Danaos chief executive John Coustas appeared to rule out a return to paying dividends amid ongoing talks with Hanjin Shipping over a potential charter rate reduction on a swathe of the company’s vessels.
The New York-listed containership owner’s top executive and shareholder addressed the payout, which has been on hold since 2008, after a shareholder asked whether improvement to Danaos’s balance sheet could lead to a resumption of dividend payments within the next two years.
