Danaos Sells Vessel for $15.8m

Danaos Corporation announced that on May 20, 2008, it sold the 30-year old Maersk Constantia to an undisclosed and unrelated third party for approximately $15.8 million, booking profits of approximately $9.8 million as a result of this transaction.
The Maersk Constantia was one out of four so called big whites that Danaos carried on its fleet on bareboat charter, three of which, including the Maersk Constantia have now been sold. The vessel was already past its depreciable life and was fast approaching its expected scrapping date.