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Related Party Transactions
 6 Months Ended
Jun. 30, 2022
Related Party Transactions

14    Related Party Transactions

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Management fees to Danaos Shipping Company Limited (“the Manager”) amounted to $10.9 million and $9.2 million in the six months ended June 30, 2022 and 2021, respectively, and are presented under “General and administrative expenses” in the condensed consolidated statements of income.

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Commissions to the Manager amounted to $6.3 million and $3.5 million in the six months ended June 30, 2022 and 2021, respectively and are presented under “Voyage expenses” in the condensed consolidated statements of income.

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The balance “Due from related parties” in the condensed consolidated balance sheets totaling $32.1 million and $21.9 million as of June 30, 2022 and December 31, 2021, respectively, represents advances to the Manager on account of the vessels’ operating and other expenses. An amount of $0.2 million and $0.1 million as of June 30, 2022 and December 31, 2021, respectively, was due to executive officers and is presented under “Accounts payable” in the condensed consolidated balance sheets.