• 2018 August 14 15:02

    Danaos Corporation announces closing of comprehensive debt refinancing

    Danaos Corporation, a leading international owner of containerships, has announced the consummation of its previously announced debt refinancing , significantly strengthening the Company's capital structure and reducing its outstanding debt by approximately $551 million.

    The debt refinancing strengthens the company's financial position through the significant debt reduction, reset financial and certain other credit facility covenants, modified interest rates and amortization profiles and the extension of existing debt maturities by approximately five years to December 31, 2023.  

    In connection with this debt refinancing, the company issued 99,342,271 shares of  common stock to certain of the company's lenders, representing 47.5% of the Company's outstanding common stock after such issuance, which diluted existing shareholders ratably.  

    Danaos Investment Limited has made various financial and operational commitments as part of the refinancing transactions, including a capital contribution to the Company at closing for which it did not receive any shares, which facilitated the transaction to the benefit of the company and all of its stakeholders. Danaos Investment Limited remains the company's largest stockholder following the transaction.  
    About Danaos Corporation

    Danaos Corporation's fleet of 59 containerships aggregating 352,600 TEUs, including four vessels owned by Gemini Shipholdings Corporation, a joint venture, ranks Danaos among the largest containership charter owners in the world based on total TEU capacity.




2018 November 12

18:01 Major ASW ship Severomorsk of RF Navy's Northern Fleet participates in Russian-Japanese exericse in the Gulf of Aden
17:42 Maritime Administration of Ukraine announced selection of 13 seaport captains
17:04 Maersk Line announces FAK rates from Northern Europe to Middle East and ISC
16:56 Danish shipyard orders large equipment package from Rolls-Royce
16:54 Wan Hai Lines orders 20 new vessels
16:50 Throughput of Rostov-on-Don port in 10M’18 up 18% Y-o-Y to 21.1 million tonnes
16:34 CMA CGM announces GRR from Asia to South Africa
16:22 RF Ministry of Industry and Trade announces tender for R&D and designing of marine systems and technologies
16:04 Bigger share of modal split envisaged for inland shipping in the Baltic Sea Region
15:51 RF Ministry of Industry and Trade announces tender for documentation on construction of Leader icebreaker
15:34 IMRF and The Nautical Institute sign MOU
15:20 Port of Liepaja (Latvia) handled 6.24 million tonnes of cargo in 10M'18, up 19% Y-o-Y
15:04 Yang Ming reports its financial results for 2018 Q3
14:46 Sea Port of Saint-Petersburg completes New Leaders project
14:31 ClassNK and TÜV Rheinland sign partnership agreement for cybersecurity services
14:03 Maersk Line announces rates from North Europe to Far East Asia
13:47 ICTSI plans to invest over P5 billion in Iloilo ports
13:28 Baltiysky Zavod shipyard loaded reactors onto nuclear-powered icebreaker Ural, second serial ship of Project 22220
12:40 Average wholesale prices for М-100 HFO down to RUB 20,508 in RF spot market
11:57 Reduced Klaipeda seaport charges for container ships to boost shipping development
11:34 IMO supports equal opportunities for women in fisheries
11:12 Trinidad and Tobago benefits from IMO port security training
10:49 RF Navy's Northern Fleet holds exercise to assist a submarine in distress
10:13 Brent Crude futures price up 1.55% to $71.27, Light Sweet Crude – up 0.96% to $60.77
09:56 Port of HaminaKotka throughput in 10M’2018 up 12.8% Y-o-Y to 13.57 million tonnes
09:34 Throughput of port Helsinki (Finland) in 10M'18 up 4.8% Y-o-Y to 12.38 million tonnes
09:15 Baltic Dry Index is down to 1,147 points
09:08 Global Maritime Administrators attend the 8th Maritime Public Leaders’ Programme in Singapore
08:51 TORM establishes joint venture with Guangzhou Shipyard International and ME Production to manufacture scrubbers to reduce sulfur emissions

2018 November 11

11:19 Maersk Line increases FAK rates from Far East Asia to Mediterranean
10:16 Day Tourist Tax for cruise passengers to apply to sea cruise and river cruise passengers in Amsterdam
09:13 Delegates from Lower Saxony of Germany Visited COSCO SHIPPING
08:11 New municipal Port Police Regulations come into force - Port of Antwerp

2018 November 10

21:08 DP World, UAE Region wins Seatrade Port & Terminal Operator Award
21:05 Royal IHC launches world’s largest cutter suction dredger SPARTACUS for DEME
20:41 Philippine Ports Authority heads towards full QMS, IMS compliance
08:25 Global Ship Lease announces new long-term charter agreements between Poseidon Containers and CMA CGM

2018 November 9

18:07 Port of Southampton upgrades cruise terminal
18:02 Sevmorzavod lays down non-self-propelled floating crane of Project ПК-700, Grigory Prosyankin
17:49 Marine Recruiting Agency celebrates its 17th anniversary
17:11 Taganrog Sea Commercial Port spent USD 49,400 for implementation of its social programme in 9M’2018
17:06 Project EMMA organizes its final conference to discuss the future of inland shipping in the Baltic Sea Region
16:43 Algoma Central Corporation announces purchase of product tanker for domestic fleet
16:18 USPA signs Memorandum of Cooperation with two leading ports of Egypt
15:52 Polskie LNG recognized as a leader in safe work
15:26 Throughput of Russian seaports in 10M’18 grew by 4% to 675.3 million tonnes
15:03 Palau International Ship Registry becomes the latest associate member of BIMCO
14:40 FESCO performed pilot delivery of grain from Krasnoyarsk to Ningbo by intermodal container service
14:29 Keppel secures production barge upgrade contract from KrisEnergy for S$30m
14:17 ABS joins forces introducing space technology to shipping
14:03 Maersk Container Industry to launch the reefer digitalisation service Sekstant®
13:34 TORM establishes joint venture with Guangzhou Shipyard International and ME Production to manufacture scrubbers to reduce sulfur emissions
13:34 NBBB to build four 90-ton BP tractor tugs for Foss Maritime
13:23 ABS presents at Int'l BWT Forum in Shanghai
12:48 WMU hosted final inter-regional Workshop on Risk Assessment Tools for Pollution Preparedness and Response
12:24 Port of Rotterdam Authority wins ESPO Award 2018
12:00 ESPO re-elects Eamonn O’Reilly as Chairman
11:36 IMO won’t call for pragmatic enforcement during initial phase of 2020
11:13 VT Halter Marine launches ATB Tug MV Evening Breeze
10:51 IBIA welcomes IMO’s 2020 preparatory advice for ships