Danaos(US:DAC)2025-11-18 14:00Business Overview - The company has a charter backlog of $4.1 billion through 2038[7] - Cash and cash equivalents were $596 million as of September 30, 2025[8] - Net Debt / LTM 3Q 2025 Adjusted EBITDA was 0.23x as of September 30, 2025[7] - Available liquidity was $971 million as of September 30, 2025[8] Financial Performance (Q3 2025) - Operating revenues were $260.73 million, including $239.102 million from container vessels and $21.628 million from dry bulk vessels[9] - Adjusted EBITDA was $181.62 million[9] - Time Charter Equivalent for container vessels was $35,663/day and for dry bulk vessels was $19,910/day[9] Financial Performance (9 Months Ended September 30, 2025) - Operating revenues were $776.191 million, including $714.738 million from container vessels and $61.453 million from dry bulk vessels[11] - Adjusted EBITDA was $529.334 million[11] - Fleet utilization for container vessels was 97.9% and for dry bulk vessels was 97.4%[11] Fleet and Charter Coverage - The company has secured multi-year chartering agreements for 21 out of 23 newbuilding vessels[7] - Operating days contract coverage is 100% for 2025, 95% for 2026, and 71% for 2027[7] - The current order-book is about 33.4% of existing TEU capacity with deliveries through 2028[7]