Danaos

Danaos Corp. engages in the provision of marine and seaborne transportation services. It offers services by operating vessels in the containership sector of the shipping industry. The company was founded by Dimitris Coustas in1972 and is headquartered in Piraeus, Greece.

Earnings data Q1 2021

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Danaos reports strong Q4 earnings, navigates market challenges strategically

Danaos Corporation delivered robust financial results in Q4 2022, showcasing revenue growth, profitability, and strong contracted revenue backlog visibility.
Despite market challenges, the company's strategic approach, focus on sustainability, and solid financial position position it well for future growth and resilience.
Opportunities lie in decarbonization efforts, revenue backlog expansion, and operational optimization to drive long-term value creation for Danaos.

Danaos reports solid Q1 earnings, aims for debt-free status

Danaos Corporation's Q1 2023 performance reflects resilience amid market improvements and revenue growth, supported by a strong balance sheet.
While facing challenges in expense management and EBITDA adjustments, Danaos remains focused on capital allocation and operational efficiency.
Opportunities lie in eco-friendly designs, strategic pricing, and financial innovation to drive future growth and enhance market competitiveness.
Investors should monitor Danaos' progress towards becoming net debt-free and its strategic initiatives to capitalize on industry trends.

Danaos reports robust Q2 earnings, focuses on sustainability and growth

Danaos Corporation's Q2 2023 performance reflects resilience, with strong financial results and strategic initiatives driving growth and sustainability.
While facing challenges in corporate governance and market uncertainties, Danaos leverages opportunities in decarbonization and strategic investments for future success.
Overall, Danaos remains focused on enhancing shareholder value, maintaining a robust balance sheet, and navigating industry dynamics with agility and innovation.

Danaos reports Q3 earnings decline, eyes growth in vessel sectors

Danaos faced challenges in Q3 due to the deteriorating macroeconomic environment, impacting profitability and necessitating operational optimization.
Despite challenges, the company demonstrated financial strength, with a strong revenue backlog, shareholder value initiatives, and strategic growth investments.
Opportunities lie in pursuing modern eco vessels, new building projects, and capital deployment in both container and dry bulk sectors for future growth.
Overall, Danaos' performance reflects resilience amidst challenges, with a focus on operational efficiency, shareholder value, and strategic growth initiatives.

Danaos reports robust Q4 performance amid geopolitical challenges and growth opportunities

Danaos Corporation delivered a strong performance in Q4 2023, focusing on revenue diversification and fleet expansion amidst geopolitical challenges.
Despite facing risks from global events and operational costs, the company's financial strength and strategic initiatives position it for growth.
Opportunities in acquiring vessels, revenue diversification, and investment strategies offer avenues for Danaos to enhance shareholder value and navigate market uncertainties.

Danaos reports strong Q1 earnings, secures charter agreements for growth

Danaos Corporation's Q1 2024 performance reflects a resilient and profitable business model in the maritime industry.
Despite challenges from geopolitical uncertainties, the company's strategic initiatives and financial discipline position it for sustainable growth.
With a focus on operational excellence, revenue diversification, and market opportunities, Danaos is poised to capitalize on the evolving dynamics of the shipping industry.

Danaos posts strong Q3 results, eyes market improvements for growth

Danaos Corporation delivered a robust performance in Q3 2024, driven by a strong container market and solid financial metrics, despite challenges in the dry bulk segment.
The company's strategic strengths lie in its financial stability, high fleet coverage, and ample liquidity, positioning it well for future growth and value creation.
While facing operational challenges and rising expenses, Danaos remains optimistic about market improvements and capital deployment opportunities to drive sustainable growth.
Investors can find confidence in Danaos' resilience, prudent financial management, and strategic positioning for long-term success in the maritime industry.

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Danaos Corp. provides seaborne transportation services to the containership sector. It operates through the following segments: container vessels and drybulk vessels segment. The container vessels segment owns and operates container vessels which are primarily chartered on multi-year, fixed-rate time charter and bareboat charter agreements. The drybulk vessels segment owns and operates drybulk vessels to provide drybulk commodities transportation services. The company was founded by Dimitris Coustas in 1972 and is headquartered in Piraeus, Greece.

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Danaos' fourth quarter and full-year 2020 reveal solid execution with earnings growth primarily fueled by interest reduction.

Danaos' Execution Remains Excellent With A Dividend Reinstatement In Sight

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Danaos Corporation (DAC) CEO John Coustas on Q4 2020 Results - Earnings Call Transcript

ATHENS, Greece--(BUSINESS WIRE)--Danaos Corporation (“Danaos”) (NYSE: DAC), one of the world's largest independent owners of containerships, today reported unaudited results for the fourth quarter and the year ended December 31, 2020. Highlights for the Fourth Quarter and Year Ended December 31, 2020: Adjusted net income1 of $47.8 million, or $2.29 per share, for the three months ended December 31, 2020 compared to $38.0 million, or $2.01 per share, for the three months ended December 31, 2019,

Danaos Corporation Reports Results for the Fourth Quarter and Year Ended December 31, 2020

On Monday, February 15, Danaos (NYSE:DAC) will release its latest earnings report. Benzinga's report can help you figure out the ins and outs of the earnings release.

A Preview Of Danaos's Earnings

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ATHENS, Greece--(BUSINESS WIRE)--First sentence of release should read: Danaos Corporation (NYSE: DAC), one of the world's largest independent owners of containerships, announced today that it will release its results for the fourth quarter ended December 31, 2020 before the open of the market in New York on Tuesday, February 16, 2021 (instead of after the close of the market in New York on Monday, February 15, 2021). The updated release reads: DANAOS CORPORATION ANNOUNCES DATE FOR THE RELEASE

CORRECTING and REPLACING Danaos Corporation Announces Date for the Release of Fourth Quarter 2020 Results, Conference Call and Webcast

ATHENS, Greece--(BUSINESS WIRE)--Danaos Corporation (NYSE: DAC), one of the world's largest independent owners of containerships, announced today that it will release its results for the fourth quarter ended December 31, 2020, after the close of the market in New York on Monday, February 15, 2021. The Company's management team will host a conference call to discuss the results on Tuesday, February 16, 2021 at 9:00 A.M. ET. Conference Call Details: Participants should dial into the call 10 minut

Danaos Corporation Announces Date for the Release of Fourth Quarter 2020 Results, Conference Call and Webcast

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ATHENS, Greece--(BUSINESS WIRE)--Danaos Corporation (the “Company”) (NYSE:DAC) announced today the pricing of its offering of $300 million of 8.500% senior unsecured notes due 2028. The notes are being offered and sold in a private offering exempt from the registration requirements under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The Company intends to use the net proceeds from the offering, together with a new $815 million senior secured credit facility and a new $135

Danaos Corporation Announces Pricing of Senior Notes Offering

ATHENS, Greece--(BUSINESS WIRE)--Danaos Corporation (the “Company”) (NYSE: DAC) announced today that it plans to commence an offering of up to $300 million of senior unsecured notes due 2028, subject to market conditions and other factors. The notes are to be offered and sold in a private offering exempt from the registration requirements under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The Company intends to use the net proceeds from the offering, together with a new $

Danaos Corporation Announces Senior Notes Offering

Value Investor's Edge Live continues with this latest episode focused on the containership segment of the shipping industry. Danaos was one of our top picks at Value Investor's Edge with initial buys in September at $5.05.

Containership Update: Insights From 6-Bagger Danaos Corp. (Podcast Transcript)

Does Danaos (DAC) have what it takes to be a top stock pick for momentum investors? Let's find out.

Danaos (DAC) Is Up 28.23% in One Week: What You Should Know

Danaos has had a great run as charter rates have shot up in the past few months. ZIM, a liner company, is planning an end of January IPO - Danaos' stake may be worth more than $150 million; a massive benefit for the company, all but written-off.

Danaos: Still Undervalued And Offers Great Upside With Rising Rates And ZIM's IPO

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Container ship leasing rates are at decade highs and rising as current demand for worldwide containerized trade far outstrips ship capacity. Restrained ship ordering from years of trade tension uncertainty and Covid have left us with a grossly insufficient new ship orderbook to meet even modest trade growth in 2021/2022.

Welcome To The New Container Shipping Supercycle

As of late, it has definitely been a great time to be an investor in Danaos Corporation (DAC).

News for Danaos Stock (DAC)