Articles from Danaos Corporation

Danaos Corporation (NYSEDAC), one of the world’s largest independent owners of containerships, announced today that (i) it has added $616 million to its contracted revenue backlog and (ii) has added an extra five newbuilding containerships to its orderbook.

Danaos Corporation (“Danaos”) (NYSEDAC), one of the world’s largest independent owners of container vessels and drybulk vessels, today reported unaudited results for the first quarter ended March 31, 2024.

Danaos Corporation (NYSEDAC), one of the world’s largest independent owners of containerships, announced today that it will release its results for the first quarter ended March 31, 2024, before the open of the market in New York on Tuesday, May 28, 2024.

Danaos Corporation (NYSEDAC), one of the world’s largest independent owners of containerships, announced today that its Annual Report on Form 20-F for the year ended December 31, 2023 has been filed with the Securities and Exchange Commission and can be accessed on the company's website, www.danaos.com.

Danaos Corporation (“Danaos”) (NYSEDAC), one of the world’s largest independent owners of containerships, today reported unaudited results for the fourth quarter and the year ended December 31, 2023.

Danaos Corporation (“Danaos”) (NYSEDAC), one of the world’s largest independent owners of containerships, today reported unaudited results for the period ended September 30, 2023.

Danaos Corporation (NYSEDAC), one of the world’s largest independent owners of containerships, announced today that it will release its results for the third quarter ended September 30, 2023, after the close of the market in New York on Monday, November 13, 2023.

Danaos Corporation (“Danaos”) (NYSEDAC), one of the world’s largest independent owners of containerships, today reported unaudited results for the period ended June 30, 2023.

Danaos Corporation (NYSEDAC), one of the world’s largest independent owners of containerships, announced today that it will release its results for the second quarter ended June 30, 2023, before the open of the market in New York on Monday, August 7, 2023.

Danaos Corporation (“Danaos,” “we,” or “us”) (NYSEDAC), one of the world’s largest independent owners of containerships and the largest shareholder of Eagle Bulk Shipping, Inc. (the “Company” or “Eagle Bulk”) NYSE:EGLENYSEEGLE)

Danaos Corporation (“Danaos”) (NYSEDAC) announced today that Iraklis Prokopakis will retire from his executive role as Senior Vice President and Chief Operating Officer during the fourth quarter of 2023. Mr. Prokopakis, who has served in this position since 1998, will remain on the Board of Directors and will pursue his academic interests following his retirement.

Danaos Corporation (“Danaos”) (NYSEDAC), one of the world’s largest independent owners of containerships, today reported unaudited results for the first quarter ended March 31, 2023.

Danaos Corporation (NYSEDAC), one of the world’s largest independent owners of containerships, announced today that it will release its results for the first quarter ended March 31, 2023, after the close of the market in New York on Monday, May 15, 2023.

Danaos Corporation (NYSEDAC), one of the world’s largest independent owners of containerships, announced today that its Annual Report on Form 20-F for the year ended December 31, 2022 has been filed with the Securities and Exchange Commission and can be accessed on the Company's website, www.danaos.com.

Danaos Corporation (“Danaos”) (NYSEDAC), one of the world’s largest independent owners of containerships, today reported unaudited results for the fourth quarter and the year ended December 31, 2022.

Danaos Corporation (NYSEDAC), one of the world’s largest independent owners of containerships, announced today that it will release its results for the fourth quarter ended December 31, 2022, after the close of the market in New York on Tuesday, February 14, 2023.

Danaos Corporation (NYSEDAC), one of the world’s largest independent owners of containerships, today announced that it expects to repurchase $37.234 million of its 8.500% unsecured senior notes due 2028 in a privately negotiated transaction.

Danaos Corporation (“Danaos”) (NYSEDAC), one of the world’s largest independent owners of containerships, today reported unaudited results for the period ended September 30, 2022.

Danaos Corporation (NYSEDAC), one of the world’s largest independent owners of containerships, announced today that it will release its results for the third quarter ended September 30, 2022, after the close of the market in New York on Monday, November 7, 2022.

Danaos Corporation (“Danaos”) (NYSEDAC), one of the world’s largest independent owners of containerships, today reported unaudited results for the period ended June 30, 2022.

Danaos Corporation (NYSEDAC), one of the world’s largest independent owners of containerships, announced today that it will release its results for the second quarter ended June 30, 2022, after the close of the market in New York on Monday, August 1, 2022.

Danaos Corporation (“Danaos”) (NYSEDAC), one of the world’s largest independent owners of containerships, today reported unaudited results for the quarter ended March 31, 2022.

Danaos Corporation (NYSEDAC), one of the world’s largest independent owners of containerships, announced today that it will release its results for the first quarter ended March 31, 2022, after the close of the market in New York on Monday, May 16, 2022.

Danaos Corporation (NYSEDAC), one of the world’s largest independent owners of containerships, announced today that it has placed orders for four 7,200 TEU containerships. The vessels will be built at Daehan Shipbuilding in Korea and are expected to be delivered to Danaos in the first half of 2024.

Danaos Corporation (NYSEDAC), one of the world’s largest independent owners of containerships, announced today that it has placed orders for two 7,100 TEU containerships. The vessels will be built at Dalian Shipbuilding in China and are expected to be delivered to Danaos in the 2nd and 3rd quarter of 2024. The counterparties of Danaos to the shipbuilding contracts, Dalian Shipbuilding and CSTC are both subsidiaries of CSSC, one of the world’s largest shipbuilding groups.

Danaos Corporation (“Danaos”) (NYSEDAC), one of the world’s largest independent owners of containerships, today reported unaudited results for the fourth quarter and the year ended December 31, 2021.

Danaos Corporation (NYSEDAC), one of the world’s largest independent owners of containerships, announced today that it will release its results for the fourth quarter ended December 31, 2021, after the close of the market in New York on Monday, February 7, 2022.

Danaos Corporation (“Danaos”) (NYSEDAC), one of the world’s largest independent owners of containerships, announced today that Mr. Evangelos Chatzis, Chief Financial Officer and Mr. Filippos Prokopakis, Commercial Director, it will participate in Capital Link’s Company Presentation Series.

Danaos Corporation (the "Company") (NYSEDAC), one of the world’s largest independent owners of containerships, announced today that it has entered into new charter arrangements for 11 of its vessels ranging between 2,500 to 10,000 TEU with major liner companies, that significantly improve cash flow visibility and charter coverage. These charters, which have a revenue weighted average contract duration of 4.7 years commence on the expiration of the vessels’ existing charters between February 2022 and April 2023 and extend up to May 2028.

Danaos Corporation (“Danaos”) (NYSEDAC), one of the world’s largest independent owners of containerships, today reported unaudited results for the period ended September 30, 2021.

Danaos Corporation (NYSEDAC), one of the world’s largest independent owners of containerships, announced today that it will release its results for the third quarter ended September 30, 2021, after the close of the market in New York on Monday, November 8, 2021.

Danaos Corporation (the "Company") (NYSEDAC) today announced that it has entered into new charter agreements for 10 of its vessels, including one 8,500 TEU vessel, three 3,400 TEU vessels and six 2,200 vessels, for charter periods ranging from 3 to 4 years. The charters will commence as existing charters expire between January and August of 2022. The new charters increase the Company’s contracted revenue backlog by approximately $378 million, or 21.5% compared to the Company’s $1.75 billion backlog as of June 30, 2021 and increase contracted EBITDA by approximately $280 million.

Danaos Corporation (“Danaos”) (NYSEDAC), one of the world’s largest independent owners of containerships, today reported unaudited results for the period ended June 30, 2021.

Danaos Corporation (NYSEDAC), one of the world’s largest independent owners of containerships, announced today that it will release its results for the second quarter ended June 30, 2021, after the close of the market in New York on Monday, August 2, 2021.

Danaos Corporation (the "Company") (NYSEDAC) today announced that it has entered into an agreement to acquire six 5,466 TEU container vessels built at Hanjin Subic Bay shipyard en bloc for $260 million (the “Acquisition”). The vessels, which have an average age of 6.8 years, are on time charter contracts to leading liner companies with a weighted average charter duration of approximately 2 years.

Danaos Corporation (the "Company") (NYSEDAC) today announced that it has exercised its option to acquire the remaining equity interests in its joint venture Gemini Shipholdings Corporation ("Gemini"). The purchase price for the 51% of Gemini not already owned by the Company is $86.7 million in cash, while the net cash outflow for the Company will be approximately $72.3 million, which is the purchase price net of $14.4 million of the Gemini cash balance on June 30, 2021.

Danaos Corporation (“Danaos”) (NYSEDAC) announced today that its Board of Directors (the “Board”) has approved a dividend reinvestment plan (the “plan”). The plan offers holders of Danaos common stock the opportunity to purchase additional shares by having their cash dividends automatically reinvested in Danaos common stock. Participation in the plan is optional, and stockholders who decide not to participate in the plan will receive cash dividends, as declared and paid. All dividends with respect to Danaos’s common stock are payable only when, as and if declared by the Board.

Danaos Corporation (“Danaos”) (NYSEDAC), one of the world’s largest independent owners of containerships, today reported unaudited results for the quarter ended March 31, 2021.

Danaos Corporation (NYSEDAC), one of the world’s largest independent owners of containerships, announced today that it will release its results for the first quarter ended March 31, 2021, after the close of the market in New York on Monday, May 10, 2021.

Danaos Corporation (the “Company”) (NYSEDAC) announced today the consummation of its previously announced $1.25 billion refinancing of a substantial majority of its outstanding senior secured indebtedness. On April 12, 2021, the Company refinanced all of the outstanding indebtedness, which aggregated $1.3 billion as of December 31, 2020, under nine of the Company’s senior secured credit facilities, with the proceeds from a $815 million senior secured credit facility with Citibank N.A. and National Westminster Bank plc who have been lenders to the Company for more than 30 years, a $135 million sale leaseback agreement with Oriental Fleet International Company Limited, an affiliate of COSCO Shipping Lease Co., Ltd., with respect to five vessels, and the net proceeds of the Company’s February 2021 offering of $300 million of 8.500% Senior Secured Notes due 2028.

Danaos Corporation (NYSEDAC), one of the world’s largest independent owners of containerships, is saddened to report the passing of Robert A. Mundell, who served as an invaluable member of Danaos’ Board of Directors from 2006, when the company went public, through 2015.