Welcome to our dedicated page for Danaos Corporation news (Ticker: DAC), a resource for investors and traders seeking the latest updates and insights on Danaos Corporation stock.
Danaos Corporation (NYSE: DAC) is one of the largest independent owners of modern, large-size container vessels and also owns Capesize drybulk vessels. This news page aggregates company announcements and third-party coverage so readers can follow how Danaos’ containership and drybulk operations evolve over time.
Recent press releases highlight quarterly and year-to-date financial results, including operating revenues, net income, adjusted net income and adjusted EBITDA for the container vessels and drybulk vessels segments. Danaos also reports time charter equivalent revenues and per-day metrics, fleet utilization, and details about its cash, debt, marketable securities and net debt to last twelve months Adjusted EBITDA ratio.
News items frequently cover fleet developments, such as additions to the newbuilding containership orderbook, deliveries of new vessels and acquisitions of Capesize drybulk vessels. The company provides updates on its contracted revenue backlog, multi-year charter arrangements, and contracted operating days charter coverage for upcoming years, reflecting the extent to which its fleet is employed under fixed-rate charters with major liner companies.
Capital markets and corporate governance updates also feature prominently. Danaos has announced offerings and pricing of senior notes, intentions for the use of proceeds, and changes in its board of directors and committee memberships. Investors can use this news feed to monitor how Danaos manages its fleet growth, charter strategy, financing activities and governance matters, and to see how these factors are described in the company’s own communications.
Danaos Corporation (NYSE: DAC) reported unaudited results for the period ended December 31, 2025, showing consolidated adjusted EBITDA of $719.4M and year-end cash liquidity and marketable securities of $1.405B. Net debt/LTM adjusted EBITDA improved to 0.20x.
Key actions include a $500M seven-year unsecured bond, early repayments of secured facilities, Jolco financings for two newbuilds, $235.1M of share repurchases, a $0.90 quarterly dividend, and a contracted revenue backlog of $4.3B.
Danaos Corporation (NYSE: DAC) will release fourth quarter 2025 results for the period ended December 31, 2025, after U.S. market close on Monday, February 9, 2026. Management will host a conference call on Tuesday, February 10, 2026 at 9:00 A.M. ET with dial-in numbers for U.S., U.K. and international callers and a telephonic replay available through February 17, 2026 (access code 4481482#). A live audio webcast will be available via the company website and an archived webcast will be posted within 48 hours of the call.
Fleet highlights: current fleet of 75 container vessels (477,491 TEUs) and 25 under construction (163,950 TEUs), plus 11 capesize drybulk vessels aggregating ~1,943,286 DWT when fully delivered.
Glenfarne and Danaos (NYSE: DAC) announced a strategic partnership to advance the Alaska LNG project, under which Danaos will facilitate construction and operation of at least six LNG carriers and make a $50 million development capital investment.
Glenfarne is developing Alaska LNG in two financially independent phases: Phase One is a 739-mile, 42-inch pipeline for Alaska domestic supply; Phase Two adds liquefaction and export infrastructure targeting 20 MTPA. Glenfarne secured preliminary commercial commitments for 11 MTPA from buyers in Japan, Korea, Taiwan, and Thailand. Glenfarne owns 75% of the project; Alaska Gasline Development Corporation owns 25%.
Danaos Corporation (NYSE: DAC) announced a strategic partnership with Glenfarne Group to advance the Alaska LNG project.
Danaos will make a $50 million development capital equity investment in Glenfarne Alaska Partners LLC and will be the preferred tonnage provider to construct and operate at least six LNG carriers to deliver LNG for Glenfarne Alaska LNG, LLC. Glenfarne is developing Alaska LNG in two phases, ultimately targeting 20 MTPA export capacity; Glenfarne holds 75% of the project and has preliminary commitments for 11 MTPA.
Danaos (NYSE: DAC) reported results for the quarter and nine months ended September 30, 2025.
Key figures: Q3 adjusted net income $124.1M (diluted adj. EPS $6.75), nine‑month adjusted net income $354.5M, operating revenues Q3 $260.7M, and total contracted cash operating revenues $4.1B. Liquidity: $596.4M cash, $116.3M marketable securities, and $971.4M total liquidity. Leverage: Net debt $164.5M and Net debt / LTM Adj. EBITDA 0.23x. Corporate actions: repurchased 3,022,527 shares for $213.6M, declared a $0.90 quarterly dividend payable Dec 11, 2025, and priced $500M 6.875% senior notes due 2032.
Fleet & backlog: orderbook of 23 newbuilds (153,350 TEU), multi‑year charters for 21 vessels, and contracted coverage of 100% (2025), 95% (2026), 71% (2027).
Danaos Corporation (NYSE:DAC) will release third quarter results for the period ended September 30, 2025 after the U.S. market close on Monday, November 17, 2025. Management will host a conference call to discuss results on Tuesday, November 18, 2025 at 9:00 A.M. ET.
Dial-in details include U.S. toll-free 1 833 890 6464, U.K. toll-free 0 800 279 9489, and international +44 (0) 2075 441 375. A telephonic replay is available through November 25, 2025 using access code 3186440#. A live audio webcast and an archived replay (available within 48 hours) will be on the company website www.danaos.com.
Company fleet: 74 containerships (471,477 TEUs), 18 vessels under construction (148,564 TEUs), and a recent acquisition of 10 Capesize drybulk vessels (1,760,861 DWT).
Danaos Corporation (NYSE: DAC) announced that William Repko resigned from the board of directors effective October 13, 2025. The company said the resignation was not due to any dispute or disagreement with the company or its board.
The board retains a majority of independent directors and has not decided whether to change board size or fill the vacancy. Effective the same date, Charalampos Pampoukis was appointed to the board's Audit Committee to fill Repko's vacancy.
Danaos (NYSE:DAC) priced a private offering of $500 million 6.875% Senior Notes due 2032 on Oct 9, 2025. The company intends to use net proceeds to: (i) redeem in full the $262.8 million 8.500% Senior Notes due 2028 on or about Mar 1, 2026, (ii) repay in full a $130 million secured credit facility on Dec 1, 2025, (iii) repay in full a $55.25 million secured credit facility on Dec 1, 2025, (iv) pay refinancing costs, and (v) for general corporate purposes. The offering is expected to close on or about Oct 16, 2025, subject to customary conditions. The notes will not be registered under the Securities Act and are sold in a private placement exempt from registration.
Danaos (NYSE:DAC) announced on Oct 6, 2025 that it intends to commence a private offering of up to $500 million of Senior Notes due 2032, subject to market conditions. According to the press release, the company intends to use net proceeds to: (i) redeem in full the $262.8 million outstanding 8.500% Senior Notes due 2028 on or about Mar 1, 2026; (ii) repay in full the outstanding principal under its $130 million BNP Paribas/Credit Agricole secured facility on Dec 1, 2025; (iii) repay in full the outstanding principal under its $55.25 million Alpha Bank secured facility on Dec 1, 2025; (iv) pay refinancing costs and fees; and (v) for general corporate purposes.
The release states the offering will be a private placement exempt from SEC registration and notes the announcement is not a redemption notice or a solicitation to buy securities.
Danaos Corporation (NYSE: DAC), a leading containership owner, has significantly expanded its operations with two major announcements. The company has secured $304 million in additional contracted revenue backlog, comprising $164 million from forward charter fixtures for four existing vessels and $140 million from charter fixtures for two new vessel orders.
The company ordered two new 7,165 TEU containerships from Dalian Shanhaiguan shipyard in China, featuring advanced eco-friendly specifications including methanol-ready capability, scrubbers, and AMP units. These vessels are scheduled for delivery in Q3 2027.
Danaos now maintains $3.6 billion in total contracted revenues with an average charter duration of 3.9 years. The company's fleet coverage stands at nearly 100% for 2025 and 90% for 2026. With 18 vessels under construction, Danaos's total pro-forma capacity will reach 620,041 TEU.
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