Danaos Corporation Stock News

Danaos boasts a $3.7 billion revenue backlog, providing nearly four years of cash flow visibility and strong charter coverage into 2026. Management has secured premium, long-term rates for all newbuild containerships, supporting predictable growth and high returns. Share repurchases have accelerated and the stock trades at a steep discount to book value, making the risk-reward highly attractive.

Danaos trades at less than half of book value despite having minimal net debt, with strong earnings visibility through 2028 due to $3.7 billion of contracted revenues. Danaos has recently become more aggressive with share repurchases, buying back over $50 million through May 14th of this year, ~5% of the float! The containership market has strengthened significantly lately, providing Danaos a g...

Danaos maintains a well-diversified fleet of vessels, with at most 23% of the vessels belonging to a single class. Hapag-Lloyd and PIL are Danaos' main clients, but they represent only 18% of contracts in each case. Danaos will embark on a fleet expansion that will increase capacity by 128,220 TEUs by 2028.

Danaos Corporation, Inc. (NYSE:DAC ) Q1 2025 Earnings Conference Call May 14, 2025 9:00 AM ET Company Participants Evangelos Chatzis - VP, CFO, Treasurer & Secretary John Coustas - Chairman, President & CEO Conference Call Participants Omar Nokta - Jefferies Operator Good day, and welcome to the Danaos Corporation conference call to discuss the financial results for the 3 months ended March 31,...

ATHENS, Greece , May 13, 2025 /PRNewswire/ -- Danaos Corporation ("Danaos") (NYSE: DAC), one of the world's largest independent owners of container vessels and drybulk vessels, today reported unaudited results for the three-month period ended March 31, 2025. Financial Summary Three Months Ended March 31, 2025 and Three Months Ended March 31, 2024  Unaudited ( Expressed in thousands of United St...

Shipping expert J Mintzmyer discusses the current volatility in the shipping sector, and the impact of geopolitical events and tariffs on container ships and tankers. Tanker stocks are particularly attractive due to strong rates and geopolitical factors, while container ship stocks face significant challenges from tariffs and reduced trade volumes.

ATHENS, Greece , May 8, 2025 /PRNewswire/ -- Danaos Corporation (NYSE: DAC), 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, 2025, after the close of the market in New York on Tuesday, May 13, 2025. The Company's management team will host a conference call to discuss the results on Wednesday,...

ATHENS, Greece , April 14, 2025 /PRNewswire/ -- Danaos Corporation (NYSE: DAC) announces that its Board of Directors has approved the upsizing of its common stock repurchase program by an additional $100 million. The Company has already executed on share repurchases of approximately $196 million out of the $200 million existing share repurchase program that is now being upsized to a total of $3...