New ConTex +6 points!
(19.1.2018) This week the New ConTex moved another 6 points (=1,5%) up, which is confirming the overall trend in the market where the signs remain positive.Todays level of 417 points was last seen in Autumn 2015 with 416 points on 15th October 2015! The Index is now continously going up since mid Novermber 2017 coming from 399 points. A year ago the ConTex remained around 300 points from mid October 2016 until end February 2017.
Every segment in the New ConTex is actually showing positive tendency compared to the week before. Highlighted in actual rates by the 1700 TEU size basis 12 mos evaluation with an increase of more than USD 200 daily as we expected already in our commentary last week.
The biggest gain was actually seen in the Panamx (4250 TEU) evaluation for the 12 mos period with USD 252 daily = 3,1% on a Week-on-Week basis.
This general trend will likely continue, especially in the smaller sizes, as Owners successfully aim for an increase on hire levels compared to "last done".