User ID
Password

 

 

Smaller NOOs post multi-year stock highs
Source
American Shipper
Post Date
01/06/2021

Share prices for publicly-listed non-operating owners (NOOs) have risen on average 300% since their March lows, with medium-size and smaller companies seeing the greatest rewards. Many NOOs, who saw their share prices plummet by a bigger margin than their carrier counterparts in the first quarter following the global outbreak of COVID-19, are now set to finish the year on a high following the explosion in tonnage demand. Danaos Corp has recorded a near eightfold increase in its share price since March¡¯s low of USD 2.50, and was trading above USD 20 per share at the start of this week, its highest level since 2008. The surge has lifted the company¡¯s market capitalisation above USD 400 M. Other mid size NOOs Global Ship Lease and Navios Maritime Containers have seen their stock rise sixfold and fourfold since March. The shares are up 130% and 175% compared to the start of the year, and represent the highest levels in more than two years for both companies. Larger NOOs have also seen stock recoveries since March, but remain at lower levels than the start of the year. Atlas Corp, the parent company of Seaspan and the largest NOO with a market cap of USD 2.5Bn, has registered a near doubling in its share price since March but remains 15% off its January 1 price. Costamare meanwhile has also only recently returned to start-of-the-year levels, and is trading below its 52-week high after a strong performance in December 2019. Despite the boom, the NOO share price increases have been overshadowed by the carriers¡¯ even stronger performan


Title
Source
Post Date
Visit
An IRS Enrolled AgentsTop 10 Reasons to Stop Doing Yo.. American Shipper 09/11/2025
119
The White House isexploring how to keep Trumps tariff.. American Shipper 09/11/2025
118
HSBC warns COSCOand OOCL face $2.1bn hit from looming.. American Shipper 09/11/2025
123
Premier Alliance adjusts four Far East - USloops .. American Shipper 09/11/2025
120
This Law Could Tip New York? Housing Market into a De.. American Shipper 09/08/2025
150
NewU.S. Port Fees Targeting Chinese-Origin Vessels Ef.. American Shipper 09/08/2025
115
Fed Gets GreenLight for Interest Rate Cuts as Unemplo.. American Shipper 09/08/2025
119
Federal judges anonymously criticizeSupreme Court for.. American Shipper 09/08/2025
113
China Tariff Exclusions Exted.. American Shipper 09/05/2025
158
Premier Alliance halts Transpacific ?S5?loop .. American Shipper 09/05/2025
140
Page : 1   2   3   4   5        [Next 5 Page]  Last Page : 81 ( 1 of 81  Total Pages )

 

 

 

Brilliant Group Logistics INC.
159 N. Central Ave. Valley stream, NY 11580
Tel : (516) 599-2406 Fax : (516) 599-0528