ShippingWatch

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.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Hapag-Lloyd upgrades its full-year forecast

Hapag-Lloyd upgrades its full-year forecast for 2021, as the container carrier's operating result increased by close to USD 3 billion in the first half of the year, according to preliminary figures released Friday.

Port congestion and sky-rocketing freight rates hit Barbie

The explosion in freight rates and historic shortage of capacity have a notable impact on global toy companies Mattel and Hasbro, the manufacturers of Barbie and Peppa Pig. Price increases and new production set-ups are among the responses.

Further reading

Related articles

Trial banner

Latest news

See all jobs