Danaus

Country Life® Fortifies Leadership with Seasoned CEO and CFO Appointments

Retrieved on: 
Thursday, April 4, 2024
Growth, Country, Clearcutting, CFO, Country Life, Life, Acquisition, Ben, Danaus, NSF, Fortune 500, Biochemistry, Economics, Ben & Jerry's, Management

HAUPPAUGE, N.Y., April 4, 2024 /PRNewswire-PRWeb/ -- Country Life®, a pioneer in the natural products industry, announces the appointment of Rob Robillard as chief executive officer and Dan Danai as chief financial officer. Following its acquisition by Denver, CO-based private equity firm Lion Equity Partners in 2023, Country Life is strategically positioning itself for future growth. The addition of Robillard and Danai underscores the company's commitment to expanding its existing brands, including Country Life® Vitamins, Desert Essence®, and Biochem®, and pursuing opportunities for acquisitions in the wellness and beauty sectors.

Key Points: 
  • Following its acquisition by Denver, CO-based private equity firm Lion Equity Partners in 2023, Country Life is strategically positioning itself for future growth.
  • Rob Robillard, CEO, Country Life
    Robillard brings a wealth of leadership experience in both retail and private equity sectors.
  • Danai joins Country Life with extensive financial and managerial experience garnered from Fortune 500 companies, and small to medium sized businesses.
  • Country Life is poised for expansion and innovation under the leadership of Robillard and Danai.

Danaos Corporation Reports Third Quarter and Nine Months Ended September 30, 2023

Retrieved on: 
Monday, November 13, 2023
Maritime, Transport, Logistics, Supply Chain Management, Other Transport, Carbon, Sale, Webcast, EBITDA, Vice, Pressure, Research, Policy, Special, Senior, Commercial, Depreciation, Capesize, Investment, ZIM, Share repurchase, Tax, Debt-to-GDP ratio, Note, Table, Retirement, DWT, TEU, Bookkeeping, Credit, Airline, Cryptocurrency, Clothing, Shipbuilding, Real estate, Rare-earth element, Birth control, Security (finance), Management, Internet service provider, Adjustment, Danaus

Three months ended September 30, 2023 compared to the three months ended September 30, 2022

Key Points: 
  • Three months ended September 30, 2023 compared to the three months ended September 30, 2022
    During the three months ended September 30, 2023, Danaos had an average of 68.0 container vessels compared to 71.0 container vessels during the three months ended September 30, 2022.
  • Operating revenues for the three months ended September 30, 2023 reflected:
    a $9.5 million decrease in revenues in the three months ended September 30, 2023 compared to the three months ended September 30, 2022 due to decreased amortization of assumed time charters,
    a $5.5 million decrease in revenues in the three months ended September 30, 2023 compared to the three months ended September 30, 2022 due to vessel disposals;
    a $3.1 million decrease in revenues in the three months ended September 30, 2023 compared to the three months ended September 30, 2022 due to lower non-cash revenue recognition in accordance with US GAAP; and
    a $2.7 million decrease in revenues in the three months ended September 30, 2023 compared to the three months ended September 30, 2022 mainly as a result of lower charter rates;
    Vessel operating expenses increased by $0.3 million to $39.5 million in the three months ended September 30, 2023 from $39.2 million in the three months ended September 30, 2022, primarily as a result of an increase in the average daily operating cost for vessels on time charter to $6,499 per vessel per day for the three months ended September 30, 2023 compared to $6,173 per vessel per day for the three months ended September 30, 2022, which was partially offset by a decrease in the average number of vessels in our fleet.
  • Nine months ended September 30, 2023 compared to the nine months ended September 30, 2022
    During the nine months ended September 30, 2023, Danaos had an average of 68.1 container vessels compared to 71.0 container vessels during the nine months ended September 30, 2022.
  • Operating revenues for the nine months ended September 30, 2023 reflect:
    a $33.2 million increase in revenues in the nine months ended September 30, 2023 compared to the nine months ended September 30, 2022 mainly as a result of higher charter rates;
    a $29.5 million decrease in revenues in the nine months ended September 30, 2023 compared to the nine months ended September 30, 2022 due to decreased amortization of assumed time charters;
    a $14.2 million decrease in revenues in the nine months ended September 30, 2023 compared to the nine months ended September 30, 2022 due to vessel disposals; and
    a $6.1 million decrease in revenues in the nine months ended September 30, 2023 compared to the nine months ended September 30, 2022 due to lower non-cash revenue recognition in accordance with US GAAP.

Danaos Corporation Reports Second Quarter and Half Year Results for the Period Ended June 30, 2023

Retrieved on: 
Monday, August 7, 2023
Maritime, Transport, Logistics, Supply Chain Management, Carbon, Social responsibility, TEU, Defer, Note, Share repurchase, Table, Perception, Debt-to-GDP ratio, Tax, Special, Weakness, Record, Research, Sale, EBITDA, Documentation, IMO, Capesize, Investment, Depreciation, Gold, Amalia, ZIM, Webcast, ESG, Environment, Longevity, Adjustment, NYSE, DWT, Credit, Renewable energy, Shipbuilding, Security (finance), Airline, Cryptocurrency, Clothing, Rare-earth element, Real estate, Life insurance, Internet service provider, Danaus, Eagle

Three months ended June 30, 2023 compared to the three months ended June 30, 2022

Key Points: 
  • Three months ended June 30, 2023 compared to the three months ended June 30, 2022
    During the three months ended June 30, 2023, Danaos had an average of 68.0 containerships compared to 71.0 containerships during the three months ended June 30, 2022.
  • Our fleet utilization for the three months ended June 30, 2023 was 98.7% compared to 99.9% for the three months ended June 30, 2022.
  • Six months ended June 30, 2023 compared to the six months ended June 30, 2022
    During the six months ended June 30, 2023, Danaos had an average of 68.2 containerships compared to 71.0 containerships during the six months ended June 30, 2022.
  • Our fleet utilization for the six months ended June 30, 2023 was 97.8% compared to 98.7% for the six months ended June 30, 2022.

Danaos Corporation Announces Retirement of Mr. Iraklis Prokopakis, Senior Vice President and Chief Operating Officer of Danaos Corporation

Retrieved on: 
Monday, May 15, 2023
Maritime, Transport, Logistics, Supply Chain Management, Other Transport, Commercial, Retirement, Corporation, Senior, NYSE, Strategic planning, Management, Danaus, G.S. Iraklis (Thessaloniki)

Danaos Corporation (“Danaos”) (NYSE:DAC) announced today that Iraklis Prokopakis will retire from his executive role as Senior Vice President and Chief Operating Officer during the fourth quarter of 2023.

Key Points: 
  • Danaos Corporation (“Danaos”) (NYSE:DAC) announced today that Iraklis Prokopakis will retire from his executive role as Senior Vice President and Chief Operating Officer during the fourth quarter of 2023.
  • The position of Chief Operating Officer will be assumed by Dimitris Vastarouchas who currently serves as Deputy Chief Operating Officer of Danaos.
  • He was promoted to Technical Director of our Manager in 2005 and has served as Deputy Chief Operating Officer of Danaos for the last 12 years.
  • Additionally, Filippos Prokopakis, who currently serves as Commercial Director of our Manager, will be appointed as Chief Commercial Officer of Danaos.

Danaos Corporation Reports First Quarter Results for the Period Ended March 31, 2023

Retrieved on: 
Monday, May 15, 2023
Finance, Maritime, Logistics, Supply Chain Management, Professional Services, Transport, Carbon, TEU, Maintenance, Defer, Note, Chinese New Year, Share repurchase, Table, Chinese New Zealanders, Debt-to-GDP ratio, Tax, Special, CII, Research, Sale, EBITDA, Investment, Depreciation, Amalia, ZIM, Webcast, Growth, Credit, Tourism, Cryptocurrency, Airline, Real estate, Beauty salon, Holding company, Internet service provider, Danaus, Adjustment

“Danaos reports yet another solid quarter, despite the continuing geopolitical uncertainty and the turmoil in the financial markets.

Key Points: 
  • “Danaos reports yet another solid quarter, despite the continuing geopolitical uncertainty and the turmoil in the financial markets.
  • Three months ended March 31, 2023 compared to the three months ended March 31, 2022
    During the three months ended March 31, 2023, Danaos had an average of 68.3 containerships compared to 71.0 containerships during the three months ended March 31, 2022.
  • Our fleet utilization for the three months ended March 31, 2023 was 96.8% compared to 97.4% for the three months ended March 31, 2022.
  • Average indebtedness was $507.7 million in the three months ended March 31, 2023, compared to average indebtedness of $1,356.7 million in the three months ended March 31, 2022.

Danaos Corporation Reports Results for the Fourth Quarter and Year Ended December 31, 2022

Retrieved on: 
Tuesday, February 14, 2023
Supply Chain Management, Retail, Maritime, Transport, Logistics, Other Transport, Carbon, Special, Collection, HMM, Investment, Debt-to-GDP ratio, Note, Acquisition, EBITDA, Webcast, Credit, Sale, Citibank, Leo C. Young, Table, Index, TEU, Hanjin Shipping, Credit Accumulation and Transfer Scheme, Defer, Alpha Bank, COVID-19, Katherine, Depreciation, ZIM, Tax, CII, Cryptocurrency, Real estate, Shipbuilding, Pharmaceutical industry, Bank, Security (finance), Holding company, Internet service provider, Danaus

We remain committed to our strategy of accretive growth and delivering superior results for our shareholders.”

Key Points: 
  • We remain committed to our strategy of accretive growth and delivering superior results for our shareholders.”
    Three months ended December 31, 2022 compared to the three months ended December 31, 2021
    During the three months ended December 31, 2022, Danaos had an average of 69.8 containerships compared to 70.9 containerships during the three months ended December 31, 2021.
  • Our fleet utilization for the three months ended December 31, 2022 was 94.8% compared to 97.4% for the three months ended December 31, 2021.
  • Year ended December 31, 2022 compared to the year ended December 31, 2021
    During the year ended December 31, 2022, Danaos had an average of 70.7 containerships compared to 64.2 containerships during the year ended December 31, 2021.
  • Our fleet utilization for the year ended December 31, 2022 was 97.3% compared to 98.2% for the year ended December 31, 2021.

Danaos Corporation Announces Senior Notes Repurchase

Retrieved on: 
Thursday, December 1, 2022
Fleet Management, Maritime, Logistics, Supply Chain Management, Transport, Automotive, COVID-19, Insurance, Transport, Securities & Exchange Commission of Pakistan, Maritime Transportation Security Act of 2002, TEU, Accident, NYSE, Album-equivalent unit, Corporation, Danaus

Danaos Corporation (NYSE: DAC), one of the worlds largest independent owners of containerships, today announced that it expects to repurchase $37.234 million of its 8.500% unsecured senior notes due 2028 in a privately negotiated transaction.

Key Points: 
  • Danaos Corporation (NYSE: DAC), one of the worlds largest independent owners of containerships, today announced that it expects to repurchase $37.234 million of its 8.500% unsecured senior notes due 2028 in a privately negotiated transaction.
  • Danaos Corporation is one of the largest independent owners of modern, large-size containerships.
  • Although Danaos Corporation believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, Danaos Corporation cannot assure you that it will achieve or accomplish these expectations, beliefs or projections.
  • Risks and uncertainties are further described in reports filed by Danaos Corporation with the U.S. Securities and Exchange Commission.

Danaos Corporation Announces Date for the Release of Third Quarter 2022 Results, Conference Call and Webcast

Retrieved on: 
Wednesday, November 2, 2022
Fleet Management, Maritime, Logistics, Supply Chain Management, Transport, Automotive, Webcast, NYSE, New, TEU, Danaus, Corporation, Album-equivalent unit, Costamare, Internet service provider

The Companys management team will host a conference call to discuss the results on Tuesday, November 8, 2022 at 9:00 A.M.

Key Points: 
  • The Companys management team will host a conference call to discuss the results on Tuesday, November 8, 2022 at 9:00 A.M.
  • A live audio webcast of the conference call will be available through the Danaos Corporation website ( www.danaos.com ).
  • Participants of the live audio webcast should register on the website approximately 10 minutes prior to the start of the webcast.
  • Danaos Corporation is one of the largest independent owners of modern, large-size containerships.

POSEIDON ACQUISITION CORP. UNILATERALLY INCREASES ITS BID PRICE TO ACQUIRE ALL COMMON SHARES OF ATLAS CORP. NOT CONTROLLED BY ITS MAJORITY SHAREHOLDERS TO $15.50 PER SHARE IN CASH

Retrieved on: 
Monday, September 26, 2022
Professional Services, Finance, United States Department of the Treasury, Labor Day, World Bank, ONE, Danaus, COVID-19, TEU, Atlas Corporation, International Maritime Organization, COSCO, Risk, LIBOR, Hope, Treasury, Contract, Nature, Pressure, Select or special committee (United States Congress), Industry, World, Letter, APR, Solution, Committee, Water, Annual report, Renewable energy, Airline

In an effort to reach a conclusion and bring certainty to Atlas and its shareholders, we are hereby increasing our offer from $14.45 to $15.50 per common share.

Key Points: 
  • In an effort to reach a conclusion and bring certainty to Atlas and its shareholders, we are hereby increasing our offer from $14.45 to $15.50 per common share.
  • We do believe that Atlas shareholders are amenable to a transaction and would want the opportunity to consider this proposal for themselves.
  • It is our hope and preference to work constructively with the Special Committee to allow them to do as such.
  • Inflation remains a key concern to major economies, with the US Labor Departments index reporting consumer price inflation of 8.3% year-on-year for August 2022.

Danaos Corporation Announces Date for the Release of Second Quarter 2022 Results, Conference Call and Webcast

Retrieved on: 
Wednesday, July 27, 2022
Transport, Maritime, NYSE, Danaus, Webcast, TEU, Corporation, New, Album-equivalent unit, Internet service provider

Danaos Corporation (NYSE: DAC), one of the worlds largest independent owners of containerships, announced today that it will release its results for the second quarter ended June 30, 2022, after the close of the market in New York on Monday, August 1, 2022.

Key Points: 
  • Danaos Corporation (NYSE: DAC), one of the worlds largest independent owners of containerships, announced today that it will release its results for the second quarter ended June 30, 2022, after the close of the market in New York on Monday, August 1, 2022.
  • The Companys management team will host a conference call to discuss the results on Tuesday, August 2, 2022 at 9:00 A.M.
  • A live audio webcast of the conference call will be available through the Danaos Corporation website ( www.danaos.com ).
  • Participants of the live audio webcast should register on the website approximately 10 minutes prior to the start of the webcast.