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Danaos Corporation (the "Company") (NYSE: DAC) today announced that it has entered into an agreement to acquire six 5,466 TEU container vessels built at Hanjin Subic Bay shipyard en bloc for $260 million (the “Acquisition”). The vessels, which have an average age of 6.8 ye...
Value Investor's Edge Live resumes with this latest episode focused on the containership markets. We hosted Ian Webber, CEO of Global Ship Lease, to discuss company prospects and overall containership dynamics. Tom Lister, CCO, also joined the conversation. GSL has completed two m...
Industrial stocks gained 15.6% in the first half of 2021, surpassing SPDR S&P 500 Trust ETF gain of 14.4%. Industrial Select Sector SPDR ETF (XLI) ranked #5 among the 11 S&P sectors in terms of year-to-date performance.Three Shipping companies were among the top five ga...
Danaos Corporation (the "Company") (NYSE: DAC) today announced that it has exercised its option to acquire the remaining equity interests in its joint venture Gemini Shipholdings Corporation ("Gemini"). The purchase price for the 51% of Gemini not already owned by the Company is $86.7 m...
As the economy ramps up in its fast-paced recovery, we think cyclical stocks The Gap (GPS), Danaos (DAC), and CONSOL Energy (CEIX) are well-positioned to thrive. Given the economic tailwinds and strong fundamentals, our proprietary POWR Ratings system has recently upgraded these three stocks ...
Kenon Holdings has two primary holdings: ZIM Integrated Shipping Services (trading on the NYSE), and OPC Energy (trading on the TASE). Both businesses are doing great, and the containership business particularly is going through a booming cycle like we've never seen before. With c...
Shares of Danaos Corporation (NYSE:DAC) traded at a new 52-week high today of $79.49. This new high was reached on below average trading volume as 180,000 shares traded hands, while the average 30-day volume is approximately 430,000 shares. In the past 52 weeks, Danaos Corporation share ...
As human beings, we often find it hard/impossible to let the past go. As investors, it's not only easier, but it's worthwhile doing that. The Colony-NorthStar stuff has been quite a horror story for many investors, over many years. But then came Marc Ganzi. People frequently talk ...
In a recent edition of the Marketplace Roundtable, J Mintzmyer reviews the containership sector and shares some top picks. J recently published a full-length report which reviews misconceptions and highlights two top picks: Danaos Corp and Global Ship Lease. This interview further unp...
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Prime DayConsumers continue to fill up their shopping carts on Amazon (NASDAQ:AMZN) Prime Day, with under 24 hours to go for the two-day event. Discounts a...
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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...