Danaos Sinks to Loss due to Hanjin Impairments
Athens-based containership owner Danaos Corporation swung to a net loss of USD 366.2 million in 2016 from a profit of USD 117 million in 2015, largely impacted by the bankruptcy of South Korea’s Hanjin Shipping.
Hanjin’s Crisis Affects Danaos’ Earnings
Athens-based containership owner Danaos Corporation recorded a net loss of USD 8.39 million in the third quarter of 2016 mainly due to the bankruptcy of South Korean carrier Hanjin Shipping.