Danaos expects boost from trade war and sulfur cap

Greek Danaos grew its profit in the second quarter, when, according to the company's CEO, the charter market for large ships was "strong." The container tonnage owner hopes to be able to profit from the IMO's sulfur regulations and the current trade war between the US and China.

Photo: PR / Hapag-Lloyd

Danaos increased its profit in the second quarer even though revenue went in the opposite direction.

Revenue finished slightly below the level from the same period last year at USD 112 million, while the adjusted net income grew from around USD 29 million to just above USD 30 million when comparing the two quarters.

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