Danaos Corporation's SEC filings document its foreign-private-issuer reporting, fleet economics, capital structure, and governance as a shipping company focused on container vessels and drybulk vessels. Form 6-K reports include operating and financial reviews, unaudited condensed consolidated financial statements, containership newbuilding and charter backlog disclosures, material press releases, and board and audit committee changes.
Debt-related filings describe senior unsecured notes due 2032, the related indenture, trustee and payment mechanics, and incorporation by reference into Form F-3 and Form S-8 registration statements. Annual Form 20-F materials address audited financial statements and shareholder reporting for the company.
Danaos Corporation (DAC) is exploring a carve-out and sale of a minority stake in its dry bulk segment, and has mandated investment banking firms to advise on a potential equity placement and listing in the Norwegian market. Danaos described the effort as part of its broader strategy focused on value creation and shareholder returns.
Danaos said there can be no assurance that a transaction or listing will be pursued or completed, or as to its terms or timing. The announcement does not constitute an offer to sell or a solicitation to buy securities.
Danaos Corporation reported strong first-half 2026 results, with net income of $292.2 million and operating revenues of $528.1 million. Adjusted EBITDA rose to $367.4 million and net cash provided by operating activities to about $367.5 million, supported by higher drybulk Time Charter Equivalent rates and disciplined vessel operating costs.
As of June 30, 2026, the company held $1,008.3 million of cash against $1,232.7 million of debt and $4,307.6 million of contracted charter revenues. It has $1,807.2 million of newbuilding commitments through June 2029 and significant undrawn bank and lease facilities, while continuing $0.90-per-share quarterly dividends and share repurchases. Stockholders re-elected and reclassified directors, ratified Deloitte as auditor, and management and commercial agreements with related managers were extended to December 31, 2027 with unchanged fees.
Danaos Corporation will hold its 2026 Annual Meeting of Stockholders on July 31, 2026, at 10:00 a.m. Greek local time at its manager’s offices in Piraeus, Greece. Holders of common stock at the close of business on June 9, 2026 may vote.
Stockholders are asked to elect two Class II directors, Iraklis Prokopakis and Petros Christodoulou, to terms ending in 2029 and to ratify Deloitte Certified Public Accountants S.A. as independent auditors for the year ending December 31, 2026. Voting can be done via Internet, telephone, or mailed proxy card.
The proxy statement outlines Danaos’ six-member classified board, NYSE-style governance policies as a foreign private issuer and controlled company, and detailed executive and director compensation, including 2025 executive cash pay of $2.6 million, a one-off bonus of $4.8 million and share-based compensation of $9.8 million. The accompanying Form 20-F describes a fleet of 75 containerships and 11 Capesize drybulk vessels, plus newbuilds on order.
Danaos Corporation reported solid first‑quarter 2026 results with higher profitability despite flat revenue. Operating revenues were $253.7 million, nearly unchanged from $253.3 million a year earlier, but net income rose to $140.4 million from $115.1 million as costs declined and investment income increased.
Container revenue dipped slightly due to lower charter rates and non‑cash revenue effects, while drybulk revenue jumped 40.9% to $24.1 million on a sharply higher time‑charter equivalent rate of $24,825 per day. Adjusted EBITDA increased 5.2% to $180.6 million, and cash from operations grew to $163.1 million.
Danaos continued to reshape its balance sheet, fully repaying $262.8 million of 8.5% senior notes and prepaying $213.8 million under a syndicated facility, leaving $1,046.3 million of debt and $876.2 million of cash as of March 31, 2026. The company maintains a large contracted revenue backlog of $4,056.4 million and significant newbuilding commitments of $1,850.6 million through 2030, while returning capital via $0.90 per‑share quarterly dividends and ongoing share repurchases.
Danaos Corp executive Dimitrios Vastarouchas, who serves as Vice President and Chief Operating Officer, filed an initial Form 3 as an insider of the company. This filing establishes his status as a reporting person at Danaos Corp but does not report any specific share transactions or option exercises.
Danaos Corp director Richard Lindsay Sadler has filed a Form 3, which is an initial statement of beneficial ownership for insiders. The data provided shows no reported buy, sell, acquisition, or disposition transactions, indicating this filing is purely declarative rather than reflecting recent trading activity.
Danaos Corp director reports initial share holdings
Director Prokopakis Iraklis filed an initial ownership report showing beneficial ownership of 194,693 shares of Danaos Corp common stock held directly. This Form 3 does not disclose any recent purchase or sale activity, only the existing ownership position.
Danaos Corp executive Filippos Prokopakis, the Chief Commercial Officer, filed an initial insider ownership report. The Form 3 shows he holds 4,001 shares of Danaos Corp common stock directly. This filing records his starting equity position as a company officer and does not reflect any recent share purchases or sales.
Danaos Corp director Pampoukis Charalampos has filed an initial insider ownership report on Form 3. The filing identifies him as a director of Danaos Corp but does not report any share purchases, sales, gifts, or derivative positions within this filing.
Danaos Corp director Myles R. Itkin has filed an initial statement of beneficial ownership on Form 3. The filing reports that he directly holds 4,000 shares of Danaos Corp common stock following the reported holdings, establishing his starting equity position as a company director.