John Coustas-led Danaos Corp, a New York-listed owner, has secured around $140m from charter fixtures for two recently newbuilding orders, each with a five-year charter duration, and approximately $164m from forward charter fixtures for four existing vessels. In total, the company added $304m to its contracted revenue backlog.
The Greek shipowner, with a fleet portfolio of 74 container vessels, has bolstered its newbuilding orderbook with two additional containerships.
The two newbuilding orders comprise of two additional 7,165 TEU container vessels to be built at Dalian Shanhaiguan shipyard in China, with expected delivery during the third quarter of 2027.
The newbuildings will be methanol fuel ready, fitted with open loop scrubbers and Alternative Maritime Power (AMP) units, and will be built in accordance with the latest requirements of the International Maritime Organization (IMO) in relation to Tier III emission standards and Energy Efficiency Design Index (EEDI) Phase III.
As a result of the recent activity, total contracted cash operating revenues, on the basis of concluded charter contracts, currently stand at $3.6bn. The remaining average contracted charter duration is 3.9 years, weighted by aggregate contracted charter hire.
The shipowner reports that the contracted operating days charter coverage for the container vessel fleet is nearly 100% for 2025 and 90% for 2026, including newbuildings based on their scheduled delivery dates.
Currently, the company has 18 container vessels under construction with an aggregate capacity of 148,564 TEU, while total pro-forma containership TEU capacity stands at 620,041 TEU.
Anticipated vessel deliveries comprise of one newbuilding vessel in the remainder of 2025, three vessels in 2026, 12 vessels in 2027 and two vessels in 2028.
Danaos’ CEO Dr. John Coustas commented: “We are very pleased to announce the commissioning of two additional containerships that are at the forefront of new technology. With this new order, Danaos continues to solidify its position as one of the major players in the global containership market and takes yet another step towards fleet modernization.
“At the same time, we are also pleased to report the results of our recent chartering activity. With these significant additions to the contracted revenue backlog, we have further improved earnings and cash flow visibility.
“We will continue to work to maximize our profitability and create value for our shareholders.”
Danaos has also recently invested in the dry bulk sector with the acquisition of 10 capesize drybulk vessels aggregating 1,760,861-dwt.
