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Danaos Corporation

Danaos Corporation
Traded as DAC
Industry Shipping
Founded 1972
Founder Dimitris Coustas
Headquarters Piraeus, Greece
Area served
Worldwide
Key people
Dr. John Coustas (CEO)
Iraklis Prokopakis (COO)
Products Container Shipping
Revenue Increase US$138.6 million (2015)
Profit Increase US$30.6 million (2015)
Total assets Increase US$3.788 billion (2015)
Total equity Increase US$830.2 million (2015)
Owner Dr. John Coustas (61.8%)
George Economou (10.4%)
Number of employees
200 (2013)
Website www.danaos.com

Danaos Corporation is a leading international owner of containerships, chartering vessels to many of the world's largest liner companies. Danaos as of June 6, 2013, Danaos has a fleet of 61 container ships aggregating 352,065 TEUs, making it among the largest container ship charter owners in the world.

Danaos charters its containerships to a geographically diverse group of liner companies, including most of the largest ones globally. Such customers include Hyundai Merchant Marine, CMA-CGM, Hanjin Shipping, Yang Ming, Zim Integrated Shipping Services, Mediterranean Shipping Company, Maersk, Simatech Shipping LLC, COSCO, Hapag-Lloyd, Neptune Orient Lines, Norasia Container Lines Ltd and Wan Hai Lines.

The headquarters are located in Piraeus Greece, but there is also a Branch Office in Pusan for Technical Support provided by own Riding Team. Moreover, a substantial part of Danaos chartering operations is carried out through Danaos Hamburg office, while the two offices based in Ukraine (Odessa, Mariupol), the one in Russia (St. Petersburg) and the one in Tanzania (Zanzibar), assist Crewing department with the task of globally coordinating manning of Danaos vessels.

Dimitris Coustas born in 1928 and worked professionally in the field of footwear. Managed to create a self-made one shoe industry employed 250 workers. In the early '60s D. Koustas with Nicholas Gregory founded the shipping company Roumeli Shipping and they bought their first vessel, which they named "Amalia". The company in 1966 ran three ships. The year 1970 D. Coustas bought the entire company and within five years has created a fleet of five ships with capacity of 35,000 tons. After the regime change, the company was renamed Danaos Shipping. In 1981, on the eve of the great maritime crisis D. Coustas kept a ship, 'John' (after his son) and proceeded to build three more ships, which were delivered in 1984.

In 1986 he founded together with his friend Dimitris Theodossiou company Danaos Management Consultants who created innovative and dynamic software navigation, essential for the functioning of companies and ships.


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