- Due to the recent drop in DAC and ZIM’s stock prices, both stocks are more opportunistic than a week ago.
- The recent decreases in freight rates and charter rates are normal. Once China eases the lockdowns, I expect freight rates and charter rates to increase.
- When the container unloading at China’s ports is done, imports into the United States from China will surge.
- In the last few weeks, container freight rates for routes from North Europe to North America East Coast have climbed.
- ZIM Integrated is worth $70 per share, and Danaos Corporation is worth more than $100 per share.
For further details see:
Danaos Corporation And ZIM Integrated: Both Are Now More Opportunistic