Danaos has made a winning start to 2012 with an increase in first quarter profits of over 70% to over $9.3m.

John Coustas
The US-listed shipowner said revenues were $134.2m versus the $98.9m seen in the same period last year, a rise of 35.6%.

During the quarter ended Danaos had an average of 60.1 containerships in operation compared to 51 vessels this time last year.

“During