Danaos Corporation signed new multi-year charters for the containerships of its fleet by expanding, at the same time, its footprint in the market of bulk carriers.
The US-listed company added four more new vessels, each with a capacity of 8,258 TEUs, to its order book, which as of March 31 consisted of 14 containerships, with a total capacity of 107,946 TEUs, with scheduled deliveries until 2027. Two of these were delivered in April and May 2024.
The company has recently increased its backlog of contracted revenue by approximately 423 million dollars through new charters for five vessels in the existing fleet and eight new ones.
The total backlog amounts to 2.5 billion dollars, with charters with an average remaining duration of 2.9 years, while the shipping company has now chartered all 14 newly built containerships.
In fact, it has covered 99% of the available charter days of the fleet for this year and 69% for 2025.
“The containership market continued to strengthen in the first quarter of this year, a trend that continues in the second quarter as well,” Danaos CEO, Yiannis Koustas, stressed.
He spoke of “renewed optimism” in the market, adding that charterers are willing to commit to charters for new vessels that will be ready in 2025-2027.
