Danaos Corporation Reports First Quarter Results for the Period Ended March 31, 2023
Retrieved on:
Monday, May 15, 2023
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“Danaos reports yet another solid quarter, despite the continuing geopolitical uncertainty and the turmoil in the financial markets.
Key Points:
- “Danaos reports yet another solid quarter, despite the continuing geopolitical uncertainty and the turmoil in the financial markets.
- Three months ended March 31, 2023 compared to the three months ended March 31, 2022
During the three months ended March 31, 2023, Danaos had an average of 68.3 containerships compared to 71.0 containerships during the three months ended March 31, 2022. - Our fleet utilization for the three months ended March 31, 2023 was 96.8% compared to 97.4% for the three months ended March 31, 2022.
- Average indebtedness was $507.7 million in the three months ended March 31, 2023, compared to average indebtedness of $1,356.7 million in the three months ended March 31, 2022.