0.45Open0.45Pre Close0 Volume2 Open Interest130.00Strike Price0.00Turnover106.93%IV64.25%PremiumJan 17, 2025Expiry Date0.00Intrinsic Value100Multiplier25DDays to Expiry0.45Extrinsic Value100Contract SizeAmericanOptions Type0.0532Delta0.0049Gamma176.49Leverage Ratio-0.0477Theta0.0026Rho9.39Eff Leverage0.0225Vega
Danaos Stock Discussion
Danaos Corp forward-fixes six 8,000-teu container newbuildings with Hapag-Lloyd
German liner is behind three-year charters of methanol-ready neopanamaxes
13 June 2024 12:24 GMT UPDATED 13 June 2024 14:10 GMT
By Ian Lewis
in London
Danaos Corp has fixed a series of neopanamax container ships with Hapag-Lloyd in charter deals worth around $300m.
Danaos Corp fixes $450m of finan...
DAC is trading at half its tangible book value despite being net debt free and having almost USD50/share in earnings contracted for 2024-2025.
Danaos: Just Far Too Cheap, It's A Buy - Seeking Alpha
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Hope this helps. Feel free to comment if you have more questions.
First, you have to specify which segment of the shipping market you are talking about - container, drybulk, tanker, LNG. DAC and MATX are container shipping companies whereas SBLK is drybulk. Their market dynamics and macro environment are very different.
The major factors affecting container shipping are the supply chain crisis, increased demand for containerized goods, and port backlogs. It's basic supply and demand. For dry bulk, it's a bit more volatile and depends a lot on iron ore exports and coal in the current environment (particularly iron ore from Brazil to China and coal imports to China and India), as well as grains. Containership rates are reflected in the FBX index and dry bulk rates in the Baltic Dry Index. Containership charters are typically several years long whereas dry bulk is more exposed to current spot rates.
In theory, the period from mid October-early 2022 should continue to be a good time for the sector, but the market's moves seems to be disagreeing.
But with upgrades to stocks like UPS, shouldn't this help them?:
"The strong demand from the upcoming peak shipping season and smart management has UPS set up for a rebound, according to investment firm Stifel.
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