ESG
REPORT 2024
DANAOS
Message from the Company’s Management
We need a shared vision to achieve a truly sustainable future.
A “good business” that delivers real value can be a driving force for fundamental change and long-term profitable growth, from which everyone can benefit.
We understand that long-term success and sustainability depends on resolving the challenges of both people and the planet, while ensuring profitability, rather than profiting from causing problems. We need global community working together to build a cleaner-energy future, ensuring transparency and integrity.
The journey towards decarbonization is a challenging one and we have made a deliberate effort to reduce our environmental impact. We realize that the responsibility goes beyond our operational control and will require a collaborative effort from all related stakeholders.
At Danaos, we support the transition to a lower-carbon future. We have already made significant investments, including 6 methanolready container vessels delivered in 2024, and additional 16 methanol-ready container vessels will follow between 2025-2028 with the aim of using green methanol as it becomes available. 9 of these vessels will also be ammonia-ready.
We have incorporated sustainability into corporate culture, and we have implemented several improvements to our sustainability governance. We have already achieved our 2030 carbon intensity reduction goal, six years ahead of schedule and we are on right track to meet our other commitments across the environmental, social and governance dimensions.
We recognize that digitalization and decarbonization are closely aligned. Over the past years, we have invested in fully digitizing our processes to ensure transparency and enhance operational excellence. Digitalization is a key driver for promoting efficient, sustainable operations and strengthening our competitiveness.
We remain committed to our mission to provide efficient, safe and sustainable transportation of goods, while carefully planning our actions to meet tomorrow’s expectations in all ESG dimensions. As corporate leaders, we are charting a course towards a sustainable future, providing a positive and lasting impact on our shareholders, employees and society in general.
Far East – U.S. East Coast
Far East – U.S. West Coast
Far East – Central America
Far East – Southwest America
Far East – U.S. West Coast- Southwest America
Far East – Latin America
Far East – Canada
Far East – India- Latin America
Far East – India
Far East – East Africa
Far East – West Africa
Far East – West Africa- Europe
Far East – West Africa India
Far East – South Africa- Latin America
Far East – India – South Africa – West Africa
Far East – India – West Asia
Far East – West Asia
Far East – India – Latin America
Far East – India
Far East – East Africa
Far East – West Africa
Far East – West Africa- Europe
Far East – West Africa India
Far East – South Africa – Latin America
Far East – India – South Africa – West Africa
Far East – India – West Asia
Far East – West Asia
Far East
Far East – North Europe – Med
Far East – Med
Far East – Med – U.S. East Coast
Far East – Med – South Europe
Far East – Med – Australia
Far East – Med – West Africa
Far East – Australia
Far East – Australia & West Africa
U.s. East Coast – South America
U.s. East Coast – West Africa
U.s. East Coast – Europe
U.s. East Coast – North Europe
U.s. East Coast – Med
U.s. East Coast – India
U.s. West Coast – South Europe
U.s. West Coast – Australia
Europe – East Africa
North Europe – Med – West Asia
North Europe – Latin America
Med – West Africa
Med – India
India – West Asia
India – Far East – US West Coast
East Africa – India
East Africa – West Asia
GLOBAL OPERATION
GLOBAL OPERATION
Far East – U.S. East Coast
Far East – U.S. West Coast
Far East – Central America
Far East – Southwest America
Far East – U.S. West Coast- Southwest America
Far East – Latin America
Far East – Canada
Far East – India- Latin America
Far East – India
Far East – East Africa
Far East – West Africa
Far East – West Africa- Europe
Far East – West Africa India
Far East – South Africa- Latin America
Far East – India – South Africa – West Africa
Far East – India – West Asia
Far East – West Asia
Far East – India – Latin America
Far East – India
Far East – East Africa
Far East – West Africa
Far East – West Africa- Europe
Far East – West Africa India
Far East – South Africa – Latin America
Far East – India – South Africa – West Africa
Far East – India – West Asia
Far East – West Asia
Far East
Far East – North Europe – Med
Far East – Med
Far East – Med – U.S. East Coast
Far East – Med – South Europe
Far East – Med – Australia
Far East – Med – West Africa
Far East – Australia
Far East – Australia & West Africa
U.s. East Coast – South America
U.s. East Coast – West Africa
U.s. East Coast – Europe
U.s. East Coast – North Europe
U.s. East Coast – Med
U.s. East Coast – India
U.s. West Coast – South Europe
U.s. West Coast – Australia
Europe – East Africa
North Europe – Med – West Asia
North Europe – Latin America
Med – West Africa
Med – India
India – West Asia
India – Far East – US West Coast
East Africa – India
East Africa – West Asia
Our Profile
Purpose of the report
Welcome to Danaos Corporation’s ESG report, which builds on our recent sustainability efforts. Since 2018, when we published our first ESG report for the fiscal year 2017, we pledged to intergrade sustainability into our business model. Over the years, through our ESG strategy, we are committed to going above and beyond the International Maritime Organisation’s GHG emissions target, as well as adhering to the UN SDGs. To achieve our ESG goals, we work closely with our stakeholders to meet their expectations and interests in a transparent and thorough manner.
This is the second report after the establishment of our ESG Committee. The implementation of our ESG strategy led us to a significant improvement of our ratings this past year, both in sustainability metrics by disclosure on S&P Global CSA, as well as in disclosure to CDP, ranking high among the companies of marine transport sector. In addition, we have published our Low Carbon Transition Plan, which provides the roadmap with progressive steps to the ultimate target of low carbon emission future by demonstrating our commitment and progress monitoring on climate initiatives, as well as milestones on the way to carbon neutrality.
This report is an overall presentation of our annual performance, ESG strategy and targets. We are extremely pleased to present our environmental, social, safety and governance performance for 2024, along with our work in a broader range of specific commitments and initiatives to support our employees, suppliers, customers and communities within which we operate around the world.
Danaos Corporation operates based on three fundamental pillars: efficiency, safety and reliability, so as to create value for our stakeholders by pursuing environmentally responsible and sustainable solutions. The Report has been created in accordance with the Global Reporting Initiative (GRI) and SASB and covers the financial period from January 1st, 2024, to December 31st, 2024, in alignment with the financial report.
Danaos Corporation Overview
Danaos Corporation is a global leader in maritime shipping, specializing in the ownership, chartering and management of containerships and dry bulk vessels. With decades of industry expertise and strong partnerships with the world’s premier liner companies, Danaos plays an essential role in facilitating global trade and supply chain efficiency.
Our fleet is continuously evolving to meet market demands. Currently, we operate 73 containerships (including two BB-chartered vessels) with a total capacity of 465,463 TEUs. Looking ahead, our ongoing expansion efforts include 16 newbuild containerships, expected to increase our fleet capacity by 134,234 TEUs, further reinforcing. Danaos as one of the top containership leasing companies globally in terms of TEU capacity.
Danaos’ business model is built on operational stability and efficiency, deploying our containership fleet under long-term charters with leading global liner operators. Our diverse and reputable customer base includes CMA-CGM, MSC, Yang Ming, Hapag Lloyd, ZIM, Maersk, COSCO, OOCL, ONE, PIL, Sealead, Niledutch, Samudera, OSC, ILS and Arkas, reflecting our strong market positioning and trusted industry relationships.
In addition, to our containership operations, Danaos maintains a strategically-managed dry bulk segment, consisting of 10 Capesize bulk carriers with a total deadweight tonnage (DWT) of 1,760,677. These vessels primarily operate under short-term time charters and voyage charters, allowing Danaos to maintain market flexibility while optimizing asset utilization.
At the heart of Danaos’ success is our commitment to technological innovation, operational excellence and environmental sustainability.
By integrating advanced fleet management systems and ecoefficient technologies, we continuously enhance safety, efficiency and fuel optimization, aligning with global decarbonization and sustainability objectives. This forward-thinking approach has solidified Danaos’ reputation as a trusted and responsible partner in the maritime sector.
Our corporate headquarters are based in Piraeus, Greece, supported by a global operational network that includes crewing offices in Cyprus, Russia, Ukraine and Tanzania, as well as site offices in South Korea (Republic of Korea) and China. This strategic geographic presence enables real-time fleet management, crew coordination and technical oversight, ensuring seamless global operations.
Danaos’ strategic direction is overseen by our Board of Directors and Executive Officers, while Danaos Shipping Co. Limited serves as our exclusive fleet manager, ensuring day-to-day operational excellence. Through a comprehensive management agreement, Danaos Shipping provides technical, administrative and commercial management services, aligning our operations with our Environmental, Social and Governance (ESG) commitments. We actively track progress using measurable ESG performance indicators, ensuring accountability, transparency and continuous improvement in sustainable operations.
This report encompasses Danaos Corporation, its subsidiaries and affiliates, including Danaos Shipping Co. Limited referred to collectively as “Danaos,” “the Company,” or “we.” As a publicly traded company listed on the New York Stock Exchange (NYSE) under the ticker “DAC”, Danaos Corporation is committed to corporate transparency, responsible business practices and sustainable growth, reaffirming our role as a key player in the global maritime industry.
2024 AT A
GLANCE
KEY PERFORMANCE
INDICATORS (KPIs)
Our Mission
We strive to deliver safe, efficient and cost-effective seaborne transportation, as well as to remain the preferred choice among containerships and drybulks owners and to create shareholder value.
To achieve our goals, we make significant investments in our operational, technical and financial infrastructure, while pursuing sustainable and ecologically friendly solutions.
