Danaos Corp 1Q Report
Danaos Corporation (NYSE: DAC), an international owner of containerships, reported unaudited results for the period ended March 31, 2009. • Net earnings on a comparable basis of $20.0 million or $0.37 per share for the quarter ended March 31, 2009 compared to $25.9 million or $0.48 per share for the respective period of 2008, adjusted for a gain on sale of vessels of $5.6 million recorded during the first quarter of 2008. • Operating revenues of $75.3 million for the quarter ended March 31, 2009 compared to $69.9 million for the respective period of 2008. • EBITDA on a comparable basis of $47.9 million for the quarter ended March 31…
Danaos Corp 4Q & 2008 Results
Danaos Corporation (NYSE: DAC), international owner of containerships, reported unaudited results for the fourth quarter and the full year ended December 31, 2008. • Net earnings on a comparable basis1 from continuing operations of $25.5 million or $0.47 per share and $118.7 million or $2.18 per share for the quarter and the year ended December 31, 2008, respectively, compared to $25.5 million or $0.47 per share and $107.2 million or $1.96 per share for the respective periods of 2007. • Net earnings on a reported basis from continuing operations of $23.8 million or $0.44 per share and $117.1 million or $2.15 for the quarter and the year ended December 31…
Danaos 3Q, 9 Month Report
Danaos Corporation (“Danaos”) (NYSE: DAC), a leading international owner of containerships, reported unaudited results for the period ended September 30, 2008. • Net earnings from continuing operations of $28.0 million or $0.51 per share and $93.2 million or $1.71 per share for the quarter and the nine months ended September 30, 2008, respectively, compared to $25.5 million or $0.47 per share and $78.4 million or $1.44 per share for the respective periods of 2007. • Operating revenues from continuing operations of $76.4 million and $220.2 million for the quarter and the nine months ended September 30, 2008, respectively, compared to $62.6 million and $187.5 million for the respective periods of 2007.
Danaos Delivers Second Vessel to APL
Danaos Corporation announced that during the course of the last week it delivered the vessel APL Scotland back to its charterer, APL, for a total price of $44.5m. Further, Danaos Corporation also announced that APL has declared their purchase option regarding the APL Belgium according to their existing agreement with Danaos. This represents the last out of the four purchase options APL had with Danaos. Danaos now expects to sell this vessel back to APL at the end of its charter on or about January 2, 2008 for a total of $44.5 million.
