401 points and stabile!

(27.10.2017) The New ConTex overall did not move compared to past 4 weeks but this is mainly due to adjustments of different segments and does not mean that there were no variations in the individual segments.

As seen recently the segments of 3500 TEU and above are facing a downturn especially the 4250 due to insufficient demand and spot positions that are piling up mainly in Asia where majority of the ships are concentrated, now the index is at USD 8,157 for 12 months down by USD 839 a month ago.

In the feeder segments the healthiest one seems to be the 1700 TEU which was pushed up by geared ships (although historically gls vsls had always achieved better rates in Asia) whom demand has increased amongst other factors due to the situation in Chittagong. For this size however also the Atlantic is well balanced and the index is showing a general positive trend that pushed rates up to USD 8,423 which is an increase of nearly USD 465 compared to few weeks ago.
2700 TEU seems amongst the more stable segments at the moment with rates achievable in the region of USD 9,350 for a period of 12 months and, although in Asia lately number of fresh orders have slowed down a bit the situation is well balanced and these ships are still in good demand.