Danaos Corporation announced a significant expansion of its contracted revenue backlog by an additional $304 million since its last earnings release. This increase includes approximately $164 million from forward charter fixtures for four existing vessels and $140 million from charter fixtures for two newly ordered containerships, each secured with a five-year charter duration.
The company has ordered two additional 7,165 TEU container vessels, which will be built at Dalian Shanhaiguan shipyard in China and are expected to be delivered during the third quarter of 2027. These new vessels are designed with advanced eco characteristics, will be methanol fuel ready, and fitted with open loop scrubbers and Alternative Maritime Power (AMP) units, ensuring compliance with IMO Tier III emission standards and EEDI Phase III.
As a result of these activities, Danaos's total contracted cash operating revenues now stand at $3.6 billion, with a remaining average contracted charter duration of 3.9 years. The company's contracted operating days charter coverage for its container vessel fleet is nearly 100% for 2025 and 90% for 2026, including newbuildings. Danaos now has 18 container vessels under construction, with an aggregate capacity of 148,564 TEU, bringing its total pro-forma containership TEU capacity to 620,041 TEU.
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