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.

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Earnings data Q4 2024

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.

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 first quarter ended March 31, 2022, after the close of the market in New York on Monday, May 16, 2022. The Company's management team will host a conference call to discuss the results on Tuesday, May 17, 2022 at 9:00 A.M. ET. Conference Call Details: Participants should dial into the call 10 minutes before the

Danaos Corporation Announces Date for the Release of First Quarter 2022 Results, Conference Call and Webcast

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Due to the recent drop in DAC and ZIM's stock prices, both stocks are more opportunistic than a week ago. The recent decreases in freight rates and charter rates are normal. Once China eases the lockdowns, I expect freight rates and charter rates to increase.

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Danaos' charter backlog of $2.8 billion with an average charter duration of 4 years will ensure strong cash flows for the company. The company's expectation about its bright future is not only based on its projections about the market condition.

Danaos Corporation: The Stock Is Worth $117

ATHENS, Greece--(BUSINESS WIRE)--Danaos Corporation (NYSE: DAC), one of the world's largest independent owners of containerships, announced today that it has placed orders for four 7,200 TEU containerships. The vessels will be built at Daehan Shipbuilding in Korea and are expected to be delivered to Danaos in the first half of 2024. The vessels will be methanol fuel ready, will come with open loop scrubbers and will be built in accordance with the latest requirements of the International Mariti

Danaos Corporation Announces the Ordering of Four 7,200 TEU Containerships

Danaos: Top Stock To Buy

Danaos (DAC) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

Danaos (DAC) Is a Great Choice for "Trend" Investors, Here's Why

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Danaos (DAC) closed at $106.64 in the latest trading session, marking a +0.77% move from the prior day.

Danaos (DAC) Gains But Lags Market: What You Should Know

Danaos (DAC) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.

Here's Why Momentum in Danaos (DAC) Should Keep going

Danaos (DAC) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Strength Seen in Danaos (DAC): Can Its 7.6% Jump Turn into More Strength?

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ZIM Integrated Puts A Dividend Stamp On Danaos' Earnings Estimate Mismatching Reality

ATHENS, Greece--(BUSINESS WIRE)--Danaos Corporation (NYSE: DAC), one of the world's largest independent owners of containerships, announced today that it has placed orders for two 7,100 TEU containerships. The vessels will be built at Dalian Shipbuilding in China and are expected to be delivered to Danaos in the 2nd and 3rd quarter of 2024. The counterparties of Danaos to the shipbuilding contracts, Dalian Shipbuilding and CSTC are both subsidiaries of CSSC, one of the world's largest shipbuild

Danaos Corporation Announces the Ordering of Two 7,100 TEU Containerships

ATHENS, Greece--(BUSINESS WIRE)--Danaos Corporation (NYSE: DAC), one of the world's largest independent owners of containerships, announced today that its Annual Report on Form 20-F for the year ended December 31, 2021 has been filed with the Securities and Exchange Commission and can be accessed on the Company's website, www.danaos.com. Alternatively, shareholders may also request a hard copy of the complete audited financial statements, free of charge, by contacting the Company using the cont

Danaos Corporation Announces Availability of its Annual Report on Form 20-F for the Year Ended December 31, 2021

What Makes Danaos (DAC) a Good Fit for "Trend Investing"

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Danaos' fourth quarter earnings per share of $6.10 and EBITDA of $159.2 million were extraordinarily strong.

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Danaos' (DAC) CEO John Coustas on Q4 2021 Results - Earnings Call Transcript

We have to admit that the much-anticipated Q4/FY 2021 earnings report of Danaos has caused us some disappointment. Raising the quarterly dividend by 50% (allegedly a high percentage) to only $0.75/share falls way short of our expectations.

News for Danaos Stock (DAC)