Danaos Corporation (NYSE:DAC)
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Open: Tue April 13, 2021 1:30 PM
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.
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