Transport Sector, China and Asia-focused Research

Charles De Trenck

Equity Bottom-Up

At this point in the cycle, we could say that just about all shipping companies have sailed into the Bermuda Triangle. <a href="https://www.smartkarma.com/entities/23596" target="_blank" data-smartkarma-citation="entities:23596:1">Seaspan Corp. (SSW US)</a>, one of the last bastions of stability, has taken it on the chin in the last few trading sessions. <a href="https://www.smartkarma.com/entities/22428" target="_blank" data-smartkarma-citation="entities:22428:1">AP Moeller - Maersk A/S (MAERSKB DC)</a>, in a slightly different silo, has also had a rough week following a poor set of earnings.The following is a discussion of the drivers behind SSW's success, and a look at debates we could have as well as how to approach…

At this point in the cycle, we could say that just about all shipping companies have sailed into the Bermuda Triangle. Seaspan Corp. (SSW US), one of the last bastions of stability, has taken it on the chin in the last few trading sessions. AP Moeller - Maersk A/S (MAERSKB DC), in a slightly different silo, has also had a rough week following a poor set of earnings.The following is a discussion of the drivers behind SSW's success, and a look at debates we could have as well as how to approach…

Shipping Royalty Tanks (Reasons Behind Seaspan's Correction)

In the real physical world, not the sometimes Potemkin land of equities, industries like container shipping continue to struggle. <a href="https://www.smartkarma.com/entities/22428" target="_blank" data-smartkarma-citation="entities:22428:1">AP Moeller - Maersk A/S (MAERSKB DC)</a>  and <a href="https://www.smartkarma.com/entities/801" target="_blank" data-smartkarma-citation="entities:801:1">Orient Overseas Intl Ltd (316 HK)</a>  are certainly equity players that survive and fare better than most, even as they face their own challenges.Maersk shares are basically flat over 12 months after digesting lower earnings and a further breakout of divisions. OOIL shares are down some 20%, following a short-lived 25+% trading…

In the real physical world, not the sometimes Potemkin land of equities, industries like container shipping continue to struggle. AP Moeller - Maersk A/S (MAERSKB DC)  and Orient Overseas Intl Ltd (316 HK)  are certainly equity players that survive and fare better than most, even as they face their own challenges.Maersk shares are basically flat over 12 months after digesting lower earnings and a further breakout of divisions. OOIL shares are down some 20%, following a short-lived 25+% trading…

Hanjin's Long Tail, and Real World Fallout … and a Window from Triton Container Presentation Deck

Greece

Danaos Corporation owns a fleet of containerships.  The Company charters these vessels to liner companies.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Danaos Corporation (DAC US)

Shipping Royalty Tanks (Reasons Behind Seaspan's Correction)

At this point in the cycle, we could say that just about all shipping companies have sailed into the Bermuda Triangle. Seaspan Corp. (SSW US), one...

Charles De Trenck

Hanjin's Long Tail, and Real World Fallout … and a Window from Triton Container Presentation Deck

In the real physical world, not the sometimes Potemkin land of equities, industries like container shipping continue to struggle. AP Moeller -...

Charles De Trenck

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)