Freight rates for bulk shipping have gone up a lot, so what's the outlook for container shipping?
The container shipping market is going to grow at 8.5% per year.
All continents will see growth.
Growth will only accelerate.
The fleet is almost being used at full capacity and orderbooks are at all time lows.
Supply is constraint, we don't see any new ships being built.
A lot of ships are ageing and will come off the market.
Danaos Corporation trades at PE of 6 and is at book value. This is a good buy.
Geen opmerkingen:
Een reactie posten