According to Dr. Ioannis Koustas, the conflict in the Middle East extended to the seas with attacks on ships in the Red Sea region.
Containership rates have increased by 300% as a result of attacks on ships in the Red Sea, Dr. Ioannis Koustas said, commenting on the market conditions, following the announcement of Danaos Corp’s financial results for 2023.
The NYSE-listed company showed 973.5 million US dollars revenue last year, keeping performance at about the same level as in 2022 (993.3 million).
According to Koustas, the conflict in the Middle East extended to the seas with attacks on ships in the Red Sea region. This has changed trade routes and the performance of liner companies, as most major lines decided to reroute their ships away from the Suez Canal, sailing longer distances around the Cape of Good Hope to reach Europe.
New vessels ordered
More specifically, Danaos recently ordered two more vessels with a capacity of 8,258 TEUs at the Yangzijiang shipyard. Following the latest agreement, it has a total of four vessels under construction at the shipyard, with scheduled deliveries for the second half of 2026 and the first quarter of 2027.
Danaos has 12 containerships under construction in total and all are methanol ready, while they are designed with the latest ecological features.
According to Danaos, the demand for berths in shipyards is very high as the industry moves rapidly towards reducing carbon dioxide emissions by operating eco ships.
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Source : Naftemporiki
