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Danaos Corp. (Marshall Islands)

Main Activities: Deep Sea Freight Transportation
Full name: Danaos Corp. Profile Updated: August 23, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

The Company s activity is vessels operate worldwide, carrying containers and dry cargo for many of the world s leading charterers. The Company manages its operations from its offices in Piraeus, Greece.
The Company is an international owner of containerships, chartering its vessels to many of the world's largest liner companies.
The Company seeks to remain the premier choice of global seaborne container transportation for its clients by utilizing its solid operational, technical and financial infrastructure.
The Company will continue to provide outstanding customer service, enforce rigorous operational standards, maintain a steadfast commitment to safety and environmental protection, and reward its shareholders.
The Company was listed on Boerse Berlin and Deutsche Boerse
History :
1981 : By 1981, Dimitris Coustas had reduced the company's fleet to a single vessel, John, named after his son.
1984 : He proceeded to order three new vessels, which were delivered in 1984.
1986 : In 1986, Danaos Management Consultants was co-founded by Dr. John Coustas. This company has been responsible for the creation of innovative and dynamic vessel navigation and management systems that are deployed throughout the industry.
1987 : In 1987, Dimitris Coustas appointed his son, Dr. John Coustas as Managing Director and CEO of Danaos. Dimitris remained involved in the company as a non-executive advisor until the age of 82, when he retired in his country house at the seaside of Porto Rafti, outside Athens.
1998 : The Company was established under the name Danaos Holdings Limited and was formed on December 7,1998 under the laws of Liberia and is presently the sole owner of all outstanding shares of the companies listed below. The Company was redomiciled in the Marshall Islands on October 7, 2005. In connection with the redomiciliation, the Company changed its name to Danaos Corporation.
2005 : On October 14, 2005, the Company filed and the Marshall Islands accepted Amended and Restated Articles of Incorporation.
2006 : On October 6, 2006, The Company began trading on the New York Stock Exchange under the symbol ‘DAC.'

Headquarters
14, Akti Kondyli, Piraeus
Athens; Attica; Postal Code: 18545

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Website: http://www.danaos.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1998
Key Executives
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President
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Chief Financial Officer
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Chief Operating Officer
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Vice Chairman
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Director/Member of the Board
Subsidiaries
Actaea Company Limited (Liberia)
Asteria Shipping Company Limited
Auckland Marine Inc. (Liberia)
Company Performance
Financial values in the chart are available after Danaos Corp. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency USD. Absolute financial data is included in the purchased report.
Net sales revenue
3.03%
Total operating revenue
3.7%
Operating profit (EBIT)
-6.61%
EBITDA
-3.83%
Net Profit (Loss) for the Period
-0.54%
Total assets
16.13%
Total equity
17.48%
Operating Profit Margin (ROS)
-5.9%
Net Profit Margin
-2.09%
Return on Equity (ROE)
-1.61%
Debt to Equity Ratio
2.43%
Quick Ratio
1.49%
Cash Ratio
0.94%

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