Danaos Corp chief executive John Coustas espressed a bullish view on the containership charter market ahead of IMO 2020 as the company logged a fivefold jump in second-quarter profit.
Coustas said the boxship market will benefit from downtime related to scrubber retrofits ahead of new emissions regulations scheduled to come into force on 1 January, as well as reduced sailing speeds that will result from higher fuel prices.
