Boxship disposals at Danaos Corp, the US-listed Greek boxship lessor have resulted in lower second-quarter revenues although profits for the company appear to be holding firm.

After disposing of four redundant containerships, operating revenues came in at $136.4m for the three months ending on 20 June 2014, compared to $146.6m for the same period in 2013, a decrease of 7.0%.

Adjusted net income of $11.6m,