Danaos Corporation (NYSE:DAC) Q3 2023 Earnings Call Transcript

John Coustas: We have not really seen anything happening. It’s very early. The drop has been relatively quick and liner companies are still very kind of cash reach. So – yes. I cannot rule out things like that happening in the future. I mean that to a certain extent, for companies like us that are practically debt-free to be able – I mean, all these deals, we amend and extend are beneficial because they practically increase our earnings visibility for the future. While the actual, let’s say, PV is not so important because in any case, it’s going to be – the cost is going to be priced in. It’s just many companies may not be able to afford something like that for example, to debt obligations.

Omar Nokta: Yes. Makes sense. Thank you, John. That’s it from me. I’ll turn it over.

John Coustas: Thank you.

Operator: Thank you. It appears we have no further questions at this time. I would like to turn the call back over to Dr. Coustas for any further comments or closing remarks.

John Coustas: Yes. Thank you, operator. Thank you, everyone, for listening to our story. We will continue to work towards making Danaos better and more profitable in the future. Thank you.

Operator: Thank you. This concludes today’s teleconference. We would like to thank everyone for their participation. Have a wonderful afternoon.