Danaos adds two further containerships to its fleet

A container ship passes beneath a suspension bridge as it departs for Europe.

The Danaos Corporation has placed an order for two new 7,100 TEU ships from Dalian Shipbuilding and China Shipbuilding Trading Co., Ltd (CTSC).

The vessels are to be built at Dalian Shipbuilding’s headquarters in China and are set to be delivered in Q2 and Q3 of 2024.

The latest additions to the Danaos’s fleet will be methanol fuel ready and built in accordance with the latest requirements of the International Maritime Organization (IMO).

“We are very pleased to announce the commissioning of two 7,100 TEU containerships,” said Dr. John Coustas, CEO of the Danaos Corporation.

“These vessels are at the forefront of new technology, come with the latest specifications on emissions requirements and are methanol ready.

“With this order Danaos continues to solidify its position as one of the major players in the containership market worldwide. We will continue to work to maximise our profitability and secure more accretive transactions with a focus on creating value for our shareholders.”

Back in August 2021, the corporation also agreed a deal for 10 new vessels, including one 8,500 TEU, three 3,400 TEU, and six 2,200 TEU, for charter periods ranging from three to four years.

The new charters increased the company’s contracted revenue backlog by approximately $378 million, or 21.5% compared to the Company’s $1.75 billion backlog as of June 30, 2021 and increase contracted EBITDA by approximately $280 million.

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