Underwriters for Danaos Corp have put some money toward a $54m share offering, bringing the shipowner's total proceeds to $56.5m.

The Dr John Coustas-led boxship player's backers partially exercised their option to buy 418,080 more shares through the offer, which closed 26 November.

Danaos sold a total of 9.42 million shares to raise money for capital expenditures, including vessel acquisitions, and other general corporate purposes.