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Danaos Corporation (NYSE: DAC) is a leading independent owner and operator of modern containerships, providing international seaborne transportation services. Established in 1972 and headquartered in Piraeus, Greece, Danaos Corporation has built a robust reputation in the shipping industry through its efficient and reliable service offerings.
Fleet and Operations: As of October 2020, Danaos Corporation's fleet comprised 63 containerships with a total capacity of 385,769 twenty-foot equivalent units (TEUs). The fleet has since grown to 68 containerships aggregating 421,293 TEUs, with an additional 12 containerships under construction, which will add another 91,430 TEUs upon completion. Recently, the company expanded its portfolio by investing in the dry bulk sector, acquiring seven capesize bulk carriers totaling 1,231,157 DWT, with plans to acquire two more capesize bulk carriers aggregating 354,579 DWT.
Global Reach: Danaos Corporation operates across Australia, Asia, Europe, and the United States. The company's seaborne transportation services involve chartering vessels to some of the world's largest liner companies including HMM, MSC, Yang Ming, Hapag Lloyd, ZIM, Maersk, COSCO, OOCL, ONE, PIL, Sealead, Niledutch, Samudera, OSC, and Arkas.
Financial Performance and Stability: Danaos generates the majority of its revenue from the container vessels segment, with significant contributions from the Australia-Asia region. The company’s long-standing relationships with major liner companies and its modern fleet contribute to stable and predictable revenue streams.
Recent Achievements: Danaos Corporation recently announced its fourth-quarter results for the period ending December 31, 2023, demonstrating continued financial health and operational excellence. The company continues to focus on expanding its fleet and maintaining rigorous operational and environmental standards.
Partnerships and Clients: Danaos Corporation's client portfolio includes some of the largest and most reputable liner companies globally. These partnerships are built on a foundation of reliability and excellence, ensuring the company's vessels are consistently in demand.
For more information and the latest updates, visit Danaos Corporation's website.
Danaos Corporation (NYSE: DAC), a major owner of containerships, has filed its Annual Report on Form 20-F for the year ending December 31, 2021, with the Securities and Exchange Commission. The report is available on Danaos' website, providing shareholders access to its audited financial statements at no cost upon request. Danaos operates a fleet of 71 containerships with a combined capacity of 436,589 TEUs, ranking as a leading charter owner globally.
Danaos Corporation (NYSE: DAC) reported robust financial results for the fourth quarter and full year ending December 31, 2021. Adjusted net income surged 163.2% year-over-year to $125.8 million, or $6.10 per share, while full-year adjusted net income rose 112% to $362.3 million, or $17.60 per share. Operating revenues increased by 79.8% to $215 million for Q4 and 49.4% to $689.5 million for the year. The company declared a quarterly dividend of $0.75 per share, reflecting its strong cash flow generated from $2.85 billion in contracted revenues. Danaos forecasts continued growth and cash flow stability in 2022.
Danaos Corporation (NYSE: DAC) will release its fourth quarter results for the period ending December 31, 2021, on February 7, 2022, after market close in New York. A conference call to discuss these results is scheduled for February 8, 2022, at 9:00 A.M. ET. Participants can join the call via U.S. and U.K. toll-free numbers or standard international dial-in. A live audio webcast will also be available on the company’s website, with an archived version accessible within 48 hours. Danaos, a leading independent owner of containerships, operates a fleet of 71 vessels with a total TEU capacity of 436,589.
Danaos Corporation (NYSE: DAC), a leading owner of containerships, will have its senior management team, including CFO Evangelos Chatzis and Commercial Director Filippos Prokopakis, participate in Capital Link’s Company Presentation Series on January 24, 2022, at 11:00 am EST. The presentation will cover the company's operations, business development, and sector outlook. Interested participants can register for the webinar and submit questions. Danaos operates a fleet of 71 containerships, ranking among the largest charter owners globally.
Danaos Corporation (NYSE: DAC) announced new charter agreements for 11 vessels, enhancing cash flow visibility and increasing the contracted revenue backlog by approximately
Danaos Corporation (NYSE: DAC) reported strong financial results for Q3 2021, with adjusted net income increasing by 131.5% to $109.5 million ($5.32 per share) compared to $47.3 million in Q3 2020. For the nine months ending September 30, 2021, adjusted net income rose to $236.4 million ($11.49 per share), a 92.0% increase year-over-year. Operating revenues soared by 64.8% in Q3, reaching $195.9 million, while total contracted operating revenues stood at $2.1 billion with 100% charter coverage for 2021. Danaos declared a $0.50 per share dividend, payable on December 2, 2021.
Danaos Corporation (NYSE: DAC) will announce its third quarter results for 2021 on November 8, 2021, after market close. A conference call is scheduled for November 9, 2021, at 9:00 A.M. ET. Interested participants can join by calling various toll-free numbers. A replay will be available until November 16, 2021. Danaos operates a fleet of 71 containerships, aggregating 436,589 TEUs, making it one of the largest independent containership owners globally. Further details can be found on their website.
Danaos Corporation (NYSE: DAC) announced new charter agreements for 10 vessels, boosting its revenue backlog by approximately $378 million, an increase of 21.5% compared to $1.75 billion as of June 30, 2021. The charters, ranging from 3 to 4 years, enhance contracted EBITDA by around $280 million. CEO Dr. John Coustas highlighted that the company has secured 100% charter coverage for 2021 and 89% for 2022, citing improved earnings and cash flow visibility. Danaos remains focused on maximizing profitability and shareholder value.
Danaos Corporation (NYSE: DAC) reported significant financial growth for Q2 and the first half of 2021. Adjusted net income surged to $68.9 million ($3.34/share), up 62.1% YoY, while operating revenues rose 25.3% to $146.4 million. For H1 2021, adjusted net income increased 67.4% to $126.9 million ($6.17/share), with total contracted operating revenues reaching $1.75 billion. The company declared a dividend of $0.50 per share, payable August 30, 2021, while enhancing liquidity through bond redemptions and asset sales. Danaos remains optimistic about future growth opportunities amid a strong containership market.
Danaos Corporation (NYSE: DAC), a leading independent owner of containerships, will announce its second-quarter results for the period ending June 30, 2021, on August 2, 2021, after market closure. A conference call discussing these results is scheduled for August 3, 2021, at 9:00 A.M. ET. Interested participants can join via U.S., U.K., or international dial-in numbers. The call will also be available via a live audio webcast on the company's website, with a replay accessible until August 10, 2021. Danaos operates a fleet of 65 containerships with a total capacity of 403,793 TEUs.
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