Danaos Corporation Arranges Charters Even For Fully Depreciated Vessels

Monday, March 10, 2008

 

Danaos Corporation announced that it has signed an agreement with MCC, a subsidiary of MAERSK, and has already time-chartered the 30 year old S.A. Helderberg, a 3,100 TEU containership, for a period of 12 months beginning December 2007 at fixed daily rates. Danaos also time-chartered its sister ship, the S.A. Sederberg to CMA-CGM at a fixed one year accretive rate. The Company also sold the other 30 year old sister ship to the above mentioned vessels, the S.A Winterberd, to an undisclosed and unrelated third party for approximately $11m booking profits in excess of $5.5m as a result of this transaction. Further, Danaos announced that it has re-chartered the 30 year old Eagle Express to MSC and the to Senator Lines both for two years at accretive rates.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

U.S. Awards $61.8 Mln for Port Projects

U.S. Transportation Secretary Anthony Fox today announced 40 awards totaling nearly $500 million in funding for the  FY 2016 Transportation Investment Generating Economic Recovery (TIGER) grants.

Moody's: Challenges Ahead for Asian Port Operators

Moody's Investors Service says lackluster global growth, weak commodity prices, high capital expenditure commitments and a liner industry struggling with overcapacity

Swiber Applies for Judicial Management Instead of Liquidation

Singapore oilfield services company Swiber Holdings Ltd said on Friday it has applied to place itself under judicial management instead of liquidation.   Swiber

Vessels

Horizon Delivers Towboat Marty Cullinan for FMT

In June 2016 Horizon Shipbuilding, Inc. of Bayou La Batre, Ala. delivered the M/V Marty Cullinan, a 120’ towboat with a retractable pilot house, to its home port of New Orleans, La.

New Dredger for North Carolina’s Coastal Waterways

The North Carolina Department of Transportation recently took delivery of a new, fully customized cutter suction dredge, which it christened the Dredge Manteo in a ceremony held April 28,

New 'Mega Passenger Ship' for Star Cruises

Elomatic Ltd and Deltamarin Ltd have signed a tri-party engineering contract with shipbuilder MV Werften for the design of Star Cruises’ new Global Class “mega passenger ship,

 
 
Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | 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: 0.0764 sec (13 req/sec)