Danaos increases size of ships on order
Danaos Corp. said it is increasing the size of four ships it has on order with China Shipbuilding Trading Co. from 6,800 TEUs to 8,400 TEUs.
The Greek company said the ships will be built by the Shanghai Jiangnan Changxing Heavy Industry Co. Ltd. and are expected to be delivered to Danaos during 2010.
John Coustas, chief executive, said with the bigger ships “we expect that we will be able to achieve improved returns when we market these vessels.”
Danaos has a fleet of 30 containerships with aggregate capacity of 133,425 TEUs, which it charters to several liner companies. It also has 28 ships on order with total capacity of 153,924 TEU. The company’s shares are traded on the New York Stock Exchange under the symbol DAC.