Danaos (Coustas) bolsters newbuild orderbook with a pair of boxships

John Coustas-led Danaos Corp, a New York-listed owner, has bolstered its newbuilding orderbook with two more ships. The company added in December a pair of 9,200 TEU newbuilding containerships to its orderbook, which have expected deliveries in 2027.

Meanwhile, it took delivery of 6 newbuilding containerships in 2024 and 1 in January 2025.

In January the shipowner took delivery of its 7th newbuilding containership, the Phoebe, which was deployed on a seven-year time charter.

The company’s remaining orderbook currently consists of a further 15 newbuilding containership vessels with an aggregate capacity of 128,220 TEU, with expected deliveries of one vessel in 2025, three vessels in 2026, nine vessels in 2027 and two vessels in 2028.

John Coustas-led Danaos Corp revealed in its unaudited results for the period ended December 31, 2024, that it had secured “multi-year charter arrangements for 13 of the remaining 15 newbuilding vessels orderbook, with an average charter duration of approximately 5.1 years weighted by aggregate contracted charter hire.”

Over the past three months, the company added approximately $336m to its contracted revenue backlog through