Container sector
6 covered companies · rates: SCFI
Dividend yields and the next payout set your own rates →
| Company | Yield | Last DPS | TTM | Next · our model | Company said | Fleet | |
|---|---|---|---|---|---|---|---|
| GSL Global Ship Lease | 6.1% | $0.625/q | $2.50/yr | $0.62 2026Q3 | — | 71 Container 71 | |
| MPCC.OL MPC Container Ships | 5.9% | $0.04/q | $0.18/yr | $0.02–0.03 2026Q3 low | policy | 48 Vessels 48 | |
| ESEA Euroseas | 4.6% | $0.80/q | $3.05/yr | no forecast · a fleet rate | — | 21 Container 21 | |
| ZIM ZIM Integrated Shipping Services | 4.3% | $0.00/q | $1.25/yr | no forecast · cost stack / debt service | — | 128 chartered-in container 99 · owned container 16 · chartered-in other 13 | |
| DAC Danaos Corporation | 2.3% | $0.90/q | $3.60/yr | $0.90 2026Q3 | — | 87 Container 76 · Capesize 11 | |
| ERAG.DE Ernst Russ | — | € 0.25/yr | € 0.25/yr | no forecast · cost stack / debt service | — | 27 Vessels 27 |
Ranked by trailing yield — the only figure comparable across companies, since a dividend in dollars depends on the share price behind it. Dividends declared in NOK or DKK are converted at the Norges Bank rate on the price date and chipped fx. Earnings bridges that do not reconcile to reported net income: GSL (insufficient data for an earnings bridge), MPCC.OL (insufficient data for an earnings bridge), ESEA (insufficient data for an earnings bridge), ZIM (ok), DAC (insufficient data for an earnings bridge), ERAG.DE (reported figure missing) — shown once here rather than on every row.
Fleet and cost base
| Company | Fleet | On order | Opex /day | G&A /day | Debt service /day | Cash break-even | Realized TCE | Margin |
|---|---|---|---|---|---|---|---|---|
| DAC | 87 | — | $7,165 | $1,879 | $1,869 | $10,912 derived | $35,522 2026Q2 | +$24,610 |
| ERAG.DE | 27 | — | — | — | — | not on file | $19,716 2026Q2 | — |
| ESEA | 21 | 6 | $6,024 | $1,924 | $3,726 | $11,674 derived | $30,306 2026Q2 | +$18,632 |
| GSL | 71 | — | $8,725 | $1,098 | $7,358 | $17,182 derived | $29,758 2026Q2 | +$12,576 |
| MPCC.OL | 48 | — | $8,316 | $885 | $4,523 | $13,724 derived | $24,951 2026Q2 | +$11,227 |
| ZIM | 128 | — | — | — | — | not on file | $1,412 2026Q1 | — |
| Sector median | 60 n=6 | 6 n=1 | $7,740 n=4 | $1,488 n=4 | $4,124 n=4 | $12,699 n=4 | $27,354 n=6 | $15,604 n=4 |
Cash cost per vessel-day: operating cost, overhead, and interest plus scheduled debt repayment, each divided by the same quarter's vessel days (derived), or the figure the company prints itself (issuer). “Not on file” means an input is missing — hover for which — and the page will not assume it is zero. Margin is the latest realized TCE less the break-even. Fleet age, eco and scrubber share and loan-to-value are not shown: no source on file.
Booked coverage
No company in this sector has printed its bookings for this quarter or the last.
Valuation
| Company | Price | Market cap | Net income, last 4Q | P/E | Earnings yield | Dividend yield |
|---|---|---|---|---|---|---|
| DAC | $158.17 2026-10-16 | $2,889m | — | — | — | 2.3% |
| ERAG.DE | — | — | — | — | — | — |
| ESEA | $66.17 2026-10-16 | $467m | — | — | — | 4.6% |
| GSL | $41.32 2026-10-16 | $1,484m | — | — | — | 6.1% |
| MPCC.OL | $3.05 2026-10-19 | $1,489m | — | — | — | 5.9% |
| ZIM | $29.21 2026-10-16 | $3,519m | $138.6m to 2026Q2 | 25.4× | 3.9% | 4.3% |
| Sector median | $1,489m n=5 | 25.4× n=1 | 4.6% n=5 |
Market cap is the latest USD close times the latest filed share count. P/E is trailing: the four most recent consecutive reported quarters, shown only when all four are on file and in USD. Price-to-NAV and EV/EBITDA are not shown — vessel values and net debt are not on file, and broker vessel values are licensed.
Rate context
Container benchmark rates: 588 points, 2025-01-02 to 2026-08-12; SCFI latest 134.90.
Container spot freight, each line rebased to 100 at 2025-01-02 — direction only. The Drewry World Container Index is licensed and used as a model input; its levels are at drewry.co.uk. Series: SCFI.
Realized vs benchmark
| Company | Realized fleet TCE | Benchmark (the row's own quarter) | Realization (4Q) | As of |
|---|---|---|---|---|
| DAC | 35,522 | 35,522 | — | 2026Q2 |
| ERAG.DE | 19,716 | 19,716 | — | 2026Q2 |
| ESEA | 30,306 | 30,306 | — | 2026Q2 |
| GSL | 29,758 | 29,758 | — | 2026Q2 |
| MPCC.OL | 24,951 | 24,951 | — | 2026Q2 |
| ZIM | 1,412 | — | — | 2026Q1 |
Issuer-printed fleet TCE ÷ benchmark over trailing four quarters. Benchmarks are the printed peer figure where one exists, else derived from Gibson class rates weighted by the company's fleet mix, priced for the same quarter the realized figure covers (5.10: the column no longer reads this month's rate beside a 2026Q2 realized TCE). Index-linked players target >1.0×; spot players track the benchmark.