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DAC stock news

A "black swan" event shuts down your most important demand driver, China, and rattles your investors' confidence. Your stock plunges, and then, just when everything is really hitting the fan, you have to do that quarterly conference call with analysts you scheduled a few weeks ago, back when the world was a different place and you were planning on talking about something else. Such is the current fate of U.S.-listed ocean shipping company CEOs. There were two calls on Tuesday for larger public players in entirely different sectors – product-tanker owner Ardmore Shipping (NYSE: ASC ) and container-ship lessor Danaos Corporation (NYSE: DAC ). Coronavirus was highlighted on both calls. The theme being espoused by ocean-shipping executives is: This will pass, and when it does, the market is going overshoot to the upside. Product-Tanker Consequences "We don't usually comment on share price, but today, we're going to make an exception," said Ardmore CEO Anthony Gurnee on his company's call with analysts. Read more
Danaos Corporation (DAC) stock may be a good choice for value-oriented investors right now from multiple angles. Read more
Danaos Corp . (NYSE: DAC ) said operating revenues and net income in the third quarter ending Sept. 30 were lower than in the same period last year, but that the market for chartering containerships "has strengthened considerably" the past six months. Danaos reported net income of $33.9 million in the three months ending Sept. 30, 2019, compared with $127.2 million in the third quarter last year. Operating revenue was $111.8 million in the third quarter of 2019, compared with $117.8 million in the same 2018 period. Adjusted net income in the third quarter this year was $37.9 million, while in the third quarter of 2018 it was $37.5 million. John Coustas, CEO of Athens-based Danaos, said the charter market for containerships has been stronger "particularly for vessels larger than 5,500 TEU, although we have also seen an improvement in charter rates for Panamax vessels." Panamax containerships, the largest able to transit the old locks at the Panama Canal, commonly have a capacity of around … Read more
Lower operating revenues are likely to have affected Danaos Corporation's (DAC) third-quarter 2019 performance. Read more
Danaos (DAC) delivered earnings and revenue surprises of 6.67% and 5.56%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock? Read more
IMO 2020 – the global cap on sulfur in fuel and emissions that begins next January – is widely viewed as a positive for this year's ocean … Read more
Danaos Corporation (NYSE:DAC) Q1 2019 Earnings Conference Call May 14, 2019 09:00 a.m. ET Company Representatives Dr. John Coustas - Chief Executive Officer Eva Read more
Danaos (DAC) closed at $0.86 in the latest trading session, marking a +0.61% move from the prior day. Read more
Is (DAC) Outperforming Other Transportation Stocks This Year? Read more
Investors may be focusing on technical signals for Danaos Corp (DAC). Looking at the reading from the 20-day moving average vs price signal, we can see that the signal is showing Sell. This is the sig Read more
Is (DAC) Outperforming Other Transportation Stocks This Year? Read more

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