Danaos Corp Resumes Shipbuilding with New Container Ship Order

China, involves the construction of a pair of 9,200-teu container ships. The contract is valued at $210 million, equating to $105 million per ship. This decision has taken industry observers by surprise, given that Danaos Corp previously cited various uncertainties when it decided to halt new vessel plans. The decision to proceed with the order, as explained by sources familiar with the deal, signals a shift in strategy for Danaos Corp. John Coustas, the company’s principal, had earlier attributed the delay to fully booked shipyards, lengthy delivery forecasts, and volatile geopolitical conditions. This latest move reflects a change in circumstances or strategy, showcasing Danaos Corp's renewed confidence in the market.