DAC Stock - Danaos Corp.

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Danaos Corporation, along with its subsidiaries, owns and manages containerships that operate across major global shipping routes, including Australia, Asia, Europe, and the United States. The company primarily engages in providing seaborne transportation services by chartering its vessels to liner companies. As of February 28, 2022, Danaos maintained a fleet comprising 71 containerships with a total capacity of 436,589 twenty-foot equivalent units (TEUs).

Originally established as Danaos Holdings Limited, the company underwent a name change to Danaos Corporation in October 2005. Founded in 1963 and headquartered in Piraeus, Greece, Danaos has established itself as a significant player in the maritime industry. The company's fleet of containerships plays a crucial role in facilitating global trade, transporting a variety of goods and commodities essential to international commerce.

Danaos Corporation opperates within a dynamic shipping industry characterized by fluctuating freight rates, global economic trends, and regulatory developments impacting maritime operations. Leveraging its extensive fleet and operational expertise, Danaos continues to navigate challenges and capitalize on opportunities in the container shipping sector, maintaining its commitment to efficient and reliable seaborne transportation services worldwide.

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