New ConTex + 5 points

(2.2.2018) The month of February has always been a crucial month to observe the further development of the charter rates. It's the month of the CNY and therefore a quiet month is expected but the key difference is that the increased rates of the last months of 2017 have remained stable and even increased during the first month of 2018. If we take a look at the New ConTex development we will see that the rates have upward stable trends (+ 5 points or 1.2%).

Some pressure is expected at the advent of CNY but this remains to be seen as there are not many vessels available. But no time for celebrations yet. February should be a month of cautious optimism.