Danaos Corporation Announces Strategic Partnership with Glenfarne Group to advance the Alaska LNG Project

Rhea-AI Summary

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.

Positive

• Danaos to invest $50 million in Glenfarne Alaska Partners
• Named preferred tonnage provider to build and operate at least 6 LNG carriers
• Links Danaos to an Alaska LNG project targeting 20 MTPA export capacity
• Glenfarne has preliminary commercial commitments for 11 MTPA

Negative

• Danaos commits $50 million development capital, representing an immediate cash outflow
• Agreement requires Danaos to construct and operate at least 6 LNG carriers, tying fleet resources to the project

News Market Reaction – DAC

+1.30%

1 alert

+1.30% News Effect

On the day this news was published, DAC gained 1.30%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Equity investment: $50 million LNG carriers: At least 6 vessels Pipeline length: 765 miles +5 more

8 metrics

Equity investment $50 million Development capital equity investment in Glenfarne Alaska Partners LLC

LNG carriers At least 6 vessels Preferred tonnage provider to construct and operate LNG carriers

Pipeline length 765 miles Phase One pipeline from Alaska's North Slope for domestic gas transport

Pipeline diameter 42 inches Diameter of Phase One natural gas pipeline

Export capacity 20 MTPA Planned LNG liquefaction terminal export capacity in Phase Two

Preliminary commitments 11 MTPA Preliminary commercial commitments from buyers in Asia for Alaska LNG

Alaska LNG ownership 75% / 25% Glenfarne ownership vs Alaska Gasline Development Corporation

Permitted LNG portfolio 32.8 MTPA Glenfarne’s permitted North American LNG capacity under development

Market Reality Check

Price: $109.98 Vol: Volume 56,422 is below th...

normal vol

$109.98 Last Close

Volume Volume 56,422 is below the 20-day average of 71,287 (relative volume 0.79x). normal

Technical Price $99.36 is trading above the 200-day MA of $89.43 and 2.78% below the 52-week high.

Peers on Argus

DAC fell 2.03% with peers also down: GOGL -3.62%, NMM -2.75%, CMRE -3.9%, ZIM -4...

DAC fell 2.03% with peers also down: GOGL -3.62%, NMM -2.75%, CMRE -3.9%, ZIM -4.13%, GSL -2.03%, indicating a broader Marine Shipping pullback despite the positive partnership news.

Historical Context

5 past events · Latest: Nov 17 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Nov 17	Q3 2025 earnings	Positive	+1.2%	Strong Q3 earnings, high liquidity, buybacks, dividend, and senior notes pricing.
Nov 06	Earnings call date	Neutral	+0.6%	Announced timing and access details for Q3 2025 results and webcast.
Oct 13	Board change	Neutral	+0.5%	Director resignation with replacement on Audit Committee and no stated dispute.
Oct 09	Senior notes pricing	Neutral	-1.3%	Priced <b>$500M</b> 6.875% senior notes due 2032 for refinancing and corporate use.
Oct 06	Notes offering launch	Neutral	-0.3%	Announced intention to commence up to <b>$500M</b> senior notes due 2032.

Pattern Detected

Recent news events, including earnings, capital markets activity, and governance updates, have generally seen modest, directionally aligned price reactions, suggesting the stock tends to respond in a measured way to corporate developments.

Recent Company History

Over the past few months, Danaos reported strong Q3 2025 results with significant liquidity, low leverage, and a sizable contracted revenue backlog, alongside share repurchases and a quarterly dividend on Nov 17, 2025. The company also executed a $500M senior notes transaction in October to refinance existing debt and support general corporate purposes. Board changes in October maintained a majority of independent directors. Today’s strategic LNG partnership marks a diversification toward LNG and energy shipping alongside its core containership and dry bulk footprint.

Market Pulse Summary

This announcement highlights Danaos’s move to broaden its footprint into LNG and energy through a $5...

Analysis

This announcement highlights Danaos’s move to broaden its footprint into LNG and energy through a $50 million development equity investment and a role as preferred provider for at least six LNG carriers tied to the Alaska LNG project. The deal complements prior growth in contracted revenue and fleet expansion. Key factors to watch include project phase progress, contract finalizations for LNG shipping, and how this initiative balances with the company’s container and dry bulk operations.

Key Terms

lng, mtpa, teus

3 terms

lng technical

"to construct and operate at least six LNG carriers to deliver LNG to global"

Liquefied natural gas (LNG) is natural gas that has been cooled into a liquid so it takes up far less space for transport and storage, like turning a bulky bundle into a compact package for shipping. Investors care because LNG enables gas trade across regions without pipelines, so changes in production, export capacity, shipping, or demand can quickly affect energy company revenues, infrastructure operators and commodity prices, amplifying both opportunity and risk.

mtpa technical

"infrastructure to export 20 million tonnes per annum (MTPA) of LNG."

mtpa stands for million tonnes per annum and is a measure of how much material a facility or industry — such as mining, oil, gas, chemicals, or cement — can produce in one year. Investors care because it quantifies production capacity like a factory’s hourly output, which helps estimate potential revenue, assess supply impact on prices, and compare scale between projects or companies.

teus technical

"fleet of 75 container vessels aggregating 477,491 TEUs and 25 under construction"

TEUs (Twenty-foot Equivalent Units) measure cargo container volume by counting how many standard 20-foot containers would fit; a single 20-foot box equals 1 TEU and a 40-foot box equals 2 TEUs. For investors, TEUs are a simple gauge of how busy a shipping company, port, or terminal is—think of it like counting cars through a toll to estimate traffic—and rising or falling TEU volumes can signal changes in revenue, capacity use, and supply-chain health.

AI-generated analysis. Not financial advice.

ATHENS, Greece, Jan. 20, 2026 /PRNewswire/ -- Danaos Corporation, one of the world's largest independent owners of containerships, (the "Company") (NYSE: DAC) announced today a strategic partnership with Glenfarne Group LLC ("Glenfarne Group") to advance the Alaska LNG project.

More specifically, Danaos Corporation will make a $50 million development capital equity investment in Glenfarne Alaska Partners LLC while it will also be the preferred tonnage provider to construct and operate at least six LNG carriers to deliver LNG to global customers for Glenfarne Alaska LNG, LLC, majority owner and developer of the Alaska LNG Project.

Glenfarne is developing Alaska LNG in two financially independent phases to accelerate project execution. Phase One consists of a 765-mile, 42-inch pipeline to transport natural gas from Alaska's North Slope to meet Alaska's domestic energy needs. Phase Two will add the LNG liquefaction terminal and related infrastructure to export 20 million tonnes per annum (MTPA) of LNG.

Glenfarne became lead developer of Alaska LNG in March 2025. Since then, Glenfarne has secured preliminary commercial commitments from leading LNG buyers in Japan, Korea, Taiwan, and Thailand for 11 MTPA of LNG, and strategic partnerships that also include Baker Hughes and POSCO International. Glenfarne owns 75% of Alaska LNG and the Alaska Gasline Development Corporation owns 25%.

Glenfarne Group is a privately held global developer, owner, and operator of energy infrastructure assets that owns and operates over 60 energy assets through three core businesses: Global LNG Solutions, Grid Stability, and Renewables. Glenfarne's permitted North American LNG portfolio totals 32.8 MTPA of capacity under development in Alaska, Louisiana, and Texas.

Danaos Chief Executive Officer Dr. John Coustas commented: "As Alaska LNG opens up a major new source of North Pacific energy, Danaos is pleased to offer our shipping expertise to reliably serve customers across the region and around the world with safe, competitive LNG delivery. This transaction provides us with an opportunity to expand on our expertise in global seaborne transportation and expand the footprint of Danaos in the LNG and Energy segments."

About Danaos Corporation
Danaos Corporation is one of the largest independent owners of modern, large-size container vessels. Our current fleet of 75 container vessels aggregating 477,491 TEUs and 25 under construction container vessels aggregating 163,950 TEUs ranks Danaos among the largest container vessels charter owners in the world based on total TEU capacity. Danaos has also invested in the dry bulk sector with the acquisition of 11 capesize drybulk vessels, which on a fully delivered basis, aggregate approximately 1,943,286 DWT. Our container vessels fleet is chartered to many of the world's largest liner companies on fixed-rate charters. Our long track record of success is predicated on our efficient and rigorous operational standards and environmental controls. Danaos Corporation's shares trade on the New York Stock Exchange under the symbol "DAC".

Visit our website at www.danaos.com.

View original content:https://www.prnewswire.com/news-releases/danaos-corporation-announces-strategic-partnership-with-glenfarne-group-to-advance-the-alaska-lng-project-302665871.html

SOURCE Danaos Corporation

FAQ

What did Danaos (DAC) announce about the Alaska LNG partnership on January 20, 2026?

Danaos announced a strategic partnership with Glenfarne including a $50 million equity investment and designation as preferred tonnage provider for at least 6 LNG carriers.

How much is Danaos investing in Glenfarne Alaska Partners and what is the purpose?

Danaos is making a $50 million development capital equity investment to support the advancement of the Alaska LNG project.

How many LNG carriers will Danaos build and operate for the Alaska LNG project under the partnership?

Danaos will be the preferred tonnage provider to construct and operate at least 6 LNG carriers for Glenfarne Alaska LNG.

What export capacity does the Alaska LNG project target and what commercial commitments exist?

The project targets 20 MTPA of LNG export capacity, and Glenfarne has secured preliminary commitments for 11 MTPA from buyers in Japan, Korea, Taiwan, and Thailand.

How does the Glenfarne ownership structure of Alaska LNG affect the project?

Glenfarne owns 75% of Alaska LNG while the Alaska Gasline Development Corporation owns 25%.

What immediate operational impact does the Danaos–Glenfarne deal have on Danaos's fleet?

Danaos is committed to build and operate at least 6 LNG carriers, linking part of its fleet and future newbuild capacity to Alaska LNG deliveries.