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Thursday, March 28, 2024

Danaos Re-charters Norasia Hamburg Ahead of 2008 Redelivery

Maritime Activity Reports, Inc.

July 16, 2007

Danaos Corporation has signed an agreement with the United Arab Shipping Corporation to time charter the 3,908 TEU Norasia-Hamburg for a period of 36 months. During the first 12 months of the charter, the charterer has the option to convert the three year charter to a 5 year charter, at lower rate. The charter will begin as of the date when the current employment of this vessel ends in the first quarter of 2008. The Norasia-Hamburg is currently on time charter with CSAV.

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