New ConTex: 2 more points!

(20.1.17) There are positive signs from most of the New ConTex groups and the Index reflects this by improving by 2 points and ending week 03 with 298.

Especially the 1700 and 2500 TEU segments moved upwards by more than 1% fuelled by good demand for this time of the year. The number of fixtures is encouraging in combination with a lot of charter vessels being sold for demolition. The Charterers had less choice for their TC requirements and the agreed TC periods have become less flexible.

Surprisingly for some, even the Panamax group has gone above the USD 4,200 mark basis a 12-month employment. Let's remember that in November and December some Panamax Charters were agreed at only USD 3,900.

The Lunar New Year holidays will dampen the Chartering activities in Asia for about two weeks, but expectations are that thereafter the container market should improve further. 2016 demolition of containership capacity should have reached around 670,000 TEU (nearly 200 vessels), if the demo activity remains on this high level during 2017, the supply/demand ration will be much healthier for most containership segments and charter levels will improve accordingly.