News / Danaos profits and recharters on the up as liner 'purple patch' continues

© Khunaspix Dreamstime.

Ocean carriers and containership owners are in the midst of the richest vein for the liner sector in over a decade. 

The shipping lines are confidently predicting record earnings for the first quarter, with the expectation that the current profitability purple patch will continue at least as far as Q2, underpinned by sky-high spot rates, and beyond that boosted by annual contract rate increases being reported of 75% over the year before. 

Meanwhile, the shipowners that lease well over half of their ships to ...