Danaos Corporation said its bank lenders have agreed to fund $426m to complete a shipbuilding programme.
The programme includes 18 container vessels scheduled for delivery in 2012.
The company said it will also raise $200m by issuing about 54.05 million shares to help finance the construction of the ships aggregating 159,150teu.
Danaos has a fleet of 47 container ships totalling 203,529teu.
The company said it has a bank debt of nearly $3bn, which will be restructured by rescheduling maturities and reducing the interest rate margin.