Danaos, an owner of more than 70 container ships, sees no quick end to the bonanza in its market, despite apprehension rising in the sector.

After yet another quarter of exceptionally good results, the US-listed outfit reported net income of $331.5m for the first three months, up 12% year on year.

Stripping out dividends and accounting gains from its stake in Israeli liner company Zim, Danaos’ adjusted net income quadrupled in the period to a record $235.3m.

Danaos revealed in its earnings statement that it sold 1.5m