News / Charter market still very bad news for the NOOs as their losses mount

In just seven years, some $2.7bn has been wiped off the value of the seven publicly listed non-operating containership owners (NOOs), according to Alphaliner.

If the parlous state of the Noos needs further illustration, Alphaliner notes that investors would have seen 78% of their money lost during the period.

“A January 2014 investment of $100 in an equal weight portfolio of the seven companies would only be worth $22 today,” said the analyst.

And “this was even after taking into account the cumulative dividends paid out over ...