On the Record · Danaos
Danaos acquisitions, on the record
The businesses Danaos bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Gemini Shipholdings CorporationWord for word“On July 1, 2021 we exercised our option to acquire the remaining 51% equity interest in Gemini from Virage for $86.7 million, which was fully paid in cash in 2021.” 20-F for 2023 | acquisition | July 1, 2021 | $86.7 million |
three Capesize drybulk vessels aggregating 529,704 DWTWord for word“and in 2024, we acquired three additional Capesize drybulk vessels aggregating 529,704 DWT in capacity.” 20-F for 2024 | acquisition | in 2024 | — |
seven Capesize drybulk vesselsWord for word“In 2023, we added 7 Capesize drybulk vessels aggregating 1,231,157 DWT in capacity to our fleet, and in 2024, we acquired three additional Capesize drybulk vessels aggregating 529,704 DWT in capacity.” 20-F for 2024 | acquisition | in 2023 | — |
one 2,200 TEU vesselWord for word“From time to time we have sold, generally older, vessels in our fleet, including one 2,200 TEU vessel in 2024.” 20-F for 2024 | divestiture | in 2024 | — |
the container vessel Amalia CWord for word“In January 2023, we completed the sale of the container vessel Amalia C for net proceeds of $4.9 million resulting in a gain of $1.6 million.” 20-F for 2024 | divestiture | In January 2023 | $4.9 million |
the Catherine C and Leo CWord for word“In November 2022, we completed the sale of the Catherine C and Leo C for net proceeds of $128.0 million resulting in a gain of $37.2 million.” 20-F for 2024 | divestiture | In November 2022 | $128.0 million |
all of our remaining 7,186,950 ZIM ordinary sharesWord for word“In 2022, we sold all of our remaining 7,186,950 ZIM ordinary shares for $246.6 million.” 20-F for 2024 | divestiture | In 2022 | $246.6 million |
Eagle Bulk Shipping Inc. (EGLE) with Star Bulk Carriers Corp.Word for word“On December 11, 2023, Star Bulk Carriers Corp. (Ticker: SBLK), a NASDAQ-listed owner and operator of drybulk vessels and EGLE announced that both companies had entered into a definitive agreement to combine in an all-stock merger, which was completed on April 9, 2024.” 20-F for 2024 | merger | completed on April 9, 2024 | — |
one additional Capesize drybulk carrier with a capacity of 182,425 DWTWord for word“In 2025, we entered into a memorandum of agreement to acquire one additional Capesize drybulk carrier with a capacity of 182,425 DWT, which is expected to be delivered to us in March 2026.” 20-F for 2025 | agreed acquisition | In 2025 | — |
Read from Danaos’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023) and the financial data it files with the SEC, as of 2026-02-27. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.