Marine link
 

Danaos Corp

Revenues Up in Danaos' Latest Financial Report

Greece-based container ship owners, Danaos Corp., reports Q3 & nine months results for period ended September 30, 2012. Highlights for the Third Quarter and Nine Months Ended September 30, 2012:   Operating revenues of $156.3 million for the three months ended September 30, 2012 compared to $126.0 million for the three months ended September 30, 2011, an increase of 24.0%. Operating revenues of $437.2 million for the nine months ended September 30, 2012 compared to $339.8 million for the nine months ended September 30, 2011, an increase of 28.7%. Adjusted EBITDA1 of $116.2 million for the three months ended September 30, 2012 compared to $86.2 million for the three months ended September 30, 2011, an increase of 34.8%. Adjusted EBITDA1 of $319.3 million for the nine months ended September 30, 2012 compared to $229.8 million for the nine months ended September 30, 2011, an increase of 38.9%. Adjusted net income of $15.6 million, or $0.14 per share, for the three months ended September 30, 2012 compared to $17.6 million, or $0.16 per share, for the three months ended September 30, 2011. Adjusted net income1 of $48.8 million, or $0.44 per share, for the nine months ended September 30, 2012 compared to $45.0 million, or $0.41 per share, for the nine months ended September 30, 2011.


Danaos Orders Five Containerships

Danaos Corporation (NYSE: DAC) announced that it has ordered five 12,600 TEU containerships. All five Post Panamax containerships will be built by Hyundai Samho Heavy Industries and are expected to be delivered to Danaos gradually starting from January until August of 2011. Danaos has also arranged for a large international liner company to charter all these vessels for 12 years each, at accretive rates. The deal increases Danaos’ contracted fleet to 32 vessels with a total carrying


Danaos Secures Charters for Two Containership Orders

Danaos Corporation has secured 18 year bareboat charters for each of two 6,500 TEU containerships. These vessels are part of the recently placed order with Hanjin Heavy Industries & Construction Co., Ltd. and are expected to be delivered to Danaos in 2009 and 2010. Danaos Corporation also announced today that it delivered the bulk carrier Achilleas to Shanghai Time Shipping Co. LTD according to schedule. The delivery of this drybulk vessel to their new owners brought proceeds of $25


Danaos Re-charters Norasia Hamburg Ahead of 2008 Redelivery

Danaos Corporation has signed an agreement with the United Arab Shipping Corporation to time charter the 3,908 TEU Norasia-Hamburg for a period of 36 months. During the first 12 months of the charter, the charterer has the option to convert the three year charter to a 5 year charter, at lower rate. The charter will begin as of the date when the current employment of this vessel ends in the first quarter of 2008. The Norasia-Hamburg is currently on time charter with CSAV.


Danaos Adds 39th Containership

Danaos Corporation (NYSE: DAC) announced Jan. 6, 2009, that it took delivery of one more containership, the Zim Monaco, expanding its operational fleet to a total of 39 containerships aggregating 157,427 TEU. The Zim Monaco has a carrying capacity of 4,253 TEU and was built by Samsung Heavy Industries. It is 853 ft long, 105 ft wide and has a speed of 24.5 knots (about 45 Km/h). The Zim Monaco has already commenced its 12-year time charter at fixed rates immediately upon delivery


VSTEP Delivers FMB Simulator to Danaos

VSTEP_NAUTIS_Danaos.jpg

Danaos Corporation purchased a NAUTIS DNV Class A FMB Simulator and Instructor Station for training of its fleet members.  The simulator will be delivered and installed by VSTEP at Danaos Shipping Co Ltd. Headquarters in Piraeus, Greece.   The simulator purchased by Danaos Corporation included a NAUTIS DNV Class A FMB simulator with 240° horizontal field of view and an Instructor Station. It will be used to train navigation and maneuvering with the container vessels of the


Danaos Corp Share Repurchase Program

Corporation (NYSE: DAC) announced that its Board of Directors has approved a share repurchase program and authorized the officers of the company to repurchase, from time to time, up to 1,000,000 shares of the company's common stock (par value $0.01). Danaos Corporation is an international owner of containerships. It currently has a fleet of 39 containerships, aggregating 156,275 TEUs. (www.danaos.com)


Danaos Corporation Reports Q4 & Full Year Results

danaos_logo_5.jpg

Athens, Greece, March 17, 2011 – Danaos Corporation ("Danaos") (NYSE: DAC), an international owner of containerships, reported unaudited results for the period ended December 31, 2010. Highlights for the Fourth Quarter and Full Year Ended December 31, 2010: * We took delivery of one 3,400 TEU containership in October 2010, and two more newly built vessels with an aggregate carrying capacity of 13,500 TEU during 2011.


Danaos Corporation Adds Largest Vessels Using New Facility

danaos_logo_5.jpg

Athens, Greece, April 6, 2011 - Danaos Corporation (NYSE: DAC) a leading international owner of containerships, announced that on March 10, 2011 and April 6, 2011, it took delivery of two newly built containerships, the Hanjin Germany and the Hanjin Italy, expanding its operational fleet to a total of 53 containerships aggregating 243,529 TEU. The Hanjin Germany and the Hanjin Italy, built at Hyundai Samho Heavy Industries Co


Danaos Takes Delivery of Fifth New Containership

Greece's Danaos Corporation has  completed its new-building program with the delivery of a fifth & final 13,100 TEU vessel Danaos Corporation, containership owners, announced that on June 29, 2012, it took delivery of its fifth and final 13,100 containership, the HYUNDAI AMBITION, expanding its operational fleet to a total of 64 containerships aggregating 363,049 TEU. The HYUNDAI AMBITION, built at Hyundai Samho Heavy Industries Co


Danaos Corporation 2Q and 1H 2014 Results

Danaos Corporation

  Danaos Corporation ("Danaos") (NYSE: DAC), a leading international owner of containerships, today reported unaudited results for the period ended June 30, 2014. Highlights for the Second Quarter and Half Year Ended June 30, 2014:


Del Mar Signs Agency Agreement with Ciramar

Dante Badaracco, Commercial Director of Ciramar Shipyards (left); Marnin Castillo, Senior Sales Manager of Ciramar Shipyards (center) and Rubén Diaz, President of Del Mar Marine Corp. (right).

Del Mar Marine Corp. announced it has signed an agency agreement with Ciramar Shipyards allowing the company to promote Ciramar Shipyard´s docking and facilities in Dominican Republic as well as its services globally. The agreement was signed during the event Maritime Week Americas (MWA)


Second Tanker Awaits Lifting Opportunity at Libya Port

A second tanker is waiting to load oil at Libya's Es Sider port, state-run National Oil Corp (NOC) said on Thursday, as the country's biggest crude export terminal swung back into action after being closed for a year. The OPEC member's oil production has risen in the past few weeks as major


Second Tanker Waits to Load Oil at Libya's Reopened Port

A second tanker is waiting to load oil at Libya's Es Sider port, state-run National Oil Corp (NOC) said on Thursday, as the country's biggest crude export terminal swung back into action after being closed for a year. The OPEC member's oil production has risen in the past few weeks as major


Cargo Covering by Sentina Qualified to Deter Terrorists

Freight Glove: Image courtesy of Sentina

Sentina Corp, a New York-based producer of protective cargo coverings, says it has been awarded the designation of 'Qualified Anti-Terrorism Technology' under the Department of Homeland Security's Safety Act for its Freight Glove, a reusable, vacuum-sealable, and tamper-evident covering.


POSH attracts Hwang, Fortress as IPO investors

PACC Offshore Services Holdings (POSH), part of the empire of Malaysia's richest man Robert Kuok, has roped in Hwang Investment Management Berhad and Fortress Capital Asset Management as cornerstone investors for its Singapore listing, which sources close to the matter said could raise about $400


Libya's Zawiya Oil Port Reopens

Libya's western Zawiya oil port has resumed operations after protesters vacated the entrance to    the facilities and the adjoining refinery will restart in about 24 hours, a spokesman for the state oil company said on    Sunday.  


Northrop Grumman Awarded US$88-Million Navy Contract

Integrated bridge: File image

According to the US Department of Defense, Navy, Northrop Grumman Systems Corp., Charlottesville, Va., is being awarded an $88,153,800 contract to acquire integrated bridge systems and steering/ship control systems, related hardware and associated services.


Electric Boat Awarded Submarine Repair Contract Modification

Image credit GDEBC

US Department of Defense informs that a $9,048,214 cost-plus-fixed-fee modification to the previously awarded contract (N00024-13-C-4308) has been awarded to General Dynamics Electric Boat Corp., Groton, Connecticut. The contract is to incrementally fund previously exercised options to provide


Pemex Resumes Light Crude Sales to U.S. West Coast

Mexico's Pemex has quietly begun shipping light Isthmus crude to a variety of West Coast refiners this year, according to U.S. and Reuters data, resuming such sales after a six-year hiatus. The state-run oil company, which exported only about 100,000 barrels per day (bpd) of Isthmus last year


First PNG LNG Cargo Shipped by Exxon Mobil

LNG carrier: File photo

Exxon Mobil Corporatio says it has shipped the first cargo of liquefied natural gas (LNG) from the $19 billion PNG (Papua New Guinea) LNG project ahead of schedule. PNG LNG, operated by ExxonMobil affiliate ExxonMobil PNG Limited, is expected to produce more than 9 trillion cubic feet of gas


Inlecom, Danaos Launch eMar Software Platforms

Dr Takis Katsoulakos

Inlecom and DANAOS announced that their e-Maritime compatible collaboration platforms enabling interoperability in shipping software solutions are now available commercially as beta versions, following successful trials with eMAR partners including DNV and Port of Valencia


China State Shipbuilding, CNPC Among 11 Caught in Auditor Snare

China's National Audit Office has found irregularities at 11 state-owned conglomerates ranging from misrepresentation of assets to illegal property development, highlighting the challenges the government faces in overhauling the public sector.


Zim Line Debt Restructuring Plan to Proceed

Zim container ship in terminal: Photo Zim Line

Israel's Finance Ministry and Israel Corp have reached a compromise regarding the government's "golden share" in the country's biggest shipping company Zim, paving the way for a $3 billion debt restructuring plan to move ahead. The government last week appealed an Israeli court ruling


U.S. Firm sells Condensate to Mitsubishi

A U.S. energy company has found a second buyer in Japan for its condensate, an ultra-light oil, paving the way for more excess barrels from the United States to head to Asia to meet growing demand. Enterprise Product Partners has signed a short-term contract to sell condensate to Japanese






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright