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

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