- Danaos is successfully rechartering its ships at higher rates, an effect that is likely to only become more apparent in the coming months.
- The company's refinancing promises to bring down its debt load, which will be accounted for in the second quarter.
- Additionally, their cash balance should skyrocket as they cash out $150 million in bonds and equity.
- The effect of these events on Danaos' balance sheet, combined with the income boost from recharterings, is yet to be fully realized - positioning the company for further upside.
For further details see:
Danaos Corporation Has Further Upside As Changes To Its Balance Sheet Aren't Fully Realized