Danaos (DAC) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Danaos Corporation reported a 7.1% increase in operating revenues for Q3 2024 compared to the same period in 2023, driven by the addition of Capesize drybulk vessels which contributed $20.6 million. However, the segment of container vessels saw a slight decline in revenue due to lower charter rates and vessel disposals. The company also experienced higher voyage and operating expenses due to the expanded fleet, alongside increased interest expenses due to higher indebtedness.
For further insights into DAC stock, check out TipRanks’ Stock Analysis page.
