New ConTex up, up, up......

(16.2.2018) Despite the chinese new year holidays the charter market continues to be fairly active in all segments. Idle fleet has become minimal and with uncovered demand for March-April the holidays are not expected to have any impact on rate developments.

The New ConTex was up a further 3 points this week and similar to the previous week the 4250 TEU segment experienced the highest gain for both the 12 and 24 months rating with a 1,9 pct gain this week.Present indications point however towards the 1700 and 3500 TEU segment which recorded continued improvement but indeed holding further upward potential. Both segments appear to lack tonnage which likely to influence the market during the coming month.