Yahoo! Finance: DAC News

Latest Financial News for DANAOS CORPORATION

• Atlas Air Worldwide Holdings, Callon Petroleum and Trina Solar among 52-week lows (SmallCapInvestor.com)

  (Tue, 18 Nov 2008 21:02:23 Etc/GMT)

  Atlas Air Worldwide Holdings Inc. , Callon Petroleum Co. and Trina Solar Ltd. are among the new 52-week lows in Tuesday's trading among companies with market...

• Tight credit slows food and energy shipments (AP)

  (Tue, 4 Nov 2008 21:31:41 Etc/GMT)

  The growing financial crisis is constraining world trade with a jumbled mess of frozen credit that could mean shortages of food and energy supplies for some countries.

• Danaos Corporation Adds a New 4,253 TEU Containership to Its Fleet (Marketwire)

  (Tue, 4 Nov 2008 21:05:00 Etc/GMT)

• New Star Analyst Rankings for DANAOS CORPORATION (StarMine)

  (Mon, 3 Nov 2008 14:24:41 Etc/GMT)

• Danaos Corporation Reports Third Quarter and Nine Months Results for the Period Ended September 30, 2008 (Marketwire)

  (Fri, 31 Oct 2008 20:05:00 Etc/GMT)

• Q3 2008 DANAOS CORP Earnings Release - After Market Close (CCBN)

  (Fri, 31 Oct 2008 11:07:15 Etc/GMT)

• Reminder: Danaos Corporation, Navios Maritime Holdings and Tsakos Energy Panelists on "The Global Shipping Markets" at the Capital Link Forum (Marketwire)

  (Wed, 29 Oct 2008 16:08:00 Etc/GMT)

• Danaos sets 46.5-cent quarterly dividend (AP)

  (Tue, 28 Oct 2008 16:26:22 Etc/GMT)

  Danaos Corp. said its board declared a regular quarterly dividend of 46.5 cents. The Greece-based shipper said the dividend is payable Nov. 19 to shareholders of record on Nov. 5.

• Danaos Corporation Declares Dividend of $0.465 per Share for the Third Quarter of 2008 (Marketwire)

  (Mon, 27 Oct 2008 20:05:00 Etc/GMT)

• Danaos Corporation Announces Date for the Release of Third Quarter and Nine Months of 2008 Results, Conference Call and Webcast (Marketwire)

  (Tue, 21 Oct 2008 20:05:00 Etc/GMT)

Yahoo! Finance: DAC Financial Blogs

Latest Financial Financial Blogs for DANAOS CORPORATION

• SEA: Stable Returns in a Choppy Market? (at Seeking Alpha)

  (Sun, 12 Oct 2008 14:49:36 Etc/GMT)

MSN Money News - DAC

News about Danaos Corp

• Danaos Corporation Adds a New 4,253 TEU Container

  (Tuesday, November 04, 2008 4:05 PM)

  Danaos Corporation (NYSE: DAC) announcedthat yesterday, November 3, 2008, it took delivery of one morecontainership, the Zim Kingston. The vessel has a carrying capacity of4,253 TEU, was built by Samsung Heavy Industries and was delivered onschedule. The Zim Kingston has already commenced its 12 year time charterat fixed rates immediately upon delivery.

• Danaos Corporation Reports Third Quarter and Nine

  (Friday, October 31, 2008 4:05 PM)

  Danaos Corporation ("Danaos") (NYSE: DAC), aleading international owner of containerships, today reported unauditedresults for the period ended September 30, 2008.

• Reminder: Danaos Corporation, Navios Maritime Hol

  (Wednesday, October 29, 2008 12:08 PM)

• Danaos sets 46.5-cent quarterly dividend

  (Tuesday, October 28, 2008 12:26 PM)

  NEW YORK (AP) - Danaos Corp. said its board declared a regular quarterly dividend of 46.5 cents.

• Danaos Corporation Declares Dividend of $0.465 pe

  (Monday, October 27, 2008 4:05 PM)

  Danaos Corporation (NYSE: DAC) announcedthat it has declared a dividend of $0.465 per common share for the thirdquarter of 2008. The dividend is payable on November 19, 2008 to allshareholders of record as of November 5, 2008.

• Danaos Corporation Announces Date for the Release

  (Tuesday, October 21, 2008 4:05 PM)

  Danaos Corporation (NYSE: DAC) todayannounced that it will release its results for third quarter and ninemonths ended September 30, 2008 after the close of the market in New Yorkon Friday, October 31, 2008.

• CEOs of Danaos Corporation, Navios Maritime Holdi

  (Tuesday, October 21, 2008 2:57 PM)

  The CEOs of

DAC - News and Analysis from Seeking Alpha

'DAC' Tag RSS Syndication from SeekingAlpha.com

• SEA: Stable Returns in a Choppy Market?

  (Sun, 12 Oct 2008 10:49:36 -0400)

  Don Dion submits:

  In his recent lampoon of U.S. financial policy, Asia Times reporter Spengler noted, “An American economy based on opening containers from China and selling the contents at Wal-Mart (WMT), or trading houses back and forth, provides scant profitability.” While the future profitability of these methods is a subject of debate, Spengler ’s argument highlights an integral practice—one so ingrained that many fail to notice—the acquisition of raw and finished products overseas and the industry built around their transportation.

  Unless you live by Manhattan’s East River or in the port of Piraeus outside Athens, it is easy to...

• A New Way for Investors to Sail the Seas

  (Sun, 27 Jul 2008 05:13:56 -0400)

  Mike Havrilla submits:

  

  The above table (click on image for full-screen view) presents a Global Maritime BULLISHares Index of companies which must have market caps greater than $500 million US Dollars and derive the majority of their revenues from shipping activities.

  
  Complete Story »

• Rising Oil and the Future of Globalization: Implications for Transport Stocks

  (Fri, 27 Jun 2008 05:41:44 -0400)

  Rabinder Sekhon submits:Rabinder Sekhon

  As oil continues its upward trajectory, so have the costs of transporting goods and materials across oceans. In a globalized world reliant on shipping raw materials to one place to be made into finished goods and sent someplace else, this trend in costs is bound to make the economics of manufacturing in far off places questionable. This is especially true for low value to freight ratio products such as raw materials, furniture, apparel and machinery.

  At $200 a barrel, shipping a container from Shanghai to New York will cost $15,000, compared to $8,000 today and a mere...

• An Overview of the Global Shipping Industry

  (Tue, 10 Jun 2008 06:55:39 -0400)

  Howard Sun submits:

  Given the uncertainty of the domestic economy, one industry worth considering investing in is commercial shipping. Shipping is the primary means of international transportation of any essential raw material or finished good. Approximately 80% of the cargo and almost 100% of hydrocarbons moved today is by water. The global commercial shipping industry can be classified into the following categories: 

  click to enlarge

  
  Complete Story »

• Danaos Corporation: Stable Shipping Company Sports a 7.4% Yield

  (Wed, 07 May 2008 05:14:26 -0400)

  Before the advent of container shipping in the 1950s and 1960s, shipping goods meant loading individual irregular-shaped items onto a ship. This proved inefficient, as there was no way to move many individual items at once, and securing odd-shaped goods for an ocean voyage took a great deal of time and labor.

  Nowadays, items are packed into standard 20 or 40-foot long containers that can be stacked neatly on the decks of giant ships. Standardizing containers makes it easier to handle loading, unloading, and bundling cargo from multiple shippers. Containerships can carry cargoes as varied as auto parts, consumer goods and...

• Seaspan: Full Speed Ahead - Barron's

  (Sun, 01 Jul 2007 14:42:44 -0400)

  Annotated article summary from this weekend's Barron's. Receive all our Barron's summaries by signing up here:

  Smooth Sailing by Kopin Tan

  Summary: Growth and value play Seaspan (SSW) is a container ship-leasing company with a 6% dividend yield and significant exposure to China, which accounts for 1/3 of the global shipping trade. The first to lease ships, Seaspan has expanded its fleet of 55 ships worth $3.9 billion, from 23 ships, worth $1.5b, at its 2005 IPO. Seaspan anticipates 100 ships at a $7b-$10b value by 2010 through 1) Its geographically expanded client base, to hedge against China's frothy market....

• Everything You Wanted To Know About Shipping And Were Afraid To Ask

  (Thu, 28 Sep 2006 00:59:40 -0400)

  Danaos Corporation (DAC) filed for a NYSE IPO last week (see highlights from the filing). As part of the prospectus they included an exceptionally thorough analysis of the international shipping industry. We've included a taste from the prospectus here; the full text is a must read for investors in Seaspan (SSW), General Maritime Carriers (GMR) and Tsakos Energy Navigation (TNP) among many others.

  Introduction

  Shipping is a global industry and its prospects are closely tied to the level of economic activity in...

• Shipping IPO: Highlights from Danaos' SEC Filing

  (Tue, 26 Sep 2006 23:28:16 -0400)

  Danaos Corporation, one of the world's top ten containership charter owners, filed last week to go public on Nasdaq. Highlights and excerpts from the company's F-1 filing:

  Proposed Ticker: (DAC)

  Offering: 10.25 million shares at a range of $20-22 per share. At mid-range, net proceeds are estimated to be $198.2 million.

  
  Complete Story »

• Mabe Agrees to Buy Camco for C$70.4 Million

  (Mon, 03 Oct 2005 14:13:05 -0400)

  Controladora Mabe SA of Mexico agreed to buy Camco Inc., a Canadian maker of Hotpoint and GE brand washing machines and stoves, for about C$70.4 million ($57.8 million) to expand in Canada. Mabe offered C$3.52 a share for Camco, 53 percent higher than the July 22 closing price, Hamilton, Ontario-based Camco said in a statement. The transaction depends on 75.5 percent of the outstanding shares being tendered.
  
  General Electric Co., Camco's biggest shareholder and an investor in Mabe, agreed to sell its 51 percent stake. GSW Inc., the second-biggest holder with 20 percent of the shares, hasn't said whether...

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News for Danaos Corporation - Google Finance

News for Danaos Corporation - Google Finance

• DANAOS CORPORATION ADDS A NEW 4,253 TEU CONTAINERSHIP TO ITS FLEET

  (Thu, 06 Nov 2008 01:15:18 GMT)
  DANAOS CORPORATION ADDS A NEW 4,253 TEU CONTAINERSHIP TO ITS FLEET
  Maritime Global Net (press release) - Nov 6, 2008

  Athens , Greece , November 4 , 2008 - Danaos Corporation ( NYSE : DAC ) announced that yesterday , November 3 , 2008 , it took delivery of one more containership , the Zim Kingston.The vessel ...

• Danaos Corporation Adds a New 4,253 TEU Containership to Its Fleet

  (Tue, 04 Nov 2008 21:23:09 GMT)
  Danaos Corporation Adds a New 4,253 TEU Containership to Its Fleet
  Trading Markets (press release) - Nov 4, 2008

  ATHENS , GREECE , Nov 04 , 2008 ( MARKET WIRE via COMTEX ) - - DAC | Quote | Chart | News | PowerRating - - Danaos Corporation ( NYSE : DAC | Quote | Chart | News | PowerRating ) announced that ...

• Danaos Corporation Adds a New 4,253 TEU Containership to Its Fleet

  (Tue, 04 Nov 2008 21:21:34 GMT)
  Danaos Corporation Adds a New 4,253 TEU Containership to Its Fleet
  International Business Times - Nov 4, 2008

  ATHENS , GREECE - - ( Marketwire ) - - 11 / 04 / 08 - - Danaos Corporation ( NYSE : DAC ) announcedthat yesterday , November 3 , 2008 , it took delivery of one morecontainership , the Zim Kingston.The ...

• Danaos Corporation Adds a New 4,253 TEU Containership to Its Fleet

  (Tue, 04 Nov 2008 21:21:15 GMT)
  Danaos Corporation Adds a New 4,253 TEU Containership to Its Fleet
  CNNMoney.com - Nov 4, 2008

  Danaos Corporation ( NYSE : DAC ) announced that yesterday , November 3 , 2008 , it took delivery of one more containership , the Zim Kingston.The vessel has a carrying capacity of 4,253 TEU ...

• Citi Initiates Coverage on Danaos Corp (DAC) with a Hold

  (Tue, 04 Nov 2008 13:40:43 GMT)
  Citi Initiates Coverage on Danaos Corp (DAC) with a Hold
  StreetInsider.com (subscription) - Nov 4, 2008

  Citi analyst says , " Danaos charters its vessels to high - credit counterparties under very long term contracts at fixed revenue rates , effectively locking in revenue and cash generation.Based ...

• Markettelegraph.com: MarketTelegraph.com: Chat About: TICC & DAC

  (Mon, 03 Nov 2008 11:14:25 GMT)
  Markettelegraph.com: MarketTelegraph.com: Chat About: TICC & DAC
  Trading Markets (press release) - Nov 3, 2008

  Boston , MA , Nov 03 , 2008 ( M2 PRESSWIRE via COMTEX ) - - TICC | Quote | Chart | News | PowerRating - - TICC Capital Corp . ( NASDAQ : TICC ) ; Danaos Corporation ( NYSE : DAC )MarketTelegraph ...

• Danaos Corporation Reports Third Quarter and Nine Months Results for the Period Ended September 30, 2008

  (Fri, 31 Oct 2008 20:13:03 GMT)
  Danaos Corporation Reports Third Quarter and Nine Months Results for the Period Ended September 30, 2008
  CNNMoney.com - Oct 31, 2008

  Danaos Corporation ( " Danaos " ) ( NYSE : DAC ) , a leading international owner of containerships , today reported unaudited results for the period ended September 30 , 2008.- - Net earnings ...

• Reminder: Danaos Corporation, Navios Maritime Holdings and Tsakos Energy Panelists on "The Global Shipping Markets" at the Capital Link Forum

  (Wed, 29 Oct 2008 16:20:16 GMT)
  Reminder: Danaos Corporation, Navios Maritime Holdings and Tsakos Energy Panelists on "The Global Shipping Markets" at the Capital Link Forum
  MarketWatch - Oct 29, 2008

  NEW YORK , NY , Oct 29 , 2008 ( MARKET WIRE via COMTEX ) - - - - Dr . John Coustas , CEO of Danaos Corporation ( DAC :- - Mr . Ted Petrone , President , Navios Maritime Holdings ( NM :- - Mr ...

• Danaos Corporation Declares Dividend of $0.465 per Share for the Third Quarter of 2008

  (Wed, 29 Oct 2008 08:15:24 GMT)
  Danaos Corporation Declares Dividend of $0.465 per Share for the Third Quarter of 2008
  PR-USA.net (press release) - Oct 29, 2008

  Danaos Corporation ( NYSE : DAC ) announced that it has declared a dividend of $0.465 per common share for the third quarter of 2008.The dividend is payable on November 19 , 2008 to all shareholders ...

• Danaos Corporation Declares Dividend of $0.465 per Share for the Third Quarter of 2008

  (Mon, 27 Oct 2008 20:24:46 GMT)
  Danaos Corporation Declares Dividend of $0.465 per Share for the Third Quarter of 2008
  CNNMoney.com - Oct 27, 2008

  Danaos Corporation ( NYSE : DAC ) announced that it has declared a dividend of $0.465 per common share for the third quarter of 2008.The dividend is payable on November 19 , 2008 to all shareholders ...

  Danaos Corporation (NYSE: DAC) declared a dividend of $0.465 per common share for the third - StreetInsider.com (subscription)
  

MarketWatch.com - All MarketWatch News - DAC

MarketWatch, a leading publisher of business and financial news, offers users up-to-the minute news, investment tools, and subscription products.

• LNC CFO: If markets fall 30% in 4th quarter, account values would fall $15B-$17B

  (Wed, 19 Nov 2008 10:26:58 -0500)

  CHICAGO (MarketWatch) -- If the equity market continues to fall throughout the fourth quarter, insurer Lincoln National Corp. will see a big drop in its account values, the company's chief financial officer said Wednesday. In October, the Standard & Poor's Index fell 17%, which reduced the company's retirement solutions account values by $11 billion and caused estimated deferred acquisition costs, or DAC, unlocking of $200 million to $300 million after tax, and the situation could look worse if the market continues to drop.

• Senate leader retracts insurer warning; firms say they're healthy

  ()

  Insurers’ shares tumble after Sen. Harry Reid said a well-known company in the sector was close to bankruptcy, but he later retracted his remarks.

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