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Danaos bolsters its fleet

Caption: Photo: Danaos

Greek shipping company Danaos is continuing to expand its fleet – with ships in both the bulker and container segments.

The company managed by John Coustas, which has long been known primarily as a provider of container ships, has acquired two more bulkers on the second-hand market, bringing its fleet to nine units. [ds_preview]

The vessels are Capesize bulkers built in 2010 and 2011 and have a carrying capacity of 178,000 tons and 176,000 tons, respectively. Both together are said to have cost $52.8 million. The takeover is reportedly planned for April and July, respectively.

Danaos open to further acquisitions

According to CEO John Coustas, the company will continue to examine “interesting opportunities” in this sector in the future. The market for Capesize ships is currently at a very good level, thanks to the high demand for the transportation of iron ore, coal, bauxite and agricultural commodities. The latest economic measures in China are likely to keep demand stable, while fleet growth will slow down over the next two years, according to Coustas.

However, Danaos is also continuing to expand its container ship fleet. With currently 68 units, the Greek shipping company is already one of the largest tonnage providers in the world. As has now been announced, the company has ordered two new Postpanamax vessels. They are to be equipped with methanol-capable dual-fuel engines and will each have 8,258 berths. The order book reportedly comprises a total of 12 ships, which will be delivered between 2024 and 2027.

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