Danaos beefs up capesize fleet

Greek owner Danaos has continued to expand its dry bulk exposure by adding more capesize vessels to its already seven-strong fleet.

The John Coustas-led company, best known as a boxship tonnage provider, has snapped up two capes built in 2010 and 2011 for $52.8m. The vessels, identified as Jiangsu Steamship’s Xin Hang and Foremost’s Guo May, should be delivered in April and July 2024, respectively. 

Danaos completed delivery of all its previous cape acquisitions in the fourth quarter of 2023, and CEO Coustas said the company will continue to explore “interesting opportunities” in this sector.

View entirety: Splash247