- Container shipping rates continue to trend toward record levels as container shortages, port congestion, and other supply-chain pressures remain.
- Recent data has suggested that many of the factors pushing container shipping rates up are beginning to unwind.
- The Russian invasion and sanctions have thrown a wrench into the shipping market by exacerbating port congestion in Europe and dramatically increasing fuel costs.
- All factors considered, it appears the Russia conflict is a net-negative for container shipping stocks such as Danaos Corp. due to its likely deleterious impact on global economic demand.
- Despite a slight negative swing, Danaos Corp.'s stock valuation appears to be low enough that its stock price may continue to rise.
For further details see:
Danaos: Russia Conflict Fuels Both Positive And Negative Shifts For Container Shipping