- Box rates and ship leasing rates are exploding higher in a spectacular reversal of fortunes for the containership lines and the containership leasing companies like Danaos.
- High financial leverage which brought it close to bankruptcy in 2018 is now working in its favor for extremely high returns.
- Charter coverage on large ships guarantees profitability and minimizes risks in 2021 while short contracts on 30 small ships provide huge upside in the near term.
- Container shipping market fundamentals show that this could be the start of a longer trend of exceptional earnings.
For further details see:
Danaos' Spectacular Turnaround