Danaos Corp has once again extended its shipbuilding contracts with China Shipbuilding Trading Co to include one more 8,530 TEU vessel, bringing the total number to five vessels.
All five vessels will be built by the Shanghai Jiangnan Changxing Heavy Industry Co, and are scheduled for delivery to Danaos between August 2010 and February 2011.
Danaos has also arranged for a large international liner company to charter all these vessels for twelve years each at accretive rates.
Danaos took delivery of the Hyundai Advance on August 20, 2007, the Hyundai Stride on September 5, 2007, and the new building YM Seatle on September 10, 2007.
According to schedule, Danaos also delivered the APL Holland back to its charterer on August 3, 2007, as a result of APL’s exercising of the purchase option it had on this vessel.
Danaos CEO Dr Coustas says that the company believes its growth strategy has paid off. “With this deal we have not only managed to increase our total fleet to 63 containerships, but also secure long term charters for all vessels of our contracted fleet. In conclusion, we have increased our contracted revenue to $5.2 billion.”
All five vessels will be built by the Shanghai Jiangnan Changxing Heavy Industry Co, and are scheduled for delivery to Danaos between August 2010 and February 2011.
Danaos has also arranged for a large international liner company to charter all these vessels for twelve years each at accretive rates.
Danaos took delivery of the Hyundai Advance on August 20, 2007, the Hyundai Stride on September 5, 2007, and the new building YM Seatle on September 10, 2007.
According to schedule, Danaos also delivered the APL Holland back to its charterer on August 3, 2007, as a result of APL’s exercising of the purchase option it had on this vessel.
Danaos CEO Dr Coustas says that the company believes its growth strategy has paid off. “With this deal we have not only managed to increase our total fleet to 63 containerships, but also secure long term charters for all vessels of our contracted fleet. In conclusion, we have increased our contracted revenue to $5.2 billion.”