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) will release its fourth quarter results for the period ending December 31, 2021, on February 7, 2022, after market close in New York. A conference call to discuss these results is scheduled for February 8, 2022, at 9:00 A.M. ET. Participants can join the call via U.S. and U.K. toll-free numbers or standard international dial-in. A live audio webcast will also be available on the company’s website, with an archived version accessible within 48 hours. Danaos, a leading independent owner of containerships, operates a fleet of 71 vessels with a total TEU capacity of 436,589.
Danaos Corporation (NYSE: DAC), a leading owner of containerships, will have its senior management team, including CFO Evangelos Chatzis and Commercial Director Filippos Prokopakis, participate in Capital Link’s Company Presentation Series on January 24, 2022, at 11:00 am EST. The presentation will cover the company's operations, business development, and sector outlook. Interested participants can register for the webinar and submit questions. Danaos operates a fleet of 71 containerships, ranking among the largest charter owners globally.
Danaos Corporation (NYSE: DAC) announced new charter agreements for 11 vessels, enhancing cash flow visibility and increasing the contracted revenue backlog by approximately
Danaos Corporation (NYSE: DAC) reported strong financial results for Q3 2021, with adjusted net income increasing by 131.5% to $109.5 million ($5.32 per share) compared to $47.3 million in Q3 2020. For the nine months ending September 30, 2021, adjusted net income rose to $236.4 million ($11.49 per share), a 92.0% increase year-over-year. Operating revenues soared by 64.8% in Q3, reaching $195.9 million, while total contracted operating revenues stood at $2.1 billion with 100% charter coverage for 2021. Danaos declared a $0.50 per share dividend, payable on December 2, 2021.
Danaos Corporation (NYSE: DAC) will announce its third quarter results for 2021 on November 8, 2021, after market close. A conference call is scheduled for November 9, 2021, at 9:00 A.M. ET. Interested participants can join by calling various toll-free numbers. A replay will be available until November 16, 2021. Danaos operates a fleet of 71 containerships, aggregating 436,589 TEUs, making it one of the largest independent containership owners globally. Further details can be found on their website.
Danaos Corporation (NYSE: DAC) announced new charter agreements for 10 vessels, boosting its revenue backlog by approximately $378 million, an increase of 21.5% compared to $1.75 billion as of June 30, 2021. The charters, ranging from 3 to 4 years, enhance contracted EBITDA by around $280 million. CEO Dr. John Coustas highlighted that the company has secured 100% charter coverage for 2021 and 89% for 2022, citing improved earnings and cash flow visibility. Danaos remains focused on maximizing profitability and shareholder value.
Danaos Corporation (NYSE: DAC) reported significant financial growth for Q2 and the first half of 2021. Adjusted net income surged to $68.9 million ($3.34/share), up 62.1% YoY, while operating revenues rose 25.3% to $146.4 million. For H1 2021, adjusted net income increased 67.4% to $126.9 million ($6.17/share), with total contracted operating revenues reaching $1.75 billion. The company declared a dividend of $0.50 per share, payable August 30, 2021, while enhancing liquidity through bond redemptions and asset sales. Danaos remains optimistic about future growth opportunities amid a strong containership market.
Danaos Corporation (NYSE: DAC), a leading independent owner of containerships, will announce its second-quarter results for the period ending June 30, 2021, on August 2, 2021, after market closure. A conference call discussing these results is scheduled for August 3, 2021, at 9:00 A.M. ET. Interested participants can join via U.S., U.K., or international dial-in numbers. The call will also be available via a live audio webcast on the company's website, with a replay accessible until August 10, 2021. Danaos operates a fleet of 65 containerships with a total capacity of 403,793 TEUs.
Danaos Corporation (NYSE: DAC) has announced the acquisition of six 5,466 TEU container vessels for $260 million, set to enhance its contracted revenue by approximately $71 million and EBITDA by $39 million. The vessels, averaging 6.8 years old, come with a charter duration of about 2 years. This deal, funded by cash on hand, positions Danaos to leverage its strong balance sheet for growth, with the acquisition expected to be immediately accretive. The eco-designed vessels will be delivered by Q3 2021, promising improved efficiency compared to traditional models.
Danaos Corporation (NYSE: DAC) has announced the exercise of its option to acquire the remaining 51% equity in Gemini Shipholdings Corporation for $86.7 million. The net cash outflow will amount to approximately $72.3 million after accounting for Gemini's cash balance. Gemini's fleet consists of five containerships with a total capacity of 32,531 TEU, all under time charters for the next 12 months. The acquisition is expected to boost Danaos' contracted revenue by $160 million and EBITDA by $117 million, further consolidating its position as a leading containership owner.