Danaos Corp. is making cautious investment choices, but it maintains 546 million dollars in cash, its contracted revenues for the coming years amount to 3.6 billion, and the company’s leverage is only 0.31 (Net Debt/LTM Adjusted EBITDA).
Specifically, the NYSE-listed shipping company of Dr. John Coustas, whose stock has been trading at 12-month highs for the last two weeks, recorded revenue of 515.4 million dollars in the first half of 2025, up from 499.7 million a year ago.
The company’s adjusted profits amounted to 230.3 million dollars, compared to 272 million dollars in the first half of last year.
Regarding the investment plan of the company, which is one of the largest independent containership management companies, while it also has 10 capesize bulkers in its fleet, Dr. Coustas pointed out: “We maintain our disciplined approach to capital allocation. We do not participate in the current wave of speculative orders, especially in the feeder sector, where prices appear disconnected from long-term market fundamentals.
Instead, we are only making investments that meet our performance criteria. In the second quarter, we added another 6,000 TEU vessel to our order book, from a shipyard with which we already have a partnership. Importantly, this vessel already has a secured five-year contract with a long-standing customer, ensuring visibility and attractive returns.”
Turning to the market, Coustas noted: “As we move into the second half of the year, some of the uncertainties surrounding global trade are starting to recede. In particular, there is increasing clarity on tariffs, many of which have already been finalized or are set to be set at much lower levels than initially anticipated.”
“Although tariffs on imports into the United States will remain significantly higher than historical averages, the US economy is solid and consumers continue to buy imported goods. As inventories balance out, we expect a gradual improvement in trade flows,” he noted while emphasizing:
“Our chartering strategy continues to deliver. We have added approximately 113 million dollars to our revenue backlog since our previous announcement, while our total contracted revenue of 3.6 billion provides us with substantial protection against short-term market fluctuations.
Charter day coverage is at 99% for 2025 and 88% for 2026, including newbuildings to be delivered in that period.”
Regarding the dry bulk sector, he noted: “We have seen some seasonal gains in the market, but overall weakness remains, mainly due to deflationary pressures in China. “
“Although we continue to examine potential opportunities in this sector, the values of modern ships remain at high levels and we are in no hurry to commit capital in an unstable macroeconomic environment,” Coustas said.
