In its effort to capitalise on depressed asset prices, the Greek company has taken the 6,178-teu NYK Lodestar (built 2001), the 5,608-teu Suez Canal and the 5,000-teu Genoa (both built 2002).

The post-panamax trio will be owned by Gemini Shipholdings Corporation, a newly-formed entity with total equity of $15m, in which Danaos holds a 49% interest and the John Coustas family the rest.

John