Danaos Corporation, one of the world’s largest independent containership owners, has announced the addition of $304 million to its contracted revenue backlog and the commissioning of two new vessel orders.
The backlog growth includes approximately $164 million from forward charter fixtures on four existing vessels and around $140 million from fixtures tied to the two new orders, each under five-year charters.
The newbuildings, two 7,165 TEU container vessels, will be constructed at the Dalian Shanhaiguan shipyard in China for delivery in Q3 2027. Designed with the latest eco features, the ships will be methanol fuel ready, equipped with open-loop scrubbers, Alternative Maritime Power (AMP) units, and fully compliant with IMO Tier III emission standards and EEDI Phase III requirements.
Following these updates, Danaos’ contracted cash operating revenues now total $3.6 billion, with an average charter duration of 3.9 years. Charter coverage stands at nearly 100% for 2025 and 90% for 2026, including scheduled newbuilding deliveries.
Danaos currently has 18 vessels under construction with a combined capacity of 148,564 TEU, bringing its pro-forma fleet capacity to 620,041 TEU. Deliveries are scheduled as follows: one vessel in 2025, three in 2026, 12 in 2027, and two in 2028.
“We are very pleased to announce the commissioning of two additional containerships that are at the forefront of new technology,” said Dr. John Coustas, CEO of Danaos. “With this new order, Danaos continues to solidify its position as one of the major players in the global containership market and takes yet another step towards fleet modernization. At the same time, our recent chartering activity significantly improves earnings and cash flow visibility.”
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