News / Things looking brighter for Danaos with 'stunning' refinance deal and market uptick

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Non-operating owners of containerships are enjoying a much-needed rebound in charter hire rates, but a recent string of liner service cancellations and an uncertain outlook could derail that recovery.

Greek containership owner Danaos Corporation announced last week it had reached agreement with its lenders to refinance debt of around $2.2bn, which was due to be repaid by the end of this year.

The lenders involved include Royal Bank of Scotland, HSH Nordbank and Citibank.

Danaos said its mission strategy was “to charter our containerships ...