Danaos flipped to a bottom-line loss in the third quarter as the impact of Hanjin Shipping’s bankruptcy led it to breach terms of its debt.
The New York-listed containership owner reported a net loss of $8.4m during the quarter, reversing a $42.1m profit logged a year earlier.
Danaos recorded a $15.8m write-off of unpaid charter hire owed by Hanjin through 30 June.
And
