New ConTex has risen again
(25.08.2017) The New ConTex has risen for over two weeks. During this period it has increased by 11 points equaling almost 3%. While the former panamax size with approximately 4,250 TEU (type 4,250) has shown the strongest increment, its smaller sister (type 3,500) is the only vessel type displayed in the index which has not followed the positive trend observed in the past two weeks. This evolution is also displayed in the New ConTex development table below, indicating that the type 4,250 increased by 13.7% in a month-on-month comparison, while type 3,500 TEU decreased by 1.4%.
Overall the data reveals that the market level of the New ConTex´s vessel classes has risen by 21.9% in a year-on-year comparison. Thus, it reflects that the supply-demand gap has narrowed significantly in the past twelve months.