ATHENS, Greece, April 14, 2025 /PRNewswire/ -- Danaos Corporation (NYSE: DAC) announces that its Board of Directors has approved the upsizing of its common stock repurchase program by an additional $100 million. The Company has already executed on share repurchases of approximately $196 million out of the $200 million existing share repurchase program that is now being upsized to a total of $300 million. Shares may be purchased in open market or privately negotiated transactions, at times and prices that ar ...

ATHENS, Greece, March 13, 2025 /PRNewswire/ -- Danaos Corporation (NYSE: DAC), one of the world's largest independent owners of containerships, announced today that its Annual Report on Form 20-F for the year ended December 31, 2024 has been filed with the Securities and Exchange Commission and can be accessed on the company's website, www.danaos.com.Alternatively, shareholders may also request a hard copy of the complete audited financial statements, free of charge, by contacting the company using the cont ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 1 ...

Core Insights - Carrix partners with Nokia to implement Nokia DAC, a private wireless solution aimed at enhancing operations in key U.S. marine terminals [2][3] - The collaboration focuses on improving network security, performance, and reliability in asset-intensive environments [5] Company Overview - Carrix operates over 250 terminal facilities and rail yards across the U.S., Canada, Mexico, Central America, South America, and Asia, employing more than 20,000 people [3][9] - Nokia is a leading global vendor of private wireless solutions, serving 850 customers in industries such as mining, manufacturing, and ports [4] Technological Impact - Nokia DAC provides reliable wireless connectivity tailored for industrial marine terminal environments, enhancing security and scalability while laying the groundwork for future digital innovations [3][5] - The solution addresses complex challenges in the marine terminals industry, facilitating the introduction of new use cases and applications through Nokia's Edge Compute and AI platform [5] Strategic Importance - The partnership is expected to drive innovation and collaboration within the port industry while ensuring data sovereignty and security [5] - Carrix's Director of IT Services highlighted the significant improvements in efficiency and technology initiatives due to Nokia DAC [5]

Bashar is a contributing writer at Seeking Alpha, focusing on Long/Short investment ideas, with a geographic focus in North America. Before that, Bashar worked at an Investment Fund in the United Kingdom. He has a Master's degree in Finance from the Queen Mary University of London and a Bachelor's degree in Economics from Middlesex University.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within t ...

Financial Data and Key Metrics Changes - The company reported adjusted EPS for Q4 2024 of $6.93 per share, down from $6.99 per share in Q4 2023, resulting in an adjusted income decrease from $136 million to $133.3 million [13] - Adjusted EBITDA increased by 9.9% to $189.7 million in Q4 2024 compared to $172.6 million in Q4 2023 [16] - Total operating expenses increased by $11 million, primarily due to voyage costs related to the dry bulk Capesize fleet [14] Business Line Data and Key Metrics Changes - Vessel operating expenses rose to $45.6 million in Q4 2024 from $40.1 million in Q4 2023, attributed to an increase in the average number of vessels [14] - Daily operating costs improved slightly to $6,135 per vessel per day from $6,188 per vessel in Q4 2023 [14] Market Data and Key Metrics Changes - The dry bulk market continues to struggle due to the slow recovery of the Chinese economy, while the container charter market remains healthy despite weakening box rates [7][8] - The company has a chartered backlog of $3.4 billion, with 97% coverage for 2025 and 79% for 2026 [11][17] Company Strategy and Development Direction - The strategic focus is on maintaining a robust financial position, securing long-term contracts, and investing in modern fuel-efficient vessels [12] - The company has arranged an $850 million facility to finance all new building vessels, indicating a commitment to growth despite market uncertainties [11][18] Management's Comments on Operating Environment and Future Outlook - Management noted that near-term predictions about shipping markets are unreliable due to ongoing tariff wars and economic slowdowns [6][7] - The company remains insulated from near-term market volatility with significant charter coverage and a strong balance sheet [10][11] Other Important Information - The company has repurchased $168.8 million of stock out of a $200 million authority provided by the board [20][21] - As of the end of Q4 2024, cash stood at $453.4 million, with total liquidity at $807 million [21] Q&A Session Summary Question: Free cash flow generation and net cash position - The company generated $30 per share in free cash flow in 2024 and is on pace to achieve a net cash position in 2025 [26][27] Question: Dry bulk fleet utilization and dry dockings - All dry bulk vessels have completed dry docking in the last six months, with no further dry dockings planned for the next two to three years [35][36] Question: Appetite for additional vessels - The company is focusing on Capesize vessels and is open to increasing its presence in the sector if prices are attractive [38] Question: Confidence in new building orders - Confidence in new building orders stems from the need for more fuel-efficient ships and secured financing [42] Question: Current share count post-repurchase - The current share count is just below 19 million shares, approximately 18.8 to 18.9 million [47]

Investor Presentation February 2025 Disclaimer This presentation contains certain statements that may be deemed to be "forward-looking statements" within the meaning of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, that address activities, events or developments that the Company expects, projects, believes or anticipates will or may occur in the future, including, without limitation, the outlook for fleet utilization and shipping rates, general industry cond ...

ATHENS, Greece, Feb. 10, 2025 /PRNewswire/ -- Danaos Corporation ("Danaos") (NYSE: DAC), one of the world's largest independent owners of container vessels and drybulk vessels, today reported unaudited results for the period ended December 31, 2024.Highlights for the Fourth Quarter and Year Ended December 31, 2024:  Financial Summary Three Months Ended December 31, 2024 and Three Months Ended December 31, 2023  Unaudited (Expressed in thousands of United States dollars, except as otherwise stated) Th ...

ATHENS, Greece, Jan. 21, 2025 /PRNewswire/ -- Danaos Corporation (NYSE: DAC), one of the world's largest independent owners of containerships, announced today that it will release its results for the fourth quarter ended December 31, 2024, after the close of the market in New York on Monday, February 10, 2025. The Company's management team will host a conference call to discuss the results on Tuesday, February 11, 2025 at 9:00 A.M. ET.  Conference Call Details:Participants should dial into the call 10 minut ...

Danaos Corporation (NYSE: DAC ) is a major owner of containerships, with 73 containerships totaling 465,463 TEU, and is looking to expand further, with 16 more ships (129,819 TEU) under construction. Danaos also recently acquired 10 drybulk vessels totaling 1,760,861 DWT - these shipsI am a senior at Northwestern University pursuing a degree in economics, and would like to work in the financial industry after graduation. I am a self-taught investor, and I have been managing my personal portfolio for the las ...