News / Armour-plated Danaos to hit net zero debt after Zim share sell-off

Greek container ship owner Danaos will have close to zero debts and no significant capital or refinancing needs up to 2027 following the company’s third quarter results which recorded the operator’s sale of Zim shares in the same period.

As a result of the re-scheduling of its debt the company will see another 30 ships, 45 in total, join its debt-free fleet, more than half of its 71 ships.

In re-financing its debt with Citi and Alpha Banks the company will have, ...