Danaos Corp. (Marshall Islands)

The Company is an international owner of container vessels and drybulk vessels, chartering our container vessels to many of the world's largest liner companies and employing our drybulk vessels on voyage charters.
The Company operates through a number of subsidiaries incorporated in Liberia, Cyprus, Malta and the Republic of the Marshall Islands, all of which are wholly owned by Danaos Corporation and either directly or indirectly own the vessels in our fleet.
The Company and its majority shareholders have a long history of operating and investing in the shipping industry. Our goal has always been to seek to provide superior customer service and be disciplined and opportunistic in our approach to managing our business.
The company's strategy is simple. First and foremost, we are dedicated to serving the needs of our customers. We accomplish this by remaining committed to the quality of our service, the safety of our crews, and the pursuit of technological innovation. Our disciplined and focused business model has allowed us to survive and prosper through multiple economic cycles, and we believe we are wellpositioned to participate in each growth cycle and continue to be an industry consolidator.
1981 : By 1981, Dimitris Coustas had reduced the company's fleet to a single vessel, John, named after his son.
History :
1928: Dimitris Coustas The Father of Danaos”, born in 1928, had already been a successful entrepreneur before ever setting his sights on shipping.
1963: It wasn't until the early 1960's that Dimitris was drawn towards shipping and began making his first investments. In 1963 he purchased his first ship, a 3,600 dwt single-deck freighter that he subsequently renamed “Amalia” to honor his wife, Amalia Coustas.
1966: Dimitris, along with a business partner, owned 3 vessels.
1972: Dimitris assumed sole control of the company, which began operating as Danaos Shipping, an entity that survives to this day and acts as our operations manager. Three years later, the fleet totaled 5 vessels with an agrgegate capacity of 35,000 tons.
1977: As the shipping industry went through a cyclical downturn, Danaos Shipping reduced the size of its fleet and committed itself to developing superior operational expertise and producing technological innovation.
1981: Dimitris Coustas had reduced the company's fleet to a single vessel, John, named after his son.
1984: He proceeded to order three new vessels, which were delivered.
1986: Danaos Management Consultants was co-founded by Dr. John Coustas. This company has been responsible for the creation of innovative and dynamic vessel navigation and management systems that are deployed throughout the industry.
1987: Dimitris Coustas appointed his son, Dr. John Coustas as Managing Director and CEO of Danaos. Dimitris remained involved in the company as a non-executive advisor until the age of 82, when he retired in his country house at the seaside of Porto Rafti, outside Athens.
1998: Shipping operations were consolidated under a single entity.
2005: Our named was changed to Danaos Corporation in connection with our incorporation in the Republic of the Marshall Islands.
2006: Danaos Corporation began trading on the New York Stock Exchange under the symbol ‘DAC On October 6, 2006.
The Comapny is listed in Berlin stock exchange and Deutsche Borse.