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Home/News Feed/Danaos reports Q1 2026 net income of $140.4M, expands fleet with new containership and dry bulk orders.
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Danaos reports Q1 2026 net income of $140.4M, expands fleet with new containership and dry bulk orders.

Company Fundamentals
11 May 2026
PRNewsWire
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Bullish
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Danaos Corporation reported a net income of $140.4 million for Q1 2026, up from $115.1 million in Q1 2025, driven by improved dry bulk market conditions and strategic fleet expansions. The company added new orders for containerships and Newcastlemax dry bulk carriers, increasing its contracted revenue backlog to $4.1 billion. Danaos also refinanced debt and maintained strong liquidity of $1.3 billion, positioning itself for future growth amid ongoing geopolitical uncertainties. A dividend of $0.90 per share was declared, payable in June 2026.

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