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Shipowner Danaos secures contracts at high rates through next year

The red-hot container market warms shipowner Danaos, which comes out of the second quarter with advancements in all areas. Notably, the company has secured contracts at high rates that don't even begin until mid-2022.

Photo: Loren Elliott/Reuters/Ritzau Scanpix
BY

Major shipowner Danaos, headquartered in Greece, has benefited from the extraordinarily strong container market, with great advancements in the financial report.

Danaos reports net earnings of USD 372.8 million in the second quarter against USD 38.5 million in the second quarter of 2020, which was dragged down by the global Covid-19 pandemic.

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