SBLK - Danaos: Revisiting My Original Thesis And Finding Further Upside March, 22 2021 09:11 AM Star Bulk Carriers Corp. Danaos has appreciated 600%+ since I first wrote about it. The trends of rising charter rates and lower debt costs have only accelerated. The company's valuation has risen but remains below fair value. For further details see: Danaos: Revisiting My Original Thesis And Finding Further Upside