Danaos is in talks to bring in additional partners into recently unveiled containership joint venture Gemini Shipholdings, a vehicle that chief executive John Coustas says could provide an avenue for further acquisitions.

He adds that the structure of the joint venture with the Coustas family also gives the New York-listed boxship owner an option to absorb the vehicle once it can do so without diluting shareholders, which in turn could ensure a new private investor in Gemini would have the ability to exit through the public company.