Not interested in the wave of speculative ordering for feeders: Danaos boss

Leading container ship owner Danaos Corporation is not participating in the current wave of “speculative ordering.”

In the feeder segment, “pricing appears disconnected from long-term fundamentals,” emphasizes Danaos’ chief executive officer Dr. John Coustas, adding that the company is “only pursuing investments that meet our return criteria.”

“We are not broadly participating in the current wave of speculative ordering, particularly in the feeder segment,” the shipowner says.

The shipowner has added in the second quarter one additional 6,000 teu vessel to its orderbook at a shipyard with which the company has “an existing relationship.”

As it is reported, this vessel has already been fixed on a five-year charter to a “long standing client,” locking in “visibility and attractive returns.”

The 6,014 teu newbuilding containership has expected delivery in 2027. The company also took delivery of 6 newbuilding containerships in 2024 and 1 in January 2025.

“Our remaining orderbook currently consists of 16 newbuilding containership vessels with an aggregate capacity of 134,234 TEU with expected deliveries of one vessel in 2025, three vessels in 2026, ten vessels in