Danaos (DAC) has released an update.
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Danaos Corporation reports a 4% increase in operating revenues, reaching $253.4 million in Q1 2024, driven by its expanded fleet that now includes 7 drybulk vessels alongside 68 container vessels. However, higher voyage expenses and an increase in general and administrative costs have affected the overall financial performance. The company also experienced a significant decrease in interest expense due to reduced average indebtedness and increased capitalized interest.
For further insights into DAC stock, check out TipRanks’ Stock Analysis page.
