DANAOS

Container-ship owners in crossfire as liners slash service

container ship

Container-ship lessors represent one of the most crowded segments in the U.S.-listed shipping arena – and one of the most highly leveraged to COVID-19.

Such owners, known as “tonnage providers,” lease vessels for varying lengths of time to liner companies, which use chartered ships to complement their owned fleets. 

If global consumer demand rebounds robustly, stocks of tonnage providers should surge. If there’s an extended downturn, they face years of pain.

Liners have heavily “blanked”...

https://www.freightwaves.com/news/box-ship-owners-in-crossfire-as-liners-slash-service

We are ‘well insulated’ from this charter market crash’, says Danaos CEO

Short-term containership charter rates have plunged by up to 40% since the beginning of the year, as ocean carriers rush to off-hire surplus tonnage.
Shipowners are again coming under pressure to adjust charter party daily hire rates for long-term fixtures, in a repeat of the abnormal discounts seen before the 2016 Hanjin bankruptcy.
“Liner companies have addressed the drop in volumes brought on by the pandemic by cancelling sailings and idling capacity. …

The post We are ‘well insulated’ from...

https://theloadstar.com/we-are-well-insulated-from-this-charter-market-crash-says-danaos-ceo/

Container charter market goes ‘from one extreme to the other’ as enquiries dry up

With the major east-west liner tradelanes grinding to a halt due to the impact of coronavirus on manufacturing and transport, in China the box ship charter market is starting to feel the pinch.
According to the latest Alphaliner review, ocean carriers are endeavouring to redeliver as much tonnage as possible to owners as the number of blanked sailings increases daily.
Owned tonnage is being idled at ports around the world and carriers …

The post Container charter market goes ‘from one extreme to...

https://theloadstar.com/container-charter-market-goes-from-one-extreme-to-the-other-as-enquiries-dry-up/

Dimitris Theodossiou receives the SMART4SEA Personality Award

SAFETY4SEA is pleased to announce that Mr. Dimitris Theodossiou, Managing Director, DANAOS Management Consultants S.A has received the 2020 SMART4SEA Personality Award, sponsored by SQEMARINE, at a prestigious award ceremony which successfully concluded on January the 28th at the Yacht Club of Greece in Athens, the evening ahead of the 2020 SMART4SEA Forum.

Mr. Dimitris Theodossiou, Managing Director, DANAOS Management Consultants S.A, received the award for his valuable contribution to the...

https://safety4sea.com/dimitris-theodossiou-receives-the-smart4sea-personality-award/

Σε «ασφαλή ύδατα» η Danaos Corporation το Q3

Η Danaos Corporation Inc. ανακοίνωσε τα οικονομικά αποτελέσματα για το γ΄ τρίμηνο του 2019, σύμφωνα με τα οποία τα καθαρά κέρδη κινήθηκαν σε ελαφρώς υψηλότερα επίπεδα σε σχέση με τα περσινά, ωθούμενα από τα χαμηλότερα λειτουργικά και χρηματοοικονομικά έξοδα, παρά τη μικρή κάμψη στον κύκλο εργασιών.

Αναλυτικότερα, ο κύκλος εργασιών για το γ΄ τρίμηνο ανήλθε σε $111,8 εκατ., χαμηλότερα κατά 5,1% σε σχέση με πέρυσι ($117,8 εκατ. το γ΄ τρίμηνο του 2018), ενώ τα εναρμονισμένα καθαρά κέρδη έφτασαν τα...

https://www.naftikachronika.gr/2019/11/10/se-asfali-ydata-i-danaos-corporation-to-q3/

Box trade demand will finally surpass supply growth in 2020, says Danaos

Athens-based non-operating containership owner Danaos Corporation said today it expected container trade demand would surpass supply growth next year.
During its third-quarter results presentation, chief executive John Coustas was bullish on the sector’s outlook, attributing the improving prospects to a combination of low orderbooks and the indirect windfalls for shipowners from the IMO’s 0.5% sulphur cap on marine fuel that comes into effect on 1 January.
“We are aligned with the shipping …

The...

https://theloadstar.com/box-trade-demand-will-finally-surpass-supply-growth-in-2020-says-danaos/

Bullish Danaos reports hike in revenue and healthier charter market for larger ships

Greek non-operating containership owner Danaos Corporation has reported a “significant improvement” in the charter market for vessels over 5,500 teu.
It also noted a “slight” improvement for smaller ships.
Danaos owns a fleet of 55 containerships, mostly on long-term charters to ocean carriers, ranging in size from 2,200 teu to 13,100 teu.
Net income in the first quarter was $38.6m, compared with $28m in Q1 2018, mostly attributed to a $7.7m decrease in …

The post Bullish Danaos reports hike in...

https://theloadstar.com/bullish-danaos-reports-hike-in-revenue-and-healthier-charter-market-for-larger-ships/

Danaos reports first quarter financial results

Danaos Corporation (“Danaos”), one of the world’s largest independent owners of containerships, reported unaudited results for the quarter ended March 31, 2019.

Highlights for the First Quarter Ended March 31, 2019:

  • Adjusted net income1 of $38.6 million, or $2.53 per share2, for the three months ended March 31, 2019 compared to $28.0 million, or $3.56 per share2, for the three months ended March 31, 2018, an increase of 37.9%.
  • Operating revenues of $112.9 million for the three months ended March...

https://container-news.com/danaos-reports-first-quarter-financial-results/

Supply chain radar: Is the end near for Danaos Corporation?

On 28 November 2016, Danaos Corporation (DAC) received my full attention, as financial troubles mounted at Rickmers Maritime Trust (RMT), which then appeared to be the likely next casualty in the ocean shipping supply chain after the demise of Hanjin Shipping.
Look at the share price trends of DAC since I wondered whether a modern Greek tragedy was on its way.
Unfortunately, Rickmers didn’t make it – “the recent recovery in the containership …

The post Supply chain radar: Is the end near for...

https://theloadstar.com/supply-chain-radar-is-the-end-near-for-danaos-corporation/

Η Danaos Corporation προχωρά σε reverse split για τη μετοχή της

Η Danaos Corporation ανακοίνωσε την Δευτέρα 22 Απριλίου ότι θα προχωρήσει σε reverse split για την μετοχή της σε αναλογία 1 προς 14 από τον Μάιο μετά τις σχετικές εγκρίσεις από το ΔΣ της εταιρείας.

Κατά συνέπεια από τις 2 Μαΐου 2019, ο αριθμός των κοινών μετοχών της εισηγμένης εταιρείας στο χρηματιστήριο της Νέας Υόρκης θα μειωθεί από τα 213,4 εκατ. στα 15,2 εκατ.

Σύμφωνα με την σχετική ανακοίνωση, η εταιρεία με την κίνηση αυτή προσβλέπει στο να αυξήσει την τιμή της μετοχής της μετά τη σχετική...

https://www.naftikachronika.gr/2019/04/25/i-danaos-corporation-prochora-se-reverse-split-gia-ti-metochi-tis/

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