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Business
Rjkumari Saxena

Can Danaos Corporation Continue Riding the Shipping Boom?

Danaos Corporation (DAC) is headquartered in Piraeus, Greece, and is a prominent container and dry bulk vessel service provider in Australia, Asia, and Europe. It provides seaborne transportation services by operating vessels in the shipping industry's containership and dry bulk sectors.

Danaos operates through its expanding fleet of 73 container vessels ranging from 2,200 TEU to 13,100 TEU. It has 14 container vessels under construction and 10 Capesize dry bulk vessels. Furthermore, during the second quarter, Danaos received delivery of the first three new building containerships and added six new building containerships to its order book.

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