Greek container ship owner Danaos2013-year turnaround

Greek container ship owner Danaos report on the performance deficit in in the fourth quarter of 2013, but compared to a loss of the annual report of 2012, the successful achievement of profit last year.Data show that Danaos2013 annual revenues of $588 million, flat with the previous year, but the full-year profit to $37.5 million, compared with a net loss of $105.2 million the previous year, making the year-on-year.In addition, the company's adjusted net income of $14.97 million was recorded in the last quarter of last year, a sharp increase of 28% year-on-year.The NYSE's ship list share the company has a fleet of approximately 60 ships, Quarter of last year as well as the weakness of the market was affected by the change of the structure of the fleet decreased by 3.2% to $147 million of income, However, the company's net loss in the quarter were $4.2 million to $112.4 million year-on-year.The recent Israeli shipping company to star line (Zim) the signing of a debt-restructuring agreement makes Danaos lease to rent a greatly reduced capacity of the former is 6 The final result of the latter impairment loss of $19 million.In return, the Danaos will have a part of the 9-year star the company's unsecured interest-bearing bonds.Danaos; "Although the market was bad, the company still maintained the lease rate of 93% per cent of capacity mouth, greatly reduced the negative impacts of the spot chartering market continued to decline.Therefore, charter market is still faced with the challenge of container ship but the signs of recovery are emerging."