Danaos Benefits from Increasing Demand in Container Shipping
Danaos(DAC) MarketBeat·2024-06-12 19:40
Danaos Corp. NYSE: DAC is a leader in the global container shipping industry. The company specializes in operating dry bulk and container vessels. Danaos owns and operates its fleet of container vessels but also maintains a smaller fleet of dry bulk vessels to transport bulk commodities like coal, iron ore, and grain. The dry bulk division has Capesize vessels, which are enormous ships that are too large to pass through the Panama Canal, so they need to go around the Cape of Good Hope and Cape Horn, thus th ...