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Danaos lifts revenue and eyes rate improvement

Container tonnage-owner Danaos now believes in better rates for the charter market, a market which has been weak for quite some time. Revenue grew slightly in 2018, while scrubber installations are expected to impact rates positively.

Photo: /ritzau/Marius Nyheim

Greek Danaos, which owns container tonnage, has previously been under pressure due to a weak charter market, but in the last quarter of 2018 things started looking up, says CEO John Coustas in the company's most recent financial report.

"The charter market for vessels larger than 5,000 teu has recently shown encouraging signs of recovery, and the market for smaller vessels remains stable albeit at relatively low levels," says Coustas in connection with the report.

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