Wednesday, July 14, 2021
containership sailing

Danaos Acquires Six Secondhand Containerships for $260 Million

Greek containership owner and charterer Danaos Corporation (NYSE: DAC) has entered into an agreement to acquire six 5,466 TEU containerships on the secondhand market. The “eco-design wide beam ships” have...

July 14, 2021
Total Views: 2006

Friday, July 2, 2021

Danaos Takes Full Stake in Five-Ship Gemini Joint Venture

Greek containership owner Danaos (NYSE: DAC) has exercised its option to acquire the remaining 51% equity in its joint venture Gemini Shipholdings Corporation. Gemini owns a fleet of five containerships...

July 2, 2021
Total Views: 1325

Thursday, February 18, 2021

Danaos Sees ‘Outstanding Turnaround’ as Liner Profitablity Boom Continues

By Mike Wackett (The Loadstar) – Ocean carriers and containership owners are in the midst of the richest vein for the liner sector in over a decade.  The shipping lines are confidently predicting record...

February 18, 2021
Total Views: 1788

Thursday, January 28, 2021
Ship Stonks

Shipping Stonks Like RIG Get Lifted In Rising Tide Of Troubled Companies Like Gamestop

by Captain John Konrad (gCaptain) In May 2020 I wrote an article sharing the fact that Transocean ($RIG) was the biggest loser stock of the last decade. At the time...

January 28, 2021
Total Views: 5401

Monday, November 9, 2020
container port

Danaos a Big Winner as Containership Charter Rates Soar

By Mike Wackett (The Loadstar) – With freight rates soaring, ocean carriers are prepared to pay more than double previous daily hire rates for chartered ships to secure tonnage and...

November 9, 2020
Total Views: 640

Wednesday, February 12, 2014
Maritime News

Danaos Takes $19 Million Hit After Zim Restructure, but Sails Into the Black in 2013

By Mike Wackett, Greek containership owner Danaos Corporation has revealed more details of its agreement with restructured ocean carrier Zim, which saw the NYSE-listed shipowner write off $19m in its...

February 12, 2014
Total Views: 88

Monday, November 4, 2013
hyundai tenacity containership

Leasing Giant New Ships and Containers Remains a Healthy Business Amid a Dismal Sector

By Gavin van Marle, There have been few sectors of the liner shipping business that have done well over the past few years, but businesses leasing both containerships and containers...

November 4, 2013
Total Views: 87

Tuesday, February 12, 2013
danaos corporation

Danaos Reports 2012 Financials, German Containership Owner Shoots Par

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...

February 12, 2013
Total Views: 3

Monday, November 5, 2012
danaos corporation

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

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...

November 5, 2012
Total Views: 5

Tuesday, July 31, 2012
hyundai tenacity containership

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

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...

July 31, 2012
Total Views: 3

Monday, July 9, 2012
danaos containerships shipping

Danaos’ Fleet of Containerships Expands with Latest 13,100 TEU Monster, Hyundai Ambition

ATHENS – Greek containership owner, Danaos Corporation (NYSE: DAC), announced today that on June 29, 2012, it took delivery of its fifth and final 13,100 containership, the HYUNDAI AMBITION, expanding...

July 9, 2012
Total Views: 4