Armour-plated Danaos to hit net zero debt after Zim share sell-off
Greek container ship owner Danaos will have close to zero debts and no significant capital ...
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By Alex Lennane
Beware of alleged ‘ponzi’ schemes, promising returns of 12% a year from investing in containers. According to this article, a more likely return would be 2% – some way off, for example, Pacific Tycoon’s promise of 28%. Several authorities have now indicated that some of these investment companies may be perpetuating scams. And as this article makes clear, “major transportation companies would hardly hire from a private investor when they can rent in bulk from a major leasing company”.
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