Danaos Corporation reports news as a NYSE-listed shipping company that owns modern, large-size containerships and has expanded into drybulk vessels. Its updates commonly cover quarterly and annual results, conference calls, Form 20-F availability, and segment reporting for container vessels and drybulk vessels.
Company developments also address fleet composition, containership newbuilding orders, capesize and Newcastlemax drybulk investments, fixed-rate charters with major liner companies, contracted revenue backlog, and financing or strategic initiatives tied to maritime transportation assets.
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 (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.
Danaos Corporation (NYSE:DAC), a major independent container and drybulk vessel owner, reported Q2 2025 results with net income of $130.9 million ($7.12 per diluted share), compared to $141.2 million in Q2 2024. Operating revenues increased to $262.2 million, up from $246.3 million year-over-year.
The company's contracted revenue backlog stands at $3.6 billion with 99% charter coverage for 2025. The fleet expanded to 74 container vessels and 10 drybulk vessels, with 16 newbuilding containerships on order for delivery through 2028. Danaos maintains strong liquidity with $924.1 million in cash and marketable securities, and has repurchased $205.7 million in shares under its $300 million buyback program.
The company declared a quarterly dividend of $0.85 per share, payable August 28, 2025.
Danaos Corporation (NYSE: DAC), a leading independent containership owner, has scheduled its Q2 2025 earnings release for Monday, August 4, 2025, after market close. The company will host a conference call to discuss results on Tuesday, August 5, 2025, at 9:00 A.M. ET.
Danaos currently operates a substantial fleet of 74 containerships with a total capacity of 471,477 TEUs, plus 16 vessels under construction adding 134,234 TEUs. The company has also expanded into the drybulk sector with 10 Capesize vessels totaling 1,760,861 DWT. Their vessels are chartered to major liner companies on fixed-rate terms.