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.
Danaos Corporation (NYSE: DAC) reported strong financial results for Q2 2020, with adjusted net income increasing by 23.9% to $42.5 million, or $1.71 per share. Operating revenues rose 4.0% to $116.8 million, despite a slight decline in revenue for the first half of the year. The company maintains a robust charter backlog of $1.2 billion and 85% charter coverage for the next 12 months. CEO Dr. John Coustas noted improving demand and charter rates in the container shipping market, amid challenges posed by the COVID-19 pandemic.
Danaos Corporation (NYSE: DAC), a leading independent containership owner, announced it will release its second-quarter results for the period ending June 30, 2020, on August 3, 2020, after market close. Following the announcement, a conference call will be held on August 4, 2020, at 9:00 A.M. ET to discuss the results. Participants can join via specific toll-free numbers or an audio webcast available on the company's website, which will also host a replay of the call until August 11, 2020.