Danaos Corp's books are in pretty solid shape, but the boxship owner wants to wait for Covid-19 uncertainty to pass before offering its first dividend since 2008.
The John Coustas-led company posted a $29.1m first-quarter profit and $97.1m in cash with $1.3bn in charter coverage through to 2028, but is still not quite ready to pull the trigger on a shareholder payout.
