News / Danaos enjoys strong Q3, but sees uncertainty as liners look to cut charter costs

The Danaos-owned CMA CGM Rabelais © Atgimages

Greece-based non-operating containership owner (NOO) Danaos recorded another strong result in the third quarter, posting a net profit of $143m from turnover of $239m.

And, in contrast to its ocean carrier customers, the short- and mid-term outlook for Danaos remains profitable, underpinned by its portfolio of unexpired long-term charters.

However, the NOO sees “a lot of uncertainty, going forward” in the container markets, which perhaps explains why the company has recently diversified into the bulk sector, acquiring seven capesize dry-bulk carriers.

Despite a ...