Danaos inks deal for two 8,000+ TEU containerships

Cargo ship carrying several containers on the waters of the sea of rio de Janeiro, Brazil

Danaos Corporation (Danaos) has signed contracts for the construction of two 8,258 TEU containerships, with delivery expected for 2026.

The contracts were signed on 20 June 2023.

This takes Danaos’ total newbuilding order book to 10 ships with a total capacity of 74,914 TEU, with seven vessels slated to be delivered in 2024, one in 2025, and two in 2026.

The containership owners’ newbuildings are designed with the latest eco characteristics, according to the company.

They will be methanol fuel ready and outfitted with Alternative Maritime Power Units, and they will all be built in accordance with the International Maritime Organization’s (IMO) latest requirements for Tier III emission standards and Energy Efficiency Design Index (EEDI) Phase III.

READ: Danaos Corporation strikes deal for six new container ships

Danaos generated approximately $469 million to its committed revenue backlog during the past three months by arranging new charters for 12 containerships in its fleet.

Additional contractual revenues of $177 million for three 13,100 TEU vessels forward fixed on new three-year charters and $227 million for five 8,530 TEU vessels ahead fixed for an additional 3.6 years are among the new fixtures.

John Coustas, CEO of Danaos, said: “Danaos continues to advance its decarbonisation strategy in multiple ways. We are constantly optimising and retrofitting our existing fleet and have committed to upgrade around 20 vessels with new propellers, fuel saving appendages and low friction paints.

“We have also expanded our new building programme with the order of four additional newbuilding vessels. These vessels, two of which are 6,000 TEU and two of which are 8,200 TEU, will be delivered methanol-ready, ensuring the longevity of our investment.”

In August 2022, Danaos reported strong unaudited results for the second quarter and first half of the year, more than doubling its quarterly adjusted net income compared with a year ago.

More recently, in January 2023, a Post-Panamax cargo ship, owned by Danaos, spilled between 60 to 100 litres of fuel in the English Bay, Vancouver.

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