Danaos Corporation · Piraeus Greece ·(NYSE: DAC)
Company Description
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This link will open in a new window Containership owner Danaos helps big boxes make their way around the world. Through its subsidiaries, the company owns containerships that are chartered to shipping lines. Its fleet includes more than 35 vessels with an overall container capacity of about 150,000 twenty-foot-equivalent units (TEU). The company has chartered its ships to many of the largest liner companies in the world, including Maersk , CMA-CGM and Hapag-Lloyd . The founding Coustas family, which includes company CEO John Coustas, controls an 80% stake in Danaos. Another Coustas family enterprise contracts to manage the Danaos fleet. To read the full description, subscribe now.
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Key Danaos Corporation Financials
| Company Type | Public - NYSE: DAC Single Location |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $298.9 |
| 2008 Employees | 962 |
Danaos Corporation Executives
7 executives listed for Danaos Corporation's Piraeus, location.
| Title | Name & Bio | Contact |
| President, CEO, and Director | John Coustas | Network |
| VP, COO, Treasaurer, and Director | Iraklis Prokopakis | Network |
| VP, CFO, and Director | Dimitri Andritsoyiannis | Network |
Competition
Competitive Landscape for Danaos Corporation
Demand is driven by macroeconomic trends in global imports and exports. The profitability of individual companies depends on efficient operations and a good safety record. Large companies have advantages in fleet size and port access. Small companies can compete effectively by chartering services out of smaller ports and transporting unusual cargo. Average annual revenue per worker for a typical company is nearly $500,000. The global shipping industry transports over 90 percent of the world's total commerce, according to the International Shipping Federation (ISF). Deep sea shipping is a highly competitive industry; however, competition from other forms of transportation is limited. To read the full description, subscribe now.Top Danaos Corporation Competitors
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