In the first quarter of this year, the revenues of the Greek Danaos Corporation amounted to $253.3 million, a similar figure to that of the same period of 2024, of which 236.2 million (+1.2%) generated by the company's container ship fleet, which is consisting of 74 ships to which 15 will be added under construction, and 17.1 million (-14.6%) from its bulk carrier fleet consisting of ten Capesize ships. Operating profit was 120.2 million dollars (-14.4%) and net income of 115.1 million (-23.5%), with a contribution of €119.0 million (-14.0%) from container carrier and a negative contribution of -6.5 million compared to a profit of $337 thousand in the first quarter of 2024 from bulk carriers.

Referring to the markets in which the company operates, the CEO of Danaos, John Coustas, took over that, "as the year progresses, the degree of global crisis shows no sign of abating. Armed conflicts continue, more recently involving India and Pakistan, and the uncertainty of tariffs has led to a drastic decline in the US market for Pacific. So far, Coustas noted, the U.S. economy has continues to be resilient. As long as American consumers continue to spend, we expect that trade will resume, with the depletion of stocks that will eventually will lead to a surge in demand. The market for dry bulk - continued Coustat - recovered from the lows of the first quarter, although the recovery has been modest. At In our view, a significant and lasting recovery will be difficult in the absence of further growth initiatives in China. If the much-publicised Simandou project - has been Coustas also pointed out, referring to China's intentions to exploiting these iron ore deposits in Africa - will promote the Capesize market by increasing the ton-miles, a significant increase in overall iron ore consumption."