Danaos (DAC)
Owns container and drybulk vessels and charters them under distinct contract models.
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Owns containerships chartered principally to liner companies on multiyear fixed-rate time or bareboat terms, alongside a newer drybulk business using shorter time and voyage charters. Coustas-family control and contrasting charter structures define a fleet-owner model rather than an integrated liner service.
Owns and charters two vessel businesses: containerships and drybulk carriers. Containerships are principally hired to liner companies under multiyear, fixed-rate time or bareboat charters, while drybulk vessels use shorter time and voyage charters.
The fleet serves international liner companies, but this is a vessel owner and charterer rather than an integrated liner service. The Coustas family controls the company, and John Coustas directs its strategy and management.
Adding drybulk vessels created two reported segments: container vessels and drybulk vessels. Contract structures differ by segment, with container charters generally multiyear and fixed-rate and drybulk charters shorter-term.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 6, 2026 | Freedom Broker | Upgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.23B · Total debt $1.21B · Total assets $5.45B · Shareholders' equity $4.06B
- Revenue
- $274.4M
- Operating income
- $132.7M
- Net income
- $151.8M
HistoryDividendAnnual yield
| Institutions | 21.17% | 3.85M ADS | |
|---|---|---|---|
| 153 holders · as of Jun 30, 2026 | |||
| Insiders | 1.39% | 252.7K ADS | |
| 4 holders · as of Mar 18, 2026 | |||
| Other | 77.44% | 14.10M ADS | |
| remainder | |||
18.20M ADS as of Aug 28, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
The share count is from the company's Dec 2024 annual report; nothing newer is on file here.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Cerberus Capital Management, L.P.Institution | 17.24% | 3.14M | filed Nov 10, 2020 |
Acadian Asset Management LLCInstitution | 3.80% | 692,176 ADS | as of Jun 30, 2026 |
RBF Capital, LLCInstitution | 2.30% | 418,015 ADS | as of Jun 30, 2026 |
Ion Fund Management LtdInstitution | 2.26% | 410,977 ADS | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 1.75% | 319,132 ADS | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- Costamare
Large containership charter owner with overlapping liner customers
- Global Ship Lease
Fixed-rate containership lessor focused on mid-sized vessels
- Navios Maritime Partners
Diversified owner with container and dry-bulk fleet overlap
- Euroseas
Feeder and intermediate containership owner on spot and period charters
- Star Bulk Carriers
Large Capesize-focused dry-bulk owner and operator
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Danaos | $156.65 | −1.85% | $2.91B | 5.4 | 5.7 | 2.8 | +4.7% |
| Costamare | $14.79 | −1.99% | $1.82B | 5.7 | 5.9 | 2.2 | −12.3% |
| Global Ship Lease | $44.53 | −2.33% | $1.64B | 4.4 | 4.7 | 2.1 | +3.6% |
| Navios Maritime Partners | $88.99 | −2.32% | $2.59B | 6.0 | 4.8 | 1.8 | +25.2% |
| Euroseas | $74.49 | −0.93% | $530.5M | 3.9 | 4.6 | 2.3 | −1.3% |
| Star Bulk Carriers | $30.89 | −2.66% | $3.54B | 12.4 | 7.3 | 2.9 | +61.6% |
| Median | 5.7 | 4.8 | 2.2 | +3.6% |