Danaos Corporation, a Cypriot company owning a fleet of 68 container ships of total hold capacity pairs to 424 thousand teu that are rented at different Shipping companies, closed the second quarter of this year with revenues of $241.5 million, down - the first after 12 consecutive quarters of growth - -3.8% on the period April-June 2022. To record a decline after a period Equally prolonged increase was profit operating which amounted to 147.6 million dollars. The profit net was 147.0 million compared to 8.2 million dollars in the second quarter of last year.

Highlighting that in the second quarter of 2023 Verified a stagnation of the world economies that has led to a gradual weakening of the container market, the administrator delegate of the Limassol company, John Coustas, pointed out that Danaos "earned nearly $500 million in the quarter." of new rental contracts. At the end of the quarter - has specified - our overall portfolio of rentals is increased to $2.5 billion and coverage from contracted rentals is currently 99% for 2023 and by 86% for 2024'. Remembering that society is introducing measures to decarbonise emissions from ships of the fleet, including the installation on about 20 ships of new propellers and equipment for saving fuel consumption, and painting the hulls with low hydrodynamic friction paints, Coustas also recalled that Danaos is executing orders for the purchase of ten more vessels with a total capacity of approximately 75 thousand teu and that six of these portacontenitori are already have been hired for multi-year periods from the date of their delivery in 2024.

Danaos is also present in the bulk carrier sector through the recent stake in the US Eagle Bulk Shipping, of which it is a reference shareholder holding 16.7% of the share capital. Eagle has a fleet of 52 bulk carriers with a capacity of 3.2 million tonnes of deadweight. "We believe - said Coustas referring to This business segment - that the fundamentals for a long time term of the solid bulk market are very positive. In In particular, the order book is at historically high levels low and supply growth is expected in the coming years of the fleet will decrease significantly in a context of demand recovering. In the short term, market sentiment It's not that promising, but we've nevertheless been in able to make investments at attractive prices'. However, the investment in Eagle Bulk made in recent years months has already given a disappointment to Danaos: at least so The Cypriot company interpreted the repurchase of the stake of Oaktree Capital in Eagle, equal to 28% of the capital, transaction nefarious according to Danaos and realized - highlighted the company of Limassol - with a premium of almost 35% compared to prices 45-day averages of Eagle stock. In this regard, Danaos asked the Board of Directors of the Eagle, specifying that "these transactions, which have been made by the board of Eagle, radically alter our perception of Eagle's corporate governance".

In the entire first half of 2023, Danaos recorded revenues pairs to 485,0 million dollars, in increase of +0.9% on the first half of last year, an operating profit of 302.1 million (+1.8%) and a profit clearly of 293,2 million dollars (-13,7%).