With #containership rates chugging along and $DAC completing a massive #buyback, I thought I'd take a look at their charter book. Nearly half their charters expire in 2H20, meaning they have fair exposure to the improving rates.
For $CMRE. Far less exposure to the current rate environment with only 34% of charter coverage expiring in 2H20.
For $NMCI. Significant exposure to current rates with nearly 80% of charters expiring in 2H20. The Navios Verano trading in spot is included in the 2H20 expiry for exposure. The Navios Lapis and Navios Tempo switch to an index-linked rate in 2H20, and thus are included as well.
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