Danaos highlights trade barriers as top risk to freight market

The shipowner’s earnings are down slightly and the company sees tariffs and trade restrictions hitting the container and dry cargo market in the long term.
"The container market continued to strengthen in the first quarter of 2024, a trend that has continued into the second quarter," said John Coustas, CEO of Danaos, in the release. | Photo: Thanassis Stavrakis/AP/Ritzau Scanpix
"The container market continued to strengthen in the first quarter of 2024, a trend that has continued into the second quarter," said John Coustas, CEO of Danaos, in the release. | Photo: Thanassis Stavrakis/AP/Ritzau Scanpix

One of the world’s largest container and dry cargo ship owners, Greek Danaos, has held steady in the first months of the year, with revenue and earnings virtually identical to the last quarter of 2023. 

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