New ConTex: 2.500 TEU + 2%

(3.3.2017) Another exciting week is coming to an end and the fixing activity is keeping its pace with more and more spot ships disappearing from the market. Especially in the larger segment only limited tonnage is available and it can only be a matter of time until Charterers also recognise that only a significant increase of charter hire will get them the ship they need. The number of vessels not being able to survive charters below OPEX is also increasing after this long lasting crisis, which has also taken its part to this market with strong upward potential. This is also underlined by this weeks ConTex which is showing another positive change from 0,5 % up to 2%. The biggest winner this week are all sizes from 2500 Teu and above with only the Panamax segment to slowly recover from the massive amount of spot vessels with an increase of 0,8%. It has also to be mentioned that not only the rates are picking up but also the usual flexibility granted by Owners seems to be over. It is now up to the Owners to try to increase rate levels above OPEX levels.