News / Containership owner Danaos reports strong earnings from charter market bull run

© Atgimages

Greek containership owner Danaos Corporation said it expected the charter market bull run to continue “until at least the end of next year”.

Ocean carriers are competing fiercely to fix the small number of open ships coming on to the market at virtually any cost; driving a massive spike in daily hire rates and greatly extending charter party periods.

New York-listed non-operating owner (NOO) Danaos reported very strong earnings for Q2 and the half year, and has accumulated $1.75bn in contracted revenues ...