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Opla/E+ via Getty Images UBS says a key takeaway from meetings with shipping industry experts is that supply chain pressures will remain in place for the near term as it pertains to the retail sector. The bottlenecks are linked in part to port disruptions, labor shortages and a lack of availa...
We are bullish on the entire marine/shipping industry for quite some time, and on containerships particularly over recent months. Nonetheless, it's important to note that this is not a "buy and hold" industry. As a matter of fact, it's one of the most cyclical and volatile industries ...
Shares of Danaos Corporation (NYSE:DAC) traded today at $75.93, eclipsing its 52-week high. Approximately 323,000 shares have changed hands today, as compared to an average 30-day volume of 507,000 shares. Danaos Corp is an an international owner of containerships. It provides internatio...
Danaos offers good value here going for a low P/E multiple of 5. With a reopening trade and future opportunities to reinvest earnings at a high ROCE, management can use this as an opportunity to turn this company around. DAC has been up over 2200% since the last market crash in Ma...
Top containership stocks have enjoyed a remarkable run since last fall; however, the stock prices have significantly lagged the surging underlying values and business transformations. Almost all of the major companies are now cheaper today than they were last year in terms of EV/EBITD...
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 ba...
Containership charter fixtures rates have broken through to fresh all-time highs, S&P Global Platts reports, citing Harper Petersen & Co. data.Time-charter rates for a ship with a capacity of 8,500 20-ft. equivalent units reportedly registered at $65K/day on June 4, more than 4x ...
A.P. Moller-Maersk (AMKBY) is calling for a $150/ton carbon tax on marine fuels to help bridge the price gap between fossil fuels that vessels consume today and greener alternatives that are now much more expensive.The world's largest shipping container company wants the International Maritim...
The shipping industry has been gradually recovering thanks to rising demand for commodities such as iron ore and coal as several economies resume their manufacturing and industrial activities. Consequently, we think two major players in the shipping industry—Castor Maritime (CTRM) and ...
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Danaos Corporation (NYSE: DAC), one of the world’s largest independent owners of containerships, announced today that (i) it has added $616 million to its contracted revenue backlog and (ii) has added an extra five newbuilding containerships to its orderbook. The contract revenue backl...
2024-06-10 21:28:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-05-30 05:04:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...