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The global shipping industry has officially hit a crisis point -- loaded ships are queued outside ports around the world, and companies are clamoring for workers who may not get off a ship for a year or more. At the same time, the global economy is picking up steam as demand for goods incre...
Even though a resurgence of COVID-19 cases hinders the shipping industry’s growth, the demand for shipping has been rising rapidly with industries reopening across the globe. So, it could be wise to scoop up soaring shipping stocks such as ZIM Integrated (ZIM), Danaos (DAC), Euroseas (...
A summary of the state of the market and some underlying dislocations. A quick portfolio review of positions started in 2021. A selection of thematic ideas for investors to consider. New positions initiated for coverage. For further details see: Balancing The Risks
Initiating coverage on Euroseas, a small, Greece-based owner of feeder containerships and intermediate container carriers. Outlining fleet composition and chartering strategy as well as recent moves to expand the fleet. Discussing Wednesday's record-high charter contract with a tw...
Following the sale of Qoros Auto Co., Kenon Holdings has two main holdings: ZIM Integrated Shipping Services Ltd, a containership liner, and OPC Energy Ltd, a green energy producer. If only allowed one name between ZIM and KEN, most investors, including yours truly, would pick th...
Since Danaos has already booked its ships for 2H 2021 and almost fully for FY2022, the Street's estimates regarding the company's revenues seem quite reliable. I use those estimates in 3 scenarios to build the most conservative DCF model possible to let it soak all the market and idio...
Danaos is currently operating in a very favorable environment, keep signing multi-year charters at records rates. The company is paying down debt, distributing dividends, and growing its NAV. Despite its extended rally, Danaos has still more to run. Shares could very reasonably su...
Shares of Danaos Corporation (NYSE:DAC) traded today at $88.13, eclipsing its 52-week high. This new high was reached on below average trading volume as 123,000 shares traded hands, while the average 30-day volume is approximately 371,000 shares. Danaos Corp is an an international owner ...
Shares of Danaos Corporation (NYSE:DAC) traded at a new 52-week high today of $85.71. This new high was reached on below average trading volume as 135,000 shares traded hands, while the average 30-day volume is approximately 366,000 shares. Over the past year, Danaos Corporation has trad...
Danaos Corporation (the "Company") (NYSE: DAC) today announced that it has entered into new charter agreements for 10 of its vessels, including one 8,500 TEU vessel, three 3,400 TEU vessels and six 2,200 vessels, for charter periods ranging from 3 to 4 years. The charters will commence ...
News, Short Squeeze, Breakout and More Instantly...
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...