Danaos Corporation, through its subsidiaries, owns and operates containerships and drybulk vessels in Australia, Europe, and the United States. It operates in two segments, Container Vessels and Drybulk Vessels.
The company provides seaborne transportation services by operating vessels in the containership and drybulk sectors of the shipping industry. As of December 31, 2025, it had a fleet of 75 containerships aggregating 477,230 TEUs.
Its portfolio also includes 27 container vessels under construction containerships aggregating 173,314 TEUs, 10 Capesize bulk carriers aggregating 1,755,000 DWT, and 2 dry bulk vessels under construction aggregating 422,000 DWT. Founded in 1963 and based in Piraeus, Greece, Danaos was formerly known as Danaos Holdings Limited before rebranding in October 2005.
Danaos Corporation, through its subsidiaries, owns and operates containerships and drybulk vessels, providing seaborne transportation services in Australia, Europe, and the United States. The company operates in two segments: Container Vessels and Drybulk Vessels. As of December 31, 2025, its fleet includes 75 containerships aggregating 477,230 TEUs, along with 27 container vessels under construction totaling 173,314 TEUs. In the drybulk segment, it owns 10 Capesize bulk carriers aggregating 1,755,000 DWT and has 2 dry bulk vessels under construction aggregating 422,000 DWT. Danaos plays a key role in global shipping, transporting containerized and bulk cargo across major trade routes.
Where is Danaos Corporation (DAC) listed and what currency does it trade in?
Danaos Corporation is listed on the New York Stock Exchange (NYSE) under the ticker symbol DAC. Its shares trade in US Dollars (USD), reflecting its primary listing in the United States. The company is headquartered in Piraeus, Greece, but its stock is accessible to international investors through the NYSE, one of the world's largest stock exchanges. This listing provides liquidity and exposure to global capital markets.
What sector and industry does Danaos Corporation (DAC) belong to?
Danaos Corporation operates in the Industrials sector, specifically within the Marine Shipping industry. This classification reflects its core business of owning and operating vessels for maritime transportation. The marine shipping industry is vital for global trade, and Danaos focuses on both containerships and drybulk vessels, serving customers that require reliable sea freight services. As a marine shipping company, it competes with other vessel operators and charters its ships to liner companies and commodity traders.
Where is Danaos Corporation (DAC) headquartered and what markets does it serve?
Danaos Corporation is headquartered in Piraeus, Greece, a major port city and maritime hub. The company serves markets in Australia, Europe, and the United States, providing seaborne transportation services via its fleet of containerships and drybulk vessels. Its operations span key global trade routes, connecting producers and consumers across these regions. Founded in 1963, Danaos has a long history in the shipping industry and maintains a significant presence in the Mediterranean shipping community.
How does Danaos Corporation (DAC) generate revenue?
Danaos Corporation generates revenue by chartering its vessels to customers for seaborne transportation. It operates in two segments: Container Vessels and Drybulk Vessels. The container segment includes a large fleet of 75 containerships (as of December 2025) with a total capacity of 477,230 TEUs, plus 27 vessels under construction. The drybulk segment comprises 10 Capesize bulk carriers and 2 vessels under construction. Revenue comes from time charters and voyage charters, where customers pay for the use of the ships to transport containerized goods or bulk commodities like iron ore and coal. The company's earnings depend on charter rates, fleet utilization, and global shipping demand.