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Danaos Corp (DAC.N)

DAC.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Danaos Corp reports Q4 loss per share $4.07
Tuesday, 21 Feb 2017 04:53pm EST 

Danaos Corp - : Danaos Corporation reports results for the fourth quarter and year ended december 31, 2016 . Q4 adjusted earnings per share $0.21 . Q4 revenue fell 21.8 percent to $112.1 million . Q4 loss per share $4.07 . Following Hanjin bankruptcy, our near term exposure to weak spot market has increased . Have recognized an impairment loss of $415.1 million in relation to 25 of our vessels as of December 31, 2016 . Danaos-Co has unsecured claim for unpaid charter hire,charges,expenses,loss of profit against hanjin of $597.9 million submitted to bankruptcy court of seoul .Currently in a position to fully service all of its operational and contractual obligations.  Full Article

Danaos Corp receives notice that counterparty has entered into court receivership
Thursday, 1 Sep 2016 08:00am EDT 

Danaos Corp : Danaos Corporation receives notice that counterparty has entered into court receivership . Notice that Hanjin Shipping Co. Ltd. has filed for receivership with Seoul Central District Court and requested that court freeze its assets .Danaos currently charters eight of its vessels to Hanjin on long term, fixed rate time charters.  Full Article

Danaos Corporation Q2 adjusted earnings per share $0.43
Monday, 1 Aug 2016 04:30pm EDT 

Danaos Corp : Q2 adjusted earnings per share $0.43 . Q2 earnings per share view $0.42 -- Thomson Reuters I/B/E/S . Danaos corporation reports second quarter and half year results for the period ended june 30, 2016 . Q2 revenue $137 million versus i/b/e/s view $135.6 million .Qtrly earnings per share $0.41.  Full Article

Danaos Corp announces formation of joint venture and acquisition of 3 containerships
Wednesday, 23 Sep 2015 09:00am EDT 

Danaos Corp:Acquisition of three vessels through a newly-formed joint venture, capitalizing on depressed asset prices in the resale market.Says vessels were acquired by gemini shipholdings corporation, a newly-formed entity owned by Danaos.Says Danaos anticipates charter agreements for the suez canal and the genoa will be entered into in the near future.  Full Article

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BRIEF-Danaos Corp reports Q4 loss per share $4.07

* Danaos Corporation reports results for the fourth quarter and year ended december 31, 2016