ShippingWatch

Danaos impressed with container lines' recovery during coronavirus

Shipowner Danaos benefits from the improvements among its customers, the container lines. CEO describes the shipping lines' recovery during the coronavirus crisis as remarkable.

Photo: Loren Elliott/Reuters/Ritzau Scanpix

Greek shipowner Danaos, which charters ships to container lines such as CMA CGM, HMM and ZIM, has benefited from the strong container market.

When the coronavirus crisis erupted, many stakeholders feared that demand for container shipping would collapse. Shipping companies thus began blanking sailings, which kept rates up during the initial shutdown of the global economy.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

For Coca-Cola, chartering vessels is by no means a foreign concept

Coca-Cola made a splash when one of the company's execs recently informed that it had chartered three dry bulk vessels as a result of the strained supply chains. It's a frequently used method, the company tells ShippingWatch. Nike expects shortages of products in coming quarters.

Further reading

Related articles

Trial banner

Latest news

See all jobs