Danaos

Moody’s upgraded Danaos Corporation’s senior unsecured notes to Ba1 and revised its outlook to positive, citing increased revenue visibility and strong cash reserves.

Danaos Corporation declared a quarterly cash dividend of $1.00 per share for the quarter ended September 30, 2026, and an extraordinary special dividend of $5.00 per share.

Danaos Corporation reports **$253.7 million in Q1 2026 operating revenues** and **$140.4 million in net income**. The company repays **$262.8 million in senior notes** while maintaining an **orderbook of 29 containerships totaling 184,550 TEU**. Financial performance and debt reduction highlight operational strength in the shipping sector.

May 2026Yahoo FinanceNews article

Danaos secures its first shipyard contracts for two ~211,000-dwt Newcastlemax dry bulk carriers, set for delivery in 2028. The company also orders four 5,300 TEU containerships, increasing its boxship orderbook to a total of 27 vessels. These moves expand Danaos’ fleet capacity in both dry bulk and container shipping segments.

Feb 2026Shipping TelegraphNews article

Danaos Corporation reports **$260.7 million in Q3 2025 operating revenues** and **$124.1 million in adjusted net income**. The company highlights progress on its newbuilding program while maintaining a **$4.1 billion contracted backlog**. Financial performance and strategic initiatives drive continued growth in shipping operations.

Nov 2025PR NewswireNews article

Shipping company **Danaos** orders two **7,165 TEU methanol-ready containerships** for delivery in **Q3 2027** and secures **$304 million in new charter contracts**, increasing its backlog to **$3.6 billion**. The moves expand its fleet capacity and long-term revenue commitments. The vessels will be built at **Dalian Shanhaiguan Shipyard** under the new contracts.

Oct 2025Splash247News article