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Danaos secures deal for six container ships acquisition

The Greek container ship owner, Danaos Corporation has entered into an agreement to acquire six 5,466TEU container vessels built at Hanjin Subic Bay shipyard.

The cost for the acquisition of all the boxships will be approximately US$260 million. The vessels, which have an average age of 6.8 years, are on time charter contracts to leading liner companies with a weighted average charter duration of approximately two years, according to an announcement.

“The targeted vessel segment has very favorable supply dynamics, and the vessels’ staggered charters with durations between one and three years provide re-chartering upside,” commented Danaos CEO, John Coustas.

The acquired vessels, which are expected to be gradually delivered to the company by the end of the third quarter of 2021, are eco-design wide beam vessels with improved fuel consumption and load efficiency characteristics when compared to conventional designs.

The acquisition will increase the fleet of the Greek shipping company to 71 container vessels, ranging from 2,200TEU to 13,100TEU.





Antonis Karamalegkos
Managing Editor

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