Danaos Corporation has boosted its contracted revenue backlog by US$304 million and ordered two new containerships, according to a company statement, reported Michigan's Street Insider.

The increase includes US$164 million from forward charter fixtures for four existing vessels and US$140 million from fixtures for the two newbuildings, each with five-year charter terms.

The new 7,165 TEU vessels will be built at Dalian Shanhaiguan shipyard in China and are scheduled for delivery in the third quarter of 2027. They will be methanol fuel ready and fitted with scrubbers and Alternative Maritime Power units, meeting IMO Tier III standards.

Danaos' total contracted cash operating revenues now stand at $3.6 billion, with an average remaining charter duration of 3.9 years. The fleet has nearly full charter coverage for 2025 and 90 per cent for 2026.

The company now has 18 container vessels under construction with a combined capacity of 148,564 TEU, bringing its total pro-forma containership capacity to 620,041 TEU. Deliveries include one vessel in 2025, three in 2026, 12 in 2027 and two in 2028.

"With this new order, Danaos continues to solidify its position as one of the major players in the global containership market," said CEO John Coustas.

The Athens-based firm operates 74 container vessels totalling 471,477 TEU and recently acquired 10 capesize drybulk vessels.