Danaos (DAC) has released an update.
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.
Trending Articles
- M&A News: Paramount’s (NASDAQ:PARA) Merger with Skydance May Get Delayed
- Ford (NYSE:F) Cuts Hours At German EV Plant
- Did Intel (NASDAQ:INTC) Win the “Server Recession?”
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
