DAC charters to marine shipping companies. I was originally looking into ZIM and EGLE as potential buy candidates in that order but then I loved ZIM’s chart and but then I discovered they lease all their freighters and since charter rates are up I decided that EGLE , which also has a nice chart/fundamentals but owns its ships outright would outperform . But then I decided on an option better than both those options . Why not buy a strong name that charters to the distributors . So then I found DAC .
Delivery costs are way up , 50% more on some contracts apparently ! . But , so are charter costs .
I think that delivery costs will eventually cool down but I think there is a good possibility that charter costs will remain somewhat elevated going forward and is potentially a smarter play .
I see that DAC’s institution ownership has gone up Q/Q and that their fund ownership accounts for 51% of float .
The group is strong
I also really like that although much of the shipping industry was trending significant losing years around 2014 , DAC was profitable every year around that period .