Danaos Adds 39th Containership

Wednesday, January 07, 2009

Danaos Corporation (NYSE: DAC) announced Jan. 6, 2009, that it took delivery of one more containership, the Zim Monaco, expanding its operational fleet to a total of 39 containerships aggregating 157,427 TEU.

The Zim Monaco has a carrying capacity of 4,253 TEU and was built by Samsung Heavy Industries. It is 853 ft long, 105 ft wide and has a speed of 24.5 knots (about 45 Km/h). The Zim Monaco has already commenced its 12-year time charter at fixed rates immediately upon delivery. This vessel is recorded as the first vessel export in Korea's shipbuilding industry in 2009, and it is the 16th vessel Danaos has received from Samsung Heavy Industries out of the 18 vessels that Danaos has ordered in total at the shipyard.

"We enthusiastically welcome the latest delivery," said Dr. Coustas, Chief Executive Officer of Danaos. "We are proud to have taken delivery of the first 2009 built containership from Samsung Heavy Industries. The vessel has already commenced its 12-year time charter with Zim Line, one of the largest containership liner companies in the world. It is chartered at an accretive fixed charter rate which provides Danaos with an effective hedge against market charter rate volatility. We now own and operate a fleet of 39  containerships which provides Danaos with strong cash flows to further support our growth."

(www.danaos.com)

Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Strategic Marine Delivers ‘Triple First’ StratCat

Strategic Marine, a leading specialist shipbuilder and member of the TriYards Group, has delivered a world’s first to European windfarm service sector operator, Njord Offshore.

Drydocks World & Maritime World Win IMC Excellence Awards

Drydocks World and Maritime World have won the Excellence Award given by the International Maritime Club at the Golden Bells Awards 2015 - Middle East where

Rolls-Royce Propulsion Package for Polar Ship

Rolls-Royce has been awarded a contract by ship builder Fincantieri to supply a fully integrated propulsion system for Norway’s new Polar Research Vessel, which

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Offshore Oil Pipelines Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1507 sec (7 req/sec)