Danaos delivers profit in rough container market

The Greek shipowner Danaos got back into the black in 2015 with a result of USD 117 million up from a deficit of USD 3.9 million in 2014. The CEO projects a flat market in 2016.

Photo: Ritzau Scanpix/AP/Dimitri Messinis

Greek Danaos Corporation, one of the world's largest non-operating owners of container vessels, saw its numbers turn black with a profit of USD 117 million, according to the recent annual report. The result came to a deficit of USD 3.9 million the previous year. Revenue for the year landed at USD 567.9 million compared to USD 552.1 million in 2014.

And even though, things have improved for the shipowner, the situation has not exactly been bright and cheery for the global container freight.

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