WFW advises Danaos on US$450m newbuild vessel financing19 April 2024
We advised Danaos Corporation on a US$450m post-delivery senior secured term loan facility to finance eight newbuild vessels under construction.
We advised Danaos Corporation on a US$450m post-delivery senior secured term loan facility to finance eight newbuild vessels under construction.
The 5,500 TEU vessels will have a new eco-friendly design allowing for a 40% reduction in fuel consumption compared to the existing fleet and are ready for conversion to carbon-neutral operations based on green methanol.