Summary
Danaos: More Diversification, More Debate, Still Plenty Of Value
Danaos Corporation remains attractively valued at ~0.6x book, supported by a robust containership backlog and high charter rates. DAC's contracted containership revenue stands at $4.1 billion, with 100% coverage for 2026 and strong medium-term visibility. Management is allocating capital to fleet expansion and side investments, including Alaska LNG and Yoda, rather than prioritizing buybacks.
Danaos Corporation (DAC) Q1 2026 Earnings Call Transcript
Danaos Corporation (DAC) Q1 2026 Earnings Call Transcript
Danaos: A Disciplined, Opportunistic Capital Allocator
Danaos Corporation remains a deep value play, boasting high profitability, strong earnings visibility, and a fortress balance sheet, despite a recent run-up. DAC's disciplined and opportunistic capital allocation would make Buffett proud, with a proven record of buying at cycle lows and focusing on immediately accretive transactions derisked through financing and chartering. Recent moves into dry bulk and the Alaska LNG partnership provide optionality and potential new earnings engines, while core containership operations remain resilient.
Danaos Corporation Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| YA Yinka Akinsola Blue Trust Inc. | 305 | $24,048.03 | $39,215.37 | $15,167.34 | 63.07% |
 Brian Baylis Bell Investment Advisors Inc. | 11 | $1,015.96 | $1,417.79 | $401.83 | 39.55% |
 Ashish Sharma DGS Capital Management LLC | 30,394 | $2.47M | $3.92M | $1.45M | 58.71% |
| KMT Kirk M. Tokheim Ameritas Advisory Services LLC | 10 | $1,126.4 | $1,293.3 | $166.9 | 14.82% |
 Jonathan Straus Commons Capital LLC | 4,336 | $488,407.04 | $561,121.76 | $72,714.72 | 14.89% |
Danaos Corporation (DAC) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
Has Danaos Corporation ever had a stock split?
Danaos Corporation Profile
| Marine Transportation Industry | Industrials Sector | John Coustas CEO | NYSE Exchange | Y1968P121 CUSIP |
| GR Country | 4 Employees | 21 Jul 2026 Last Dividend | 2 May 2019 Last Split | - IPO Date |
Overview
Danaos Corporation, alongside its subsidiaries, specializes in providing container and drybulk vessel services, particularly operative within Australia, Asia, and Europe. This company is a significant player in the seaborne transportation industry, focusing on the management of vessels in both the containership and drybulk sectors. Originating as Danaos Holdings Limited, the entity underwent a name change to Danaos Corporation in October 2005, signifying a step forward in its evolving identity. Founded in 1963 and headquartered in Piraeus, Greece, Danaos Corporation boasts a long-standing history in the maritime shipping sector, underscored by its growth and expansion over the years. As of April 03, 2024, the company's operational fleet encompasses 68 containerships, providing a substantial capacity of 421,293 twenty-foot equivalent units, showcasing its considerable presence and capability within the shipping industry.
Products and Services
- Container Vessel Services
- Drybulk Vessel Services
Danaos Corporation offers extensive container vessel services, facilitating the global transportation of goods across major international routes. With a sophisticated fleet of 68 containerships and a capacity of 421,293 twenty-foot equivalent units as of early 2024, the company caters to a wide range of shipping needs, providing reliable and efficient services to clients worldwide. The focus on containership services underscores Danaos's commitment to supporting global trade and commerce by ensuring the smooth transshipment of a vast array of cargo.
In addition to container vessel services, Danaos Corporation extends its expertise to the drybulk sector, offering specialized vessels for the transportation of dry bulk cargos. This service caters to the needs of various industries requiring the movement of bulk materials that are not suitable for containerized shipment. By operating in the drybulk shipping sector, Danaos plays a critical role in the maritime transport of commodities such as grains, coal, ore, and other similar products, contributing significantly to the efficiency and sustainability of global supply chains.
