Recent Updates — DAC

Danaos Corporation has mandated investment banking firms to advise on a potential equity placement and listing in the Norwegian market for its dry bulk business. The company is exploring a carve-out and sale of a minority stake in Danaos Bulk Inc., which currently operates 11 Capesize vessels and has four Newcastlemaxes under construction scheduled for delivery in 2028. This initiative is part of a broader strategy focused on value creation and shareholder returns, though there can be no assurance that any transaction or listing will be pursued or completed. Danaos Corporation operates as a global shipowner and operator.

Danaos Corporation reported operating revenues of $528.1 million for the six months ended June 30, 2026, an increase of $12.6 million from the prior year period. The company declared a quarterly cash dividend of $0.90 per share on July 6, 2026, payable on July 30, 2026 to holders of record as of July 21, 2026. Outstanding debt increased to $1,232.7 million following the repayment of the $450 million syndicated credit facility and $262.8 million in senior notes, offset by new borrowings under JOLCO facilities. Danaos operates in the shipping industry, owning and operating container vessels and drybulk carriers.