There are no major developments in the chartering market compared to the last couple of weeks. The market in general is stable. The New ConTex gained seven points, or 0.5%, this week. On a week-to-week basis all size segments are merely oscillating around a black zero (actually between-1.2% and +1.1%). It is noteworthy that larger vessels, from 3500 TEU up, are the ones with the minus in front, whereas the feeder segment, especially the 1100 TEU units, are the “winner of the week”.
At 1.447 points, the New ConTex today stands as high as it hasn’t in the last 30 months and up almost 90% from this week last year.
While it looks again as there might be no soon improvement in the Red Sea/Suez traffic, hopes are sparking for an easing in the Black Sea trades, if then the peace talks pushed by the US government eventually take pace. This would probably be resulting in even stronger rate for the feeder segments.
Source: Verband Hamburger und Bremer Schiffsmakler e.V
