Danaos places order for four new containerships

Harbour tugboat guides a cargo ship into the harbour of Samsun - Turkey - Taken with DJI Mavic 2 Pro, You can see more shipping concept images in my portfolio. Aerial drone view of a container ship nearing port with the assistance of a tugboat

The Danaos Corporation has placed orders for four 7,200 TEU containerships.

The vessels, set to be built at Daehan Shipbuilding in Korea, will be methanol fuel ready, come with open loop scrubbers, and are expected to be delivered in the first half of 2024.

Furthermore, the box ships are said to built in accordance with the latest requirements of the International Maritime Organization (IMO), specifically in relation to its Tier III emission standards and Energy Efficiency Design Index (EEDI) Phase III.

“We are very pleased to announce the commissioning of four 7,200 TEU containerships. These vessels are at the forefront of new technology, come with the latest specifications on emissions requirements and are methanol ready,” said Dr. John Coustas, CEO of Danaos.

“With this order Danaos continues to solidify its position as one of the major players in the containership market worldwide.

“The current world developments are pointing out to significantly elevated fuel prices in the future and bearing in mind the uncertainty of green fuel availability we are following a strategy of investing into the most fuel-efficient vessels together with scrubbers that will minimise the fuel cost while maintaining the option to modify the vessels into green methanol use when the fuel will be available.

“This strategy removes the risk of technical obsolescence while it delivers short- and medium-term benefits on the fuel cost front. Further the midsize segment is the one which is most underbuilt, and replacement will be required.

“We will continue to work to maximise our profitability and secure more accretive transactions with a focus on creating value for our shareholders.”

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

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

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