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Containership charter market in "breakeven mode"
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Wednesday, February 22, 2012
     The containership chartering firm Danaos recorded profits in the fourth quarter and full-year 2011, compared to losses a year earlier, but the company's chief executive officer said the charter market for containerships is in "breakeven mode with more than half a million TEUs idle, which will delay any improvement in charter rates in the months ahead."    Danaos had a profit of $9.1 million in the fourth quarter of 2011, compared to a loss of $8.9 million in the same...
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