Danaos Corp has concluded a $150m sale-and-leaseback deal for two of its biggest boxships with EnTrust Global, a large investment manager in which well-known shipping financier Svein Engh is involved.
Danaos chief financial officer Evangelos Chatzis confirmed to TradeWinds the deal for the 13,100-teu Hyundai Respect and Hyundai Honour (both built 2012). The transaction was initially reported by US brokers last week.
