New ConTex + 4 week-to-week
(2.3.2018) The container charter market has not taken any breather during the lunar new year holidays and the first full working week after all market participants have returned to their desk was characterised by lively activity. With the overall relatively limited supply of available tonnage across the board, gains can be registered in all New ConTex segments. Although we monitor a relatively homogenous increase, the biggest winner this week is the 1700 TEU segment increased by 1.5% closing at USD 9,828 followed by the 1100 TEU segment gaining 1.2% week on week. With the prevailing positive sentiment combined by reduced numbers of available tonnage we do believe to experience further recovery in time charter rates.