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Danaos posts first-quarter profit after unveiling debt deal

Greek containership owner Danaos, which is on the brink of formalising a new restructuring deal with its banks, sees signs of greater stability in the boxship sector these days, noting that even current ‘trade tensions’ may have a silver lining if they discourage some ordering. The company beat analysts’ predictions for adjusted net income and revenue with its first-quarter results

Boxship owner beats Wall Street estimates and maintains high charter coverage for next 12 months

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