{"id":128515,"date":"2018-02-14T12:20:51","date_gmt":"2018-02-14T10:20:51","guid":{"rendered":"https:\/\/maritimes.gr\/danaos-corporation-reports-results-for-the-fourth-quarter-and-year-ended-december-31-2017-02122018\/"},"modified":"2018-02-14T12:20:51","modified_gmt":"2018-02-14T10:20:51","slug":"danaos-corporation-reports-results-for-the-fourth-quarter-and-year-ended-december-31-2017-02122018","status":"publish","type":"post","link":"https:\/\/maritimes.gr\/en\/danaos-corporation-reports-results-for-the-fourth-quarter-and-year-ended-december-31-2017-02122018\/","title":{"rendered":"Danaos Corporation Reports Results for the Fourth Quarter and Year Ended December 31, 2017 02\/12\/2018"},"content":{"rendered":"

\"\"Danaos Corporation, one of the world’s largest independent owners of containerships, reported (12\/02) unaudited results for the fourth quarter and the year ended December 31, 2017.<\/p>\n

Highlights for the Fourth Quarter and Year Ended December 31, 2017:<\/p>\n

– Adjusted net income1 of $31.2 million, or $0.28 per share, for the three months ended December 31, 2017 compared to $23.2 million, or $0.21 per share, for the three months ended December 31, 2016, an increase of 34.5\\%. Adjusted net income1 of $114.9 million, or $1.05 per share, for the year ended December 31, 2017 compared to $140.9 million, or $1.28 per share, for the year ended December 31, 2016, a decrease of 18.5\\%.<\/p>\n

– Operating revenues of $114.2 million for the three months ended December 31, 2017 compared to $112.1 million for the three months ended December 31, 2016, an increase of 1.9\\%. Operating revenues of $451.7 million for the year ended December 31, 2017 compared to $498.3 million for the year ended December 31, 2016, a decrease of 9.4\\%.<\/p>\n

– Adjusted EBITDA1 of $80.0 million for the three months ended December 31, 2017 compared to $75.9 million for the three months ended December 31, 2016, an increase of 5.4\\%. Adjusted EBITDA1 of $310.4 million for the year ended December 31, 2017 compared to $350.6 million for the year ended December 31, 2016, a decrease of 11.5\\%.<\/p>\n

-Total contracted operating revenues were $1.7 billion as of December 31, 2017, with charters extending through 2028 and remaining average contracted charter duration of 5.7 years, weighted by aggregate contracted charter hire.<\/p>\n

-Charter coverage of 86\\% for the next 12 months based on current operating revenues and 69\\% in terms of contracted operating days.<\/p>\n

danaos.com<\/a>
 <\/p>\n","protected":false},"excerpt":{"rendered":"

Danaos Corporation, one of the world’s largest independent owners of containerships, reported (12\/02) unaudited results […]<\/p>\n","protected":false},"author":1,"featured_media":128513,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[273],"tags":[],"class_list":["post-128515","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maritimes-news"],"yoast_head":"\nDanaos Corporation Reports Results for the Fourth Quarter and Year Ended December 31, 2017 02\/12\/2018 - Maritimes<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/maritimes.gr\/en\/danaos-corporation-reports-results-for-the-fourth-quarter-and-year-ended-december-31-2017-02122018\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Danaos Corporation Reports Results for the Fourth Quarter and Year Ended December 31, 2017 02\/12\/2018 - 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