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Danaos secures $378m in fresh charters

Photo: Marine Money Flickr Page johncoustas.jpg
New York-listed Danaos Corporation announced it has signed new charter agreements for 10 of its vessels totalling $378m in new revenue.

The new deals cover a single 8,500 teu vessel, three 3,400 teu vessels and six 2,200 vessels for between three and four years each, with charters due to start between January and August 2022 as current charters expire.

The new charters boost the company’s contract backlog by 21.5% to $2bn.

CEO, John Coustas said: “Not only have we achieved charter coverage for 100% of our operating days in 2021, we have already contracted 89% of our operating days for 2022 and 60% for 2023. We will continue to work to secure additional charter extensions during the strong market environment in order to maximize our profitability and create value for our shareholders.”

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