Tag: Danaos

Danaos Corporation has disclosed that, in February 2024, the company expanded its order book by incorporating two additional 8,258 TEU newbuildings at Yangzijiang shipyard.

Bureau Veritas (BV) has announced the development of a new notation, CII REALTIME. The notation will support shipowners to provide reliable and up to date data related to DCS and CII of their ships/fleet in a simplified and consistent process.  

Following the recent fire incident onboard Zim Kingston containership, Canadian Coast Guard informed that firefighting tugboats continue to operate to prevent renewed flareups.

Following the fire incident onboard the Zim Kingston containership, technical experts are about to board the vessel and evaluate the causes of the accident.

The Greek container company, Danaos, achieved to reduce its CO2 emissions by 41.5% in 2019, compared to the base year in 2008, meeting IMO 2030 carbon reduction targets 11 years ahead of schedule.

SAFETY4SEA is pleased to announce that Mr. Dimitris Theodossiou, Managing Director, DANAOS Management Consultants S.A has received the 2020 SMART4SEA Personality Award, sponsored by SQEMARINE, at a prestigious award ceremony which successfully concluded on January the 28th at the Yacht Club of Greece in Athens, the evening ahead of the 2020 SMART4SEA Forum.

Danaos published its third quarter and nine months results, in which it announces that until now it has pledged to install scrubbers on six vessels. Two of these ships are owned by Danaos's joint venture Gemini Shipholdings Corporation. Danaos is also in discussions to install scrubbers on five more vessels.

An unidentified quantity of drugs was found onboard the Greek container ship DIMITRIS C, while she was in the port of Ilo, Peru, on September 14. The drugs were found by the ship's crew, during routine inspection, in accordance with the company's inspection policy.

A reliable cost effective solution onboard its fleet Vizada and its partner SRH Marine Electronics report that they have signed a 24-month agreement with Danaos Shipping Co. Ltd to equip the company's fleet of 63 vessels with a broadband communications system.The agreement includes the provision of 1 GB of connectivity to the fleet over Inmarsat FleetBroadband terminals, to be managed via Vizada's XChange and Crew PC services.Greece-based Danaos Shipping provides ship management services to one of the world's largest fleets of containerships, with a number of additional diverse shipbuilding projects in the pipeline.SRH will provide the Thrane & Thrane Sailor FleetBroadband terminals, while Vizada will provide its XChange platform, a piece of hardware installed onboard offering a user interface that will allow Danaos IT managers or captains to choose settings and configurations to make the best use of the FleetBroadband connectivity.The XChange system also includes web compression and filtering capabilities, and optimised connectivity switching features.The Crew PC system which will also be installed onboard the vessels is a computer that comes preconfigured to match the communication needs of the Danaos crew.This will include elements such as web browsing and options for chatting with loved ones onshore during downtime aboard."In this ...

Danaos shares are expected to benefit from the potential develeraging and higher returns Danaos Corp topped the TradeWinds Shipping Index Wednesday as investors took advantage of recent declines in the Greek containership owners share price.New York-listed Danaos climbed 12% before hitting $5.85 in late trading following an endorsement from an equity analyst at Clarkson Investment Services Houston-based affiliate, Clarkson Capital Markets.We recommend clients add to positions on the recent share price weakness, as we continue to see Danaos as an attractively valued turnaround play on a favorable container market, possessing high fixed revenues and a restructured balance sheet, Michael Pak wrote in a recent e-mail to clients.The analyst notes shares of the owner have declined 27.8% since 13 March.He added: "Importantly, DAC has restructured its balance sheet to push debt amortisation (no bullets/balloon payments) until 2018, and have gained flexibility with key financial covenants, setting collateral maintenance provisions to vessel values to reflect 2009 all-time low levels and have excluded derivative mark-to-market valuations from financial covenant measures."The bottom line, Pak says, is over time he expects Danaos shares to benefit from the potential deleveraging and higher returns off its existing asset base.While the analyst admits that concerns are emerging on ...