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Capesize bulkers boost profits for boxship owner Danaos

  • The company amasses record $4.5bn backlog as geopolitical uncertainty helps keep market ‘exceptionally tight’
  • Only shipping can absorb disruption on this scale, says chief executive John Coustas
  • US-listed owner eyes opportunities with comfort of having mostly debt-free fleet, low leverage and $1.5bn in liquidity

Greece-based owner is adding to its bulker segment but containers remain core business

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