Danaos Corporation (NYSE:DAC) Q4 2022 Earnings Call Transcript

Omar Nokta: Yes. That makes sense, and it seems to be kind of the similar discussion from some of the liners as well that’s waiting until the second half to have a better sense. And then maybe just one final one, you mentioned that the six new buildings that come on next year. What are you thinking right now about those vessels? Clearly, those are, in terms of quality, the best out there when they deliver. You mentioned in the release that the time charter interest is still there, but it rarely goes beyond 12 months. How do you think about the employment, or what kind of discussions are you having now with charters on those new buildings in terms of stay duration?

John Coustas: No, 12 months, we are talking about ships in the water. When we are talking about new buildings, we are easily talking 3 years to 5 years, even now. As I have said, we are not in a hurry because we don’t really need a charter in order to secure finance for the ships. We are funding these vessels from our own resources. So, we are fortunate that we are able really to wait and to see exactly what’s going to be the best employment for these ships.

Omar Nokta: Okay. Alright. Thank you, John. I will turn it over.

Operator: It appears we have no further questions at this time. I would like to turn the call back over to Dr. Coustas for any closing remarks. Please go ahead, sir.

John Coustas: Yes. Thank you all for joining this conference call and your continued interest in our story. We look forward to hosting you on our next earning calls. Thank you.

Operator: Thank you. This concludes today’s teleconference. We would like to thank everyone for their participation. Have a wonderful afternoon.