Greek shipowner Danaos Corporation has expanded its order book with six new vessels of two types, including four container ships and two bulk carriers.
On February 9, Danaos released its Fourth Quarter 2025 Earnings Report. During the reporting period, the company placed orders with undisclosed shipyards for four 5,300 TEU container vessels and two 211,000 DWT Newcastlemax bulk carriers.
Four container ships are scheduled for delivery between 2028 and 2029; two bulk carriers are expected to be delivered in 2028. According to market sources, the container ships are being constructed by CSSC Huangpu Wenchong Shipbuilding.
As of December 31, 2025, Danaos had an order backlog of 29 vessels, including 27 container ships with a total capacity of 174,550 TEU under construction. It is projected that 3, 13, 7, and 4 vessels will be delivered in 2026, 2027, 2028, and 2029 respectively. All new vessels will adopt the latest environmentally friendly designs and will be built in strict accordance with the latest requirements of the International Maritime Organization (IMO) regarding Phase III emission standards and Energy Efficiency Design Index (EEDI) Phase III. The order backlog also includes two bulk carriers, each with a deadweight of 211,000 tons, and it is expected to receive a second-hand Capesize dry bulk carrier by the end of the first quarter of 2026.
Including vessels under construction and new orders, Danaos’ fleet will consist of 102 container ships with a total capacity of approximately 652,041 TEU, and 13 bulk carriers with a total capacity of approximately 2.37 million deadweight tons.
In terms of chartering, in the fourth quarter of 2025, Danaos increased its contract revenue by approximately $428 million through extended charter periods and new forward charter contracts for 17 existing container ships. As of February 9, 2026, Danaos’ current contract cash operating revenue (including newbuilds) reached $4.3 billion. Weighted by total contract charter rates, the remaining average contract charter term for its container fleet is 4.3 years, with contract coverage ratios for its container fleet (including newbuilds) at 100%, 87%, and 64% for 2026, 2027, and 2028, respectively.
It is also noteworthy that on January 20, 2026, Danaos announced a strategic partnership with Glenfarne Group to jointly advance the Alaska LNG project, signaling the company’s expansion of its market footprint in the LNG and energy sectors.
Under its collaboration with Glenfarne, Danaos will inject $50 million into Glenfarne Alaska Partners as an equity investment for development capital. Danaos will become the preferred tonnage provider for the Alaska LNG project, constructing and operating at least six LNG carriers to transport liquefied natural gas from Glenfarne Alaska LNG—the majority shareholder and developer of the Alaska LNG project—to global customers.