Danaos Corporation has announced that it has ordered three 10,100 TEU containerships to built at South Korea's Hyundai Samho Heavy Industries and are expected to be delivered in January, February and March of 2011.
Danaos has also arranged for a large international liner company to charter all three for 12 years each at accretive rates, said a company statement. This deal increases Danaos' contracted fleet of newbuildings to 34 vessels with a total carrying capacity of 243,468 TEU or 160 per cent of its current fleet.
The contract deal size for the three is US$450 million and will be financed by Danaos own funds and debt. Upon delivery, the three vessels are expected to contribute $51 million in annual profit.
In a ceremony at Samsung Heavy Industries' shipyards in November, Danaos also took delivery of its 37th containership, the YM Vancouver, which immediately started its 12-year charter with Yang Ming Lines.
"We have placed one more order for very large size containerships," said Danaos CEO John Coustas. "In addition we have arranged 12-year charters at accretive rates with one of the largest liner companies in the world for all three of these vessels scheduled to be delivered to us in 2011.
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