ATHENS,
Greece, April 14, 2025 /PRNewswire/ -- Danaos
Corporation (NYSE: DAC) announces that its Board of Directors has
approved the upsizing of its common stock repurchase program by an
additional $100 million. The Company
has already executed on share repurchases of approximately
$196 million out of the $200 million existing share repurchase program
that is now being upsized to a total of $300
million. Shares may be purchased in open market or privately
negotiated transactions, at times and prices that are deemed
appropriate by the Company, and the program may be suspended or
discontinued at any time.
About Danaos Corporation
Danaos Corporation is one of the largest independent owners of
modern, large-size containerships. Our current fleet of 74
containerships aggregating 471,477 TEUs and 15 under construction
containerships aggregating 128,220 TEUs ranks Danaos among the
largest containership charter owners in the world based on total
TEU capacity. Danaos has also recently invested in the dry bulk
sector with the acquisition of 10 capesize bulk carriers
aggregating 1,760,861 DWT. Our fleet is chartered to many of the
world's largest liner companies on fixed-rate charters. Our long
track record of success is predicated on our efficient and rigorous
operational standards and environmental controls. Danaos
Corporation's shares trade on the New York Stock Exchange under the
symbol "DAC".
Visit our website at www.danaos.com
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SOURCE Danaos Corporation