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Danaos Shipping orders four methanol-ready 7,200 TEU newbuilds from Daehan Shipbuilding

12 Apr 2022

Danaos Shipping Co. Ltd on Monday (11 April) said it has placed orders for four 7,200 TEU containerships. 

The newbuildings will be built at Daehan Shipbuilding in Korea and are expected to be delivered to Danaos in the first half of 2024.

The open loop scrubber-equipped vessels will be built to utilise methanol as a bunker fuel when ready and are constructed in accordance to Tier III emission standards and Energy Efficiency Design Index (EEDI) Phase III requirements of the International Maritime Organization (IMO).

“We are very pleased to announce the commissioning of four 7,200 TEU containerships. These vessels are at the forefront of new technology, come with the latest specifications on emissions requirements and are methanol ready. With this order Danaos continues to solidify its position as one of the major players in the containership market worldwide,” said Danaos CEO, Dr. John Coustas.

“The current world developments are pointing out to significantly elevated fuel prices in the future and bearing in mind the uncertainty of green fuel availability we are following a strategy of investing into the most fuel-efficient vessels together with scrubbers that will minimise the fuel cost while maintaining the option to modify the vessels into green methanol use when the fuel will be available. 

“This strategy removes the risk of technical obsolescence while it delivers short and medium term benefits on the fuel cost front. Further the midsize segment is the one which is most underbuilt, and replacement will be required. We will continue to work to maximise our profitability and secure more accretive transactions with a focus on creating value for our shareholders.”

 

Photo credit: Danaos Shipping Co. Ltd
Published: 12 April, 2022

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