DAC On Other Exchanges
New York
text size: T | T
Back to Snapshot
Company Description

Contact Info

14 Akti Kondyli

Piraeus, 185 45


Phone: 30 210 41 96 480

Fax: 30 210 41 96 489

Danaos Corporation, through its subsidiaries, operates as an international owner of containerships, chartering its vessels to various liner companies. As of February 29, 2016, the company had a fleet of 55 containerships aggregating 329,588 TEUs (twenty foot equivalent unit). Strategy The company’s strategy is to charter its containerships under multi-year, fixed-rate period charters to a diverse group of liner companies. Customers The company’s customers include China Shipping, CMA-CGM, Hanjin, Hyundai Merchant Marine, Niledutch, MSC, Yang Ming, ZIM Israel Integrated Shipping Services, Nippon Yusen Kaisha Line (NYK), Hapag Lloyd, and Maersk Line. Regulations Government regulation affects the ownership and operation of the company’s vessels. They are subject to international conventions, national, state and local laws, regulations and standards in force in international waters and the countries in which its vessels might operate or are registered, including those governing the management and disposal of hazardous substances and wastes, the cleanup of oil spills and other contamination, air emissions, wastewater discharges and ballast water management. These laws and regulations include the U.S. Oil Pollution Act of 1990; the U.S. Comprehensive Environmental Response, Compensation, and Liability Act; the U.S. Clean Water Act; the International Convention for Prevention of Pollution from Ships; regulations adopted by the International Maritime Organization (IMO) and the European Union; various volatile organic compound air emission requirements; and various Safety of Life at Sea amendments, as well as other regulations. The company’s vessels are subject to standards imposed by the IMO (the United Nations agency for maritime safety and the prevention of pollution by ships). Under the U.S. Environmental Protection Agency regulations, the company is required to obtain a U.S. Clean Water Act permit regulating and authorizing any discharges of ballast water or other wastewaters incidental to its normal vessel operations if the company operates within the three-mile territorial waters or inland waters of the United States. The company’s vessels are subject to the Federal Clean Air Act vapor control and recovery standards for cleaning fuel tanks and conducting other operations in regulated port areas and emissions standards for so-called ‘Category 3’ marine diesel engines operating in the U.S. waters. Competition The company’s competitors include Zodiac Maritime, Seaspan Corporation, and Costamare Inc. History The company was founded in 1972. It was formerly known as Danaos Holdings Limited and changed its name to Danaos Corporation in 2005.


The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. Bloomberg.com does not create or control the content.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

DAC Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for DAC.
View Industry Companies

Industry Analysis


Industry Average

Valuation DAC Industry Range
Price/Earnings 2.8x
Price/Sales 0.7x
Price/Book 0.4x
Price/Cash Flow 1.4x
TEV/Sales NM Not Meaningful

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact DANAOS CORP, please visit www.danaos.com/. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.