Vessel sales boost Danaos’ first half profit
New York-listed Greek ship chartering company Danaos Corp. saw its first half net income soar 226.8 percent to $145.1 million, due in large part to a $88.4 million gain on the sale of vessels. The company’s net income in the first half of 2006 was $44.4 million.
The Piraeus-based company’s revenue for the first six months of 2007 improved 14.8 percent to $131.4 million, up from $114.5 in the first half of 2006.
Danaos is the largest U.S. listed containership company, based on fleet size with a current roster of 31 containerships aggregating 135,625 TEUs and has an order book containing 28 large containerships with a total of 147,524 TEUs.