Transpacific sees first major MSC blanks as rates fall and volumes falter
Following nine weeks of consecutive declines in spot freight rates on the transpacific, carriers are ...
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By Mike Wackett
Greek non-operating containership owner Danaos Corporation has reported a “significant improvement” in the charter market for vessels over 5,500 teu.
It also noted a “slight” improvement for smaller ships.
Danaos owns a fleet of 55 containerships, mostly on long-term charters to ocean carriers, ranging in size from 2,200 teu to 13,100 teu.
Net income in the first quarter was $38.6m, compared with $28m in Q1 2018, mostly attributed to a $7.7m decrease in its net finance expenses as it paid down debt, but ...
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