HISTORY

Danaos was set up in 1972 by Dimitri Coustas, an experienced shipping investor who had been active in the industry since 1963. Having consistently developed sea transport services throughout its history, Danaos has forged a reputation for high-quality operational support to liner companies and other charterers throughout the world.

A feature of Danaos Corporation is a distinct edge in high technology and information systems developed by our affiliate software house, Danaos Management Consultants, a world leader in IT solutions for shipping applications. The financial muscle of Danaos stems from Management's ability to exploit market opportunities during periods of reduced demand and prices, as well as of strong fundamentals. The company has experienced profitable growth in all periods of the shipping cycle.

Since John Coustas took over as CEO in 1987, the business has expanded from three multipurpose vessels to a modern, purposeful fleet of 56 containerships. 1993 to 2005 saw the Danaos containership capacity grow at a 32% annual compound rate, a leading performance within the industry.

Shipping operations were consolidated under a single entity in 1998, and Danaos is today domiciled in the Republic of the Marshall Islands, with operations conducted out of Greece and Germany. After more than 30 years of operation, this privately-owned corporation is well established in the shipping industry and proud to claim its name as one of its most valuable off balance sheet assets.

Danaos Corporation © 2011