Danaos Corporation Announces Upsizing of its Share Repurchase Program by an additional $100 million

Group 1 - Danaos Corporation has approved an increase in its common stock repurchase program by an additional $100 million, raising the total program to $300 million [1] - The company has already executed share repurchases of approximately $196 million out of the previous $200 million program [1] - Shares may be purchased in open market or through privately negotiated transactions, with the program subject to suspension or discontinuation at any time [1] Group 2 - Danaos Corporation is one of the largest independent owners of modern, large-size containerships, with a fleet of 74 containerships totaling 471,477 TEUs and 15 under construction aggregating 128,220 TEUs [2] - The company has also invested in the dry bulk sector, acquiring 10 capesize bulk carriers with a total of 1,760,861 DWT [2] - Danaos' fleet is chartered to many of the world's largest liner companies on fixed-rate charters, reflecting its operational efficiency and rigorous standards [2]