Danaos to Acquire Five 2 Containerships

Wednesday, July 18, 2007
Danaos Corporation announced has signed contracts to acquire five 1997 built, 2,200 TEU containerships. These vessels, the H.Vladivostok, H.Advance, H. Stride, H. Future, and the H.Sprinter were built by Hyundai Heavy Industries. The size of the deal is slightly in excess of $150 million and the vessels are expected to be delivered to Danaos during July, August, September and October, 2007. The acquisition will be financed by existing credit facilities and own funds.

Danaos also announced that subsequent to the acquisition agreement it has arranged ten-year charter agreements for these five vessels with Hyundai Merchant Marine at fixed daily rates which reflect current market conditions. Upon delivery to Danaos, all five vessels will have just concluded their five year dry-docking planned maintenance.

Maritime Today


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

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

Navy

Fundraiser Held for USS Gerald R. Ford Crew

Blackmer, a company in positive displacement and centrifugal pump and reciprocating compressor technologies, has a relationship with the U.S. Military that dates

Russia, US Blame Each Other for Maritime Incident

Russia and the United States gave contradictory accounts on Tuesday of an incident involving the two countries' navies in the Mediterranean Sea on June 17, each

This Day In Naval History: June 28

1776 - Army Col. William Moultries' troops defend Sullivans Island and Charleston, S.C. from an attack by British Commodore Sir Peter Parker and his fleet during the American Revolution.

Container Ships

Essberger Fleet Moves to Marlink’s Sealink VSAT Service

The Hamburg headquartered John T. Essberger (JTE) Group will migrate the primary communication systems of its entire fleet to Sealink, Marlink’s global maritime broadband VSAT service.

EU to Accept Antitrust Offer from Maersk, MSC, 13 Others

World No.1 container liner Maersk, Swiss peer MSC and 13 other shipping firms are set to escape possible penalties as EU antitrust regulators plan to accept their offer to end a five-year probe,

EU to Accept Antitrust Offer From Maersk, MSC, 13 Others

World No.1 container liner Maersk, Swiss peer MSC and 13 other shipping firms are set to escape possible penalties as EU antitrust regulators plan to accept their offer to end a five-year probe,

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction
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: 0.0622 sec (16 req/sec)