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Danaos Corp (DAC) CFO, Evangelos Chatzis, joined Value Investor's Edge Live to discuss the containership leasing markets and prospects for 2022. DAC has been a massive winner from the ongoing supply chain crisis, but the have taken the long-term view with very responsible moves including comprehensive refinancing, massive deleveraging, and fixing their fleet onto medium- and long-term contracts to lock in sky-high rates. Topics Covered (2:15) Update on ocontainership markets: how long can strength last? (6:00) Liners gladly taking ships 2023-2028, what is the market ‘missing?’ (9:15) Potential to sell any more older ships? (11:15) Further appetite to add growth deals in this market? (12:45) What about newbuilds with long-term charters attached? (15:15) Will cash be wasted on bad growth deals? (18:00) How can Danaos close the massive valuation gap? (20:45) Dividend policy and future payout policy? (22:30) Balance sheet: leverage target and use of funds? (27:30) Danaos plans for ZIM stake? Structure to reduce taxes? (31:00) Share repurchase program on the table? (34:45) What are the key risks to this market and to DAC? (36:45) Potential for future contract rolls? CMA CGM “market rate”? (40:30) Interest in a share split? Potentially 5-1? (42:15) Why invest in DAC versus other containership peers? Learn more about your ad choices. Visit megaphone.fm/adchoices