DANAOS

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/

IMO 2020 fuel restriction may prove a ‘windfall’ for the charter market

MSC, Maersk, Cosco and CMA CGM are among ocean carriers that expect to temporarily increase their capacity this year to mitigate the downtime as ships are retrofitted with scrubbers, or for the decontamination of tanks to accommodate compliant fuels, ahead of IMO 2020.
Notwithstanding seasonal supply and demand drivers, containership owners are anticipating a charter market boost in the second half of the year, as operators prepare for the introduction of …

The post IMO 2020 fuel restriction may...

https://theloadstar.com/imo-2020-fuel-restriction-may-prove-a-windfall-for-the-charter-market/

Danaos receives notice from NYSE

Danaos Corporation (the “Company” or “Danaos”) (NYSE: DAC) announced it has received written notice from the New York Stock Exchange (the “NYSE”) that the Company is not in compliance with the NYSE continued listing standard with respect to the minimum average share price required by the NYSE because the average closing price of its common stock had fallen below $1.00 per share over a period of 30 consecutive trading days.

Under the NYSE rules, the Company can regain compliance with this...

http://container-news.com/danaos-receives-notice-nyse/

Danaos to install scrubbers on six vessels

Danaos published its third quarter and nine months results, in which it announces that until now it has pledged to install scrubbers on six vessels. The company is also in discussions to install scrubbers on five more vessels.

Two of these ships are owned by Danaos’s joint venture Gemini Shipholdings Corporation. These vessels have been chartered out for periods of at least three years. Danaos is also in discussions to install scrubbers on five more vessels.

Through the six charters on vessels...

https://safety4sea.com/danaos-to-install-scrubbers-on-six-vessels/

Zacks Investment Research upgraded Danaos

Danaos was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday (Oct. 17). The firm presently has a $1.25 target price on the shipping company’s stock. Zacks Investment Research‘s target price indicates a potential upside of 4.17% from the company’s previous close.

According to Zacks, “Danaos Corporation is a leading international owner of containerships, chartering vessels to many of the world’s...

http://container-news.com/zacks-investment-research-upgraded-danaos/

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