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) maintains its position as a leading owner and operator of container and drybulk vessels through strategic fleet management and long-term charters. This news hub provides investors with essential updates on operational developments, financial disclosures, and maritime industry trends directly impacting the company.
Access consolidated reports covering quarterly earnings, vessel acquisitions, charter agreements, and sustainability initiatives. Our coverage emphasizes DAC's dual-segment strategy in container shipping and drybulk transportation, offering insights into how the company navigates global trade dynamics.
Key updates include newbuild deliveries, charter rate negotiations, and operational efficiency metrics. Bookmark this page for real-time notifications about fleet expansions, partnership announcements, and regulatory compliance developments affecting maritime logistics.
Danaos Corporation (NYSE: DAC) has filed its Annual Report on Form 20-F for the fiscal year ending December 31, 2022, with the Securities and Exchange Commission. The report can be accessed on the company's website. Danaos is noted for being one of the largest independent owners of containerships, managing a fleet of 68 vessels with a total capacity of 421,293 TEUs, plus 6 new ships under construction. The company's charter agreements are largely fixed-rate with major liner companies, emphasizing its strong operational standards and environmental controls.
Danaos Corporation (NYSE: DAC) reported robust financial results for Q4 and the year ended December 31, 2022, showcasing a significant increase in adjusted net income of $141.6 million ($6.99 per share) for Q4, up 12.6% YoY, and $711 million ($34.68 per share) for the year, up 96.2% YoY. Operating revenues reached $252.5 million for Q4 and $993.3 million annually, marking increases of 17.4% and 44.1% respectively. The company has declared a quarterly dividend of $0.75 per share, payable March 14, 2023. Despite a strong performance, CEO Dr. John Coustas warned of declining container market conditions ahead, with challenges anticipated in 2023.
Danaos Corporation (NYSE: DAC) will announce its fourth-quarter results for the period ending December 31, 2022, after market close on February 14, 2023. A conference call discussing these results is scheduled for February 15, 2023, at 9:00 A.M. ET. Participants can join by dialing specific numbers or listening via a live audio webcast on the company's website. Danaos operates one of the largest fleets of containerships, with a total of 68 vessels and an additional 6 under construction, providing fixed-rate charters to major liner companies worldwide.
FAQ
What is the current stock price of Danaos Corporation (DAC)?
What is the market cap of Danaos Corporation (DAC)?
