Danaos Reports 2012 Financials, German Containership Owner Shoots Par

danaos corporation

*+-Danaos Corporation, a Athens-based containership owner announced their 2012 year end financial results today. It was a challenging year for the global container ship market as supply outpaced demand by almost 3 percent, however through effective cost-cutting measures, Danaos maintained profits at almost exactly the same levels seen in 2011. Danaos’ CEO Dr. John Coustas […]

Container Rate Increases Have Worked for Danaos, CEO John Costas Comments

danaos corporation

*+-With a fleet of 64 containerships aggregating 363,049 TEUs, Athens-based Danaos Corporation (NYSE: DAC) ranks among the largest containership charter owners in the world based on total TEU capacity and their vessels are chartered to many of the world’s largest liner companies. Chief Executive Dr. John Coustas commented today on their newly-released 9 months earnings report: The company’s […]

Danaos Stays in the Black While Market Uncertainty Holds the Containership Sector in Limbo

hyundai tenacity containership

*+-With an average contract duration of over 10 years, Greek containership owner, Danaos Corporation (NYSE: DAC) is largely protected from the fluctuations found within the spot containership market.  Cautious optimism seemed to be the message within their Q2 financial report released yesterday. “The container market experienced a stagnation during this quarter and now, although demand […]