Danaos Corporation Announces the Ordering of Four 7,200 TEU Containerships
Danaos Corporation (NYSE: DAC) has ordered four 7,200 TEU containerships, set for delivery in the first half of 2024 from Daehan Shipbuilding in Korea. These vessels will comply with the latest International Maritime Organization standards, featuring methanol fuel readiness and open loop scrubbers. CEO John Coustas highlighted that this investment aims to mitigate rising fuel costs and technical obsolescence while enhancing profitability. With a fleet of 77 vessels totaling 479,589 TEUs, Danaos continues to strengthen its position in the containership market.
- Acquisition of four new 7,200 TEU containerships to enhance operational capacity.
- Vessels designed to meet the latest emissions standards, positioning the company for future regulatory compliance.
- Strategy focused on investing in fuel-efficient technology to counteract rising fuel costs.
- None.
The vessels will be methanol fuel ready, will come with open loop scrubbers and will be built in accordance with the latest requirements of the
The Company’s CEO, Dr.
“We are very pleased to announce the commissioning of four 7,200 TEU containerships. These vessels are at the forefront of new technology, come with the latest specifications on emissions requirements and are methanol ready. With this order Danaos continues to solidify its position as one of the major players in the containership market worldwide.
The current world developments are pointing out to significantly elevated fuel prices in the future and bearing in mind the uncertainty of green fuel availability we are following a strategy of investing into the most fuel-efficient vessels together with scrubbers that will minimize the fuel cost while maintaining the option to modify the vessels into green methanol use when the fuel will be available. This strategy removes the risk of technical obsolescence while it delivers short and medium term benefits on the fuel cost front. Further the midsize segment is the one which is most underbuilt, and replacement will be required. We will continue to work to maximize our profitability and secure more accretive transactions with a focus on creating value for our shareholders.”
About Danaos Corporation
Danaos Corporation is one of the largest independent owners of modern, large-size containerships. Our fleet of 77 containerships aggregating 479,589 TEUs, which includes 6 containerships on order aggregating 43,000 TEU with scheduled deliveries in 2024, ranks Danaos among the largest containership charter owners in the world based on total TEU capacity. Our fleet is chartered to many of the world’s largest liner companies on fixed-rate charters. Danaos Corporation’s shares trade on the
Visit our website at www.danaos.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20220411005289/en/
Chief Financial Officer
Danaos Corporation
Tel: +30 210 419 6480
E-Mail: cfo@danaos.com
Senior Vice President & Chief Operating Officer
Danaos Corporation
Tel. +30 210 419 6400
E-Mail: coo@danaos.com
Investor Relations and Financial Media:
Tel. 212-359-2228
E-Mail: danaos@rosecoglobal.com
Source: Danaos Corporation
FAQ
What recent order did Danaos Corporation place?
Where will the new containerships be built?
What features will the new vessels include?
What is Danaos Corporation's stock symbol?
When are the new containerships expected to be delivered?
