Danaos sees rates climbing and demand improving

Greek container shipowner Danaos reports of improved earnings in the second quarter. The company points to increasing rates and sees demand returning to the market after the corona crisis.

Photo: PR / Hapag-Lloyd

Greece's Danaos, which owns and charters container vessels to container shipping majors, sees signs of a container market in recovery following the corona crisis.

The shipowner thus exited the second quarter with adjusted net-earnings of USD 42.5 million, up from USD 34.3 million in the same period of 2019, reveals the company's quarterly interim report.

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