Danaos points to stronger container market

Danaos Corporation managed to improve its result by 11.1 percent in the past year. This development is primarily attributed to lower operating and financing costs for the container operator.

Photo: Hanjin

Greek shipowner Danaos Corporation, one of the world's biggest non-operating owners (NOO), took a step forward in 2014 with an adjusted net result of USD 60 million, compared to USD 54 million in 2013, an 11.1 percent improvement, according to the unaudited annual report, published Tuesday.

Danaos achieved a revenue of USD 552.1 million in 2014, down from USD 588.1 million the year before, corresponding to a 6.1 percent decline.

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