Company Profile

Danaos Corporation(DAC:NYSE)

Danaos Corporation (NYSE:DAC)

Stock data as of

Last: 50.8
Change: 54.12(1618320600%)
Vol: 426500
Open: Tue April 13, 2021 1:30 PM
Low: 0
High: -3.32
Mkt: 1149.252

About Danaos Corporation

Danaos Corp. engages in the provision of marine and seaborne transportation services. The company is headquartered in Peiraias, Attiki and currently employs 1,148 full-time employees. The company went IPO on 2006-10-06. The firm's principal business is the acquisition and operation of vessels. The firm conducts its operations through the vessel owning companies, whose principal activity is the ownership and operation of containerships that are under the management of a related party of the company. The firm's manager is Danaos Shipping Company Limited (Danaos Shipping). The firm has a fleet of over 50 containerships aggregating approximately 329,590 twenty-foot equivalent units (TEUs). Its containership fleet includes approximately 53 containerships deployed on time charters and approximately two containerships deployed on bareboat charter. Gemini Shipholdings Corporation (Gemini), a company beneficially owned by the Company, owns approximately four additional containerships of over 24,000 TEU aggregate capacity.

Recent News

3 Shipping Stocks to Tide Over Coronavirus-Led Industry Hurdles

Tue, 13 Apr 2021 12:53:24 -0400 - 3 Shipping Stocks to Tide Over Coronavirus-Led Industry Hurdles

Container shipping is about to report blockbuster Q1 earnings

Mon, 12 Apr 2021 17:24:54 -0400 - Listed container-ship owners and operators won't report final Q1 results for another month, but three early disclosures give a taste of what's to come. The signals are flashing bright green.

Danaos Corporation Announces Consummation of Debt Refinancing

Mon, 12 Apr 2021 16:30:00 -0400 - ATHENS, Greece--(BUSINESS WIRE)--Danaos Corporation (the “Company”) (NYSE: DAC) 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 fa

Danaos Corporation Mourns the Passing of Former Board Member Robert Mundell

Wed, 07 Apr 2021 07:26:00 -0400 - ATHENS, Greece--(BUSINESS WIRE)--Danaos Corporation (NYSE: DAC), 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. From 1974 until his recent passing, Mr. Mundell was a professor in the economics department at Columbia University in New York, where he held Columbia's highest academic rank of University Prof

5 Stocks With Recent Price Strength as Markets Move Northward

Wed, 31 Mar 2021 07:34:42 -0400 - Investors target stocks that are witnessing a bullish run. Actually, stocks seeing price strength like VRTV, DAC, GPX, MARA and MT have a high chance of carrying the momentum forward.

Top Stock Picks for Week of March 29, 2021

Mon, 29 Mar 2021 16:38:15 -0400 - Top Picks for Investors Interested in the Shipping and Medical Space.

Is Danaos (DAC) Stock Outpacing Its Transportation Peers This Year?

Mon, 29 Mar 2021 12:06:04 -0400 - Is (DAC) Outperforming Other Transportation Stocks This Year?

Shipping, Containers And Energy Are Potential Beneficiaries From Suez Blockade

Thu, 25 Mar 2021 13:12:39 -0400 - The Suez Canal blockade is potentially worse than Bloomberg and other financial media currently report. There's consensus a longer-duration blockade could be disruptive.

Danaos (DAC) Hits Fresh High: Is There Still Room to Run?

Mon, 22 Mar 2021 09:50:05 -0400 - Danaos (DAC) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Danaos: Revisiting My Original Thesis And Finding Further Upside

Mon, 22 Mar 2021 09:11:18 -0400 - Danaos has appreciated 600%+ since I first wrote about it. The trends of rising charter rates and lower debt costs have only accelerated.