SOCIAL

Within Danaos, we acknowledge the pivotal role that our human capital, comprising both our onshore staff and seafarers, plays in steering our company towards success and continued expansion. They represent our primary stakeholders, and their well being and development are of utmost importance to us. Our focus lies in attracting top-tier talent, offering ongoing training opportunities, and fostering avenues for career progression. We prioritize cultivating a work environment that encourages engagement, supports the holistic wellness of our employees, and promotes inclusivity at every level. By investing in the growth and satisfaction of our workforce, Danaos endeavors to fortify its foundation for sustainable progress and to fulfill its ESG commitments.

MATERIAL
ISSUES
Diversity, Equal Opportunities and non-discrimination
Occupational Health & Safety
Training and Education
Child Labor
Forced and Compulsory Labor
Security Practices
Humans’ rights policy

GOALS
2021-2025
Status: 15 out of 19 social goals for
2025 have been already embedded
in 2023

SDGS

OCCUPATIONAL
HEALTH & SAFETY

At early stage we developed a documented Safety Management System (the DSMS) fulfilling the requirements of the ISM Code. Since 2002 -when the Code became mandatory for containerships- the DSMS has being audited successfully and Danaos maintains its Document of Compliance (the “license to operate” of shipping) valid throughout the years.

The health and safety of our people are paramount to the well-being of our people, and we are working towards the safest possible conditions through the implementation of an Occupational Health and Safety regime. This regime includes:
• The application of best practices in ship operation and working environment in order to prevent injuries
• Continual, flexible, and regularly reviewed risk assessment for vessels, cargo and environment
• The ongoing development of the health and safety skills of our people

The main objective of the policy is to start and finish the day safe and healthy.

It is important to recognize that the Company is responsible for identifying the risks associated with its ships, operations, and trade. Consequently, our Safety, Quality & Environmental team experts having long sea-going experience prepared a library with various risk assessments related to shipboard operations and their respective controls to achieve a Healthy and Safe working environment onboard the ship, and to achieve a friendly environmental impact from the ship’s operations. During the on vessels Health & Safety visits, Safety Duality and Environmental team experts contacted the seafarers to record their opinions and their experiences about near misses, situations that might lead to Lost Time Injuries. The recordings are evaluated both at vessel level and at company level to improve the Health & Safety System in place and the Risk Assessment.

Risk Assessments are prepared to cover a wide range of shipboard operations in areas such as:

• Anchoring
• Arrival – Departure
• Bunkering
• Cargo Operations
• Defective Equipment

• Emergency preparedness
• Environmental Operations
• Health – Hygiene
• Maintenance & Repairs
• Management of change

• Mooring
• Navigation
• Safety preparedness
• Security preparedness
• Use of tools

• Various Shipboard Activities
• SEEMP

Any additional controls from those mentioned in respective risk assessments, may be considered to reduce the risk further. The Master has the liberty to make a new risk assessment applying controls and hazards which might further reduce the risks involved. This is sent to the Office for approval and when reviewed and approved by the Office, is saved within the existing library.
The Risk Assessment library is continuously updated when a new hazard and its associated controls are identified. The Senior Officers are adequately trained to assess the risk of day-to-day shipboard operations during their pre-joining training session.

DRILLS

The Company has established a program of drills and exercises to prepare crew and shore-based personnel for emergency actions to develop and maintain confidence and proficiency and test the effectiveness and suitability of the emergency plans. This planning is drawn up annually in accordance with the requirements provided by the international regulations. In addition to the onboard drills required to be performed by the International Convention for the Safety of Life at Sea (SOLAS convention) at specific intervals (monthly, 2-monthly, or 3-monthly) the planning includes a variety of scenarios in which crews practice throughout the year.
These drills cover both emergency preparedness in respect of safety and familiarity with security plans and procedures. The identification of emergencies is defined in the Emergency Procedures Manual (EPM) which contains guidelines (in the form of checklists) for handling emergency situations and is the point of reference during the design and execution of onboard drills. Danaos Annual Drills Planning is outlined in the below table:
All drills are documented, detailing the specific scenario, date, time, position, participants, and areas for improvement as well as the evaluation of skills and knowledge of the crew in Danaos Enterprise ISM Module.

These drill reports are transmitted to the office and reviewed by the SQE Superintendents. In 2023, a total of 4,899 drills performed onboard Danaos Fleet.

In 2023, a total of 4,899 drills performed onboard Danaos Fleet.

Our policy clearly states that all incidents are reported, investigated, and analyzed to prevent similar incidents in the future. We train our people on board and actively engage them in recognizing and reporting near misses. These minor incidents are regarded as warnings signals for procedures and practices that merit revision and remediation. All incidents are investigated by the ship’s Master, with the support of the safety Officer, seafarers’ safety representative or any other member of the Safety, Environmental & MLC Committee.

Danaos uses the most objective measuring tool, the Loss Time Injury Frequency (LTIF) which measures the number of hours a seafarer is unable to work due to injury. To further decrease the LTIF rate we have incorporated the Lockout/ Tagout system which is used to control hazardous energy. Additionally, from 2018 onwards we started implementing a Behavior Based System approach in order to address the factors that influence and reinforce learning and behavior. Successful implementation leads to significant improvements to the safety performance, and through the BBS (Behavior Based Safety) approach we aim to create a “total safety culture” throughout the company.

The year 2023 we continued to use the UDE (Undesired event) application in our platform for our accident/incidents analysis reporting and implemented various improvements to have a clear view on the conditions under which an event occurred and closely followed up the corrective actions taken onboard. At the same time, we emphasized best practices which enhance onboard safety to raise crew awareness.

All seafarers actively participate in the onboard Safety & Environmental Meeting performed at least once per month. This is a formal meeting where a set agenda includes, among others, health and safety issues for discussion. The Safety, Environmental & MLC Committee comprises of crew representatives and is tasked to prepare the agen- da for the meeting. The Committee works with the sole goal of enhancing the health, safety & environmental standard on board ships by ensuring that all Health, Safety & Environmental procedures and practices are followed by the ship’s crew members. Its role and main tasks are clearly defined in the Company’s SMS.

All systems of Danaos Safety Management are audited internally by the Safety Quality and Environmental Department and externally by Recognized Organizations, members of IACS. Unscheduled audits are performed if a serious deficiency in any part of the DSMS becomes evident during third party inspections. Audit findings, Non-Conformities or Observation notes are collectively analyzed and evaluated during the management review process. In pursuit of man- agerial excellence, we have established our own KPIs by participating in the BIMCO SHIPPING KPIs. Findings that pose a serious threat to the safety of personnel or the ship or a serious risk to the environment are analyzed with the RCA (Root Cause Analysis) method and immediate corrective action is undertaken.

Different types of inspections carried out on- board on our Fleet to ensure that our system remains in compliance with the ISM/ISPS Code, the ISO 9001, ISO 14001, ISO 50001 standards and the MLC Convention. Our vessels’ certification was endorsed successfully. Table below presents the number of audits per type of audit for the last two years.

During 3rd-party MLC inspections it is verified that all seafarers enjoy decent living and working conditions onboard and that their employment agreements and payment of wages are in accordance with the applicable collective bargaining agreements.

In the year 2023 for our containers fleet the total number of recorded deficiencies was 389 and the total number of detentions amounted to five (5). For the bulk carrier fleet, the numbers represent the data of the 4th quarter of 2023 when ships were acquired. No fatalities recorded for 2023.

The total number of recorded deficiencies was 14 and zero (0) detentions. There was a substantial increase of LTIs between 2022 and 2023 mainly because of the increased stress and psychological pressure that seafarers bear from the negative effects of COVID-19 pandemic and immediately after, the war that broke in Ukraine. We cannot overlook the serious effects that these events have on the mental health of individuals in the long term and which, by extension, lead to incidents.
No fatalities recorded for 2023. The total number of recorded deficiencies was 14 and zero (0) detentions.
For the bulk carrier fleet, the numbers represent the data of the 4th quarter of 2023 when ships were acquired. The total number of recorded deficiencies was 14 and zero (0) detentions.

DANAOS CORPORATION
ESG REPORT 2023

Download
Read online
Download
Read online

CRISIS MANAGEMENT
AND EMERGENCY PLANNING

Danaos has taken all necessary measures and resources to protect people, vessels and operations in case of an emergency. We have established procedures to identify potential emergency situations and we have prepared the relevant plans. The plans are communicated to all employees and crew members, and we provide response training. An important parameter for our emergency preparedness system is our hands-on management system on board every vessel, detailed in the Ship Security Plan (“SSP”).

All employees, crew members, visitors, inspectors, suppliers, and any third party seeking to board the ship are also required to comply with the SSP. There is a number of risks associated with the shipping industry and therefore we have policies and procedures for risk assessment onboard our vessels. A specific Emergency Response Plan and an in-house Emergency Response Service system have been developed to support the whole process and provide specific instructions and task allocations.

DIVERSITY, EQUAL OPPORTUNITIES,
AND NON-DISCRIMINATION

Danaos maintains a steadfast commitment to fostering a workplace culture that prioritizes safety, respect, and inclusivity for all employees and passengers. Central to this commitment is the company’s zero-tolerance policy against violence and harassment in any form.

At Danaos, we are committed to creating and maintaining a diverse, inclusive, and equitable workplace that values and respects all individuals. We believe that diversity and inclusion are essential to our success, and we strive to foster a culture of respect, inclusion, and belonging for all our employees, regardless of their age, sex, race, ethnic origin, disability, family and marital status, religion, belief, pregnancy, gender identity and expression, sexual orientation, nationality, or any other characteristic protected by law.

This Diversity, Equal Opportunities and Inclusion policy applies to all aspects of employment at Danaos Shipping, including recruitment, training, performance management, career development, rewards, code of conduct, facilities, and termination of employment. The principles of equity, diversity, and inclusion also apply to our interactions with external stakeholders such as clients, agents, and suppliers.

At Danaos, we are committed to creating and maintaining a diverse, inclusive, and equitable workplace that values and respects all individuals.

Our workforce comprises office employees hailing from five (5) different nationalities, while our seafarers proudly represent a diverse array of seven (7) nationalities and we expect from everyone to uphold and promote the values of equity, diversity, and inclusion in their daily work.

At Danaos, every employee, from the crew on- board to the management team onshore, is expected to adhere to the highest standards of professional conduct. This includes treating others with dignity and respect and refraining from engaging in any behavior that could be construed as violent, abusive, or harassing.

To reinforce this commitment, Danaos has implemented comprehensive policies and procedures designed to prevent and address incidents of violence and harassment effectively. These policies are communicated clearly to all employees through training programs and written guidelines, ensuring that everyone understands their rights and responsibilities in maintaining a safe and respectful workplace environment.

During 2023 a series of Diversity, Equality and Inclusion (DEI) & Prohibition of Violence & Harassment awareness sessions were successfully completed among the people of Danaos, including modules on cultural awareness, inclusion, and equal opportunity employment, promoting a workplace environment that values and respects the uniqueness of every individual. By exploring and challenging implicit biases, employees gained a deeper understanding of our own perspectives, enabling them to interact more fairly and equitably with others and building stronger relationships with people from diverse backgrounds.

The familiarization process for all new employees and top officers of vessels includes comprehensive training on the principles of Diversity and Inclusion.

This crucial component ensures that every member of the Danaos team is wellversed in promoting a workplace culture that values and respects individual differences. In addition to the onboarding training, Danaos provides accessible online courses through its training platform, ensuring that seafarers across the organization have the opportunity to further enhance their understanding of Diversity and Inclusion, contributing to a harmonious and supportive environment both onshore and at sea.

In 2023 no incidents of discrimination, violence & harassment have been reported through our online applications.

In our ongoing commitment to sustainability and social responsibility, Danaos participates in All Aboard Alliance. This coalition, comprising senior leaders from various sectors of the maritime industry, shares a collective vision centered on enhancing diversity, equity, and inclusion within our organizations, both at sea and onshore. By fostering collaboration and cooperation, the All Aboard Alliance aims to drive positive change and pave the way for a more sustainable, forward-thinking, and innovative maritime industry. Danaos recognizes the critical importance of diversity and inclusion in fostering a vibrant and resilient workforce, and we are excited to be part of this impactful initiative. Through our participation, we reaffirm our dedication to promoting positive social change within our industry and beyond.

The below figures indicate the age diversity of both for Office employees and Seafarers, the gender diversity in Managerial positions, the gender diversity in STEM positions of office employees and the gender pay gap in the positions representing by genders for office employees.

In 2023 no incidents of discrimination, violence & harassment have been reported through our online applications.
In our ongoing commitment to sustainability and social responsibility, Danaos participates in All Aboard Alliance.

HUMAN CAPITAL

OUR EMPLOYEES

Our employees are a proficient team of individuals possessing extensive experience in the shipping industry and the containership market. We establish and oversee processes across various departments, emphasizing continuous professional development and training. The noteworthy employee retention rate serves as a key indicator of both employee satisfaction and our dedicated efforts to engage them effectively. Danaos actively champions workplace equality by formulating fair and inclusive policies and practices, ensuring transparency in pay structures.

• The average age of employees is 39.8 years old.
• We are 173 employees, 37% are women and women participation in management is 19%.
• The turnover rate for office employees is 12.7% while volunteer turnover rate is 8.6%.
• We hired 50 new employees and 15 summer interns.
• The new hires represent 28.9% of employees.
• Employees with post graduate studies (MSc, MBA, PhD) represent 54.3% of employees.
• The total training hours are 3,367 and correspond to 19hrs per employee.
• “Suggestion Box” is an annual competition that empowers individuals to voice their suggestions, fostering innovation and creativity, with the added incentive of rewards for valuable contributions. The participation rate of the “Suggestion Box” remains high. This year we received 44 ideas from 30 participants and 4 of them were awarded.

OUR EMPLOYEES

Our Seafarers play a pivotal role in Danaos, facilitating global trade, and ensuring the smooth vessels operations. Their unique profession demands a combination of technical expertise, resilience, and adaptability, making seafaring a distinctive and challenging occupation. Safety, the well-being and the advancement of our crew are key to our operations, forming the core of our business. We maintain a close relationship with each member, prioritizing their regular training and career development.

As of December 31, 2023:
• 1,718 seafarers were onboard our ships
• The average age of our seafarer was 36
• We offer a diverse working environment with seafarers of 7 nationalities
• The crew retention rate was 81.08%
• We offered 34,077 training hours
• 312 Seafarers were promoted

The noteworthy employee retention rate serves as a key indicator of both employee and seafarers satisfaction and our dedicated efforts to engage our staff effectively.

HUMAN CAPITAL DEVELOPMENT
THROUGH TRAINING

The Danaos Assessment and Training Center (DATC) was established in 2016 in order to cover the training needs of the fleets’ Officers, Crew and shore staff employees. It accommodates an on-premises installation, housed at the Danaos Piraeus offices, comprising of the full-mission Bridge Simulator and state of the art training facilities. The DATC defines the Company’s inherent duty and obligation to provide the best training facilities and to develop further the personnel’s competence in order to ensure operational excellence. An integral part of the curriculum is our Company’s Safety Management System (DSMS), and the feedback and lessons learnt from actual fleet experience.

The training combines theoretical knowledge and practical training, tests, and enhanced competence by using actual scenarios as simulation exercises.

DATC has been certified and accredited by Lloyd’s Register of shipping and the DMS (Cyprus Government Department of Merchant shipping) with the Approved Training Provider Certificate and the ISO 9001:2015 Certificate. The DATC personnel continuously support and cooperate with all the Company’s departments for the identification of their specific training needs and thus providing training activities aimed to further enhance their knowledge, awareness, competence, and performance.

Through the DATC the following Simulation Trainings are provided:

• BR(T)M: Bridge Resource Management
• MRM: Maritime Resource Management
• Damage Stability and Damage Control
• Multi-Cultural Teams and Effective

IN HOUSE TRAINING
DEPARTMENT

Our well-qualified training department takes pride in delivering a diverse range of seminars designed to enhance the skills, knowledge, and expertise of individuals in the maritime industry. Through meticulous planning and expert instruction, these seminars cover crucial topics that are integral to the success and safety of seafarers. The department employs various innovative and interactive training methods, ensuring that participants receive a comprehensive learning experience.
From navigation techniques, safety and emergency response protocols to the latest advancements in maritime technology and international regulations, the seminars offered cater to the dynamic needs of seafarers. With a commitment to excellence, this training department plays a pivotal role in shaping competent and well-prepared professionals who can navigate the challenges of the open seas with confidence and proficiency.

WELCOMING OUR ONLINE
TRAINING PLATFORM

Embarking on a new phase of professional development, during 2023 we introduced our advanced Online Training Platform, customized exclusively for the maritime excellence of Danaos.
This platform is user-friendly and offers a wide range of courses covering safety protocols, industry regulations, crew wellbeing, and operational efficiency optimization. It ensures a comprehensive approach to skill enhancement for both seafarers and office employees.
Embarking on a new phase of professional development, during 2023 we introduced our advanced Online Training Platform, customized exclusively for the maritime excellence of Danaos.

SEAFARERS TRAINING: NAVIGATING THE
PATH TO EXCELLENCE

Seafaring is a demanding profession that requires a unique set of skills and knowledge to navigate the vast and challenging expanses of the world’s oceans. Seafarers training is a dynamic and evolving process designed to prepare individuals for the complexities of maritime life.

We invest in training that promotes safety, efficiency,
environmental awareness, and multicultural communication. By prioritizing technical proficiency, safety, environmental awareness, and continuous learning, these programs contribute to the competence and professionalism of seafarers, ensuring the reliability and safety
of global shipping operations.

As such, we have developed our own training programs with in-house seminars and pre-boarding training. We continuously identify training needs for employees and seafarers, and we have designed a customized training program to ensure safety awareness and competence.

It is important that employees and seafarers are provided with training on:
• Safety
• Environmental policy and goals
• Relevant environmental aspects
• Operational, monitoring and contingency procedures
• Updates in laws and regulations affecting ships’ operations
• Day to day activities

Our computer-based training programs, ensure the evaluation and appraisal of seagoing and shore-based employees on an ongoing basis
throughout the course of employment. A variety of seminars specifically designed for Danaos Shipping are held in our premises.

During 2023, Danaos took proactive steps in shaping its future by organizing comprehensive Cadet Training programs aimed at cultivating the next generation of Danaos Officers.

During 2023, Danaos took proactive steps in shaping its future by organizing comprehensive Cadet Training programs aimed at cultivating the next generation of Danaos Officers.
Seafarers Training Hours (Drills not included) Total 34,077.5 Hours Average Hours per seafarer: 21.5

ON SHORE
EMPLOYEES

Throughout 2023, we invested extensively in comprehensive training programs aimed at facilitating smooth onboarding, enhancing digital skills, fostering awareness of rules and regulations, promoting safety measures, improving operational efficiency, advancing diversity, equity, and inclusion (DEI) initiatives, and cultivating effective leadership skills.
Our dedication to employee growth is evident in the 3,367 hours of training offered during the year, delivered through various methods such as instructor-led sessions, webinars, seminars, and other interactive platforms. By empowering our team with the necessary knowledge and skills, we not only bolster our organizational capabilities but also contribute to a more sustainable and responsible maritime sector.
Our dedication to employee growth is evident in the 3,367 hours of training offered during the year, delivered through various methods such as instructor-led sessions, webinars, seminars, and other interactive platforms.

DIGITAL SKILLS
DEVELOPMENT PROGRAM

In a strategic move towards embracing the transformative power of digitalization, Danaos Shipping has taken a significant step by implementing a comprehensive Digital Skills Development program for its office employees. Recognizing the paramount importance of staying ahead in the rapidly evolving maritime industry, Danaos has invested in this initiative to equip its workforce with the necessary tools and knowledge.
Our dedication to employee growth is evident in the 3,367 hours of training offered during the year, delivered through various methods such as instructor-led sessions, webinars, seminars, and other interactive platforms. By empowering our team with the necessary knowledge and skills, we not only bolster our organizational capabilities but also contribute to a more sustainable and responsible maritime sector.
Danaos Shipping has taken a significant step by implementing a comprehensive Digital Skills Development program for its office employees.

TALENT DEVELOPMENT
TRAINING PROGRAM

Danaos Shipping has recently offered 460 hours of training through a transformative Talent Development Training Program, extending its commitment to fostering the professional growth of both office managers and employees. In these dynamic sessions, participants received comprehensive insights into the career paths available within the organization. A significant focus was placed on empowering individuals to navigate their professional journeys effectively.
Additionally, the program elaborated on the efficient utilization of the company’s latest Performance Management system, guiding employees on the strategic setting of objectives and the art of providing constructive feedback. By arming its workforce with these essential skills, Danaos Shipping not only demonstrates a forward thinking approach to talent development but also ensures a harmonious alignment between individual aspirations and organizational objectives, creating a synergistic environment conducive to sustained success.
Danaos Shipping has recently offered 460 hours of training through a transformative Talent Development Training Program, extending its commitment to fostering the professional growth of both office managers and employees.

NEW PERFORMANCE
MANAGEMENT SYSTEM

In 2023, Danaos took a significant stride towards fostering a culture of fairness, transparency, and continuous growth for its employees by introducing a cutting-edge Performance Management system. This initiative was aimed at providing comprehensive feedback to all employees based on the achievement of their objectives and the demonstration of desired competencies and skills. The system enables managers to collect input from multiple sources regarding the performance of employees. Embracing modern technology, the system is seamlessly integrated into an online digital application, ensuring accessibility and efficiency.
Throughout the year, more than 90% of office employees actively engaged with the new Performance Management system, receiving valuable insights and guidance for improvement. Moreover, the company conducted Talent Review meetings, ensuring that the performance and career growth of every single employee were thoroughly discussed, marking an impressive milestone with 100% participation. Danaos ‘s commitment to nurturing a high-performance culture is evident through this strategic implementation, demonstrating a dedication to the professional development and well-being of its workforce.
In 2023, Danaos took a significant stride towards fostering a culture of fairness, transparency, and continuous growth for its employees by introducing a cutting-edge Performance Management system.

SEAFARERS
DEVELOPMENT

Danaos adopts a proactive approach to nurturing the professional growth and skill development of its seafarers, conducting regular quarterly meetings dedicated to evaluating their performance. These assessments serve as a crucial determinant for career progression within the organization, as well as for pinpointing specific training and development needs. Leveraging an innovative online application, feedback is systematically gathered from a
diverse array of sources, ensuring a holistic and impartial evaluation process. Key criteria evaluated include operational efficiency, adherence to compliance regulations, upholding safety standards, and the demonstration of essential soft skills. By adhering to these rigorous evaluation standards, Danaos not only fosters a culture of continuous improvement but also reinforces its commitment to excellence and safety in maritime operations.

INTRODUCTION OF
CAREER PATH FRAMEWORK

At Danaos, we recognize that investing in the growth and progression of our employees is essential not only for their individual success but also for the long-term sustainability of our business. As such, our new Career Path Framework serves as a roadmap, offering a detailed understanding of the roles available within our organization and how they align with our broader objectives. Central to this framework is the concept of transparency and fairness. By clearly defining roles and responsibilities at each level, we ensure that all employees have equal access to opportunities for advancement based on their skills, experiences, and aspirations. Moreover, the framework fosters a culture of inclusivity and diversity, enabling individuals from diverse backgrounds to thrive and contribute meaningfully to our collective success.
One of the key benefits of our Career Path Framework is its ability to provide employees with a clear pathway for career growth. By outlining the skills and experiences required for progression, individuals can take proactive steps to develop their capabilities and advance within the organization. This not only enhances employee engagement and job satisfaction but also strengthens our talent pipeline, ensuring that we have the right people in the right roles at every level of the organization. Importantly, our Career Path Framework is an integral component of our broader Human Resources Management strategy, which encompasses Performance Management, Talent Management, and Training & Development. By integrating career progression into these core processes, we create a holistic approach to employee development, where individuals are supported at every stage of their career journey.
Our Career Path Framework is an integral component of our broader Human Resources Management strategy, which encompasses Performance Management, Talent Management, and Training & Development.
In 2023, Danaos celebrated the advancement of 33 office employees through promotions, underscoring our commitment to recognizing and nurturing talent within our organization. Notably, 42% of these promotions were extended to female employees, reflecting our dedication to fostering gender diversity and equality in the workplace.

Additionally, 3.5% of our employees embraced new opportunities for growth and development by transitioning to different roles within the company. These statistics highlight our unwavering support for career progression and mobility, ensuring that every individual has the chance to thrive and contribute to our collective success.

TALENT ATTRACTION

We take a multi-faceted approach to attract top talent. We showcase exciting career opportunities through various sourcing channels, highlighting the meaningful impact employees can make within our dynamic organization. Competitive compensation packages, comprehensive benefits, and a focus on professional development further enhance our allure. In essence, we don’t just seek talent; we create an irresistible magnetism that naturally pulls in the best talent around.
Danaos is at the forefront of modern recruitment practices, leveraging cutting-edge technology to identify and assess candidates whose personalities and skills align seamlessly with the company’s ethos and requirements. Through innovative platforms and tools, Danaos Shipping streamlines the recruitment process, ensuring that every potential team member undergoes a thorough evaluation that goes beyond traditional metrics. In 2023 we hired 50 office employees from which the 14 came from our fleet. From the rest the 38% were female employees.

HUMAN RIGHTS POLICY

In our commitment to responsible business practices, we proudly align with core International Labour Organization (ILO) conventions as well as internationally accepted UN and OECD frameworks. Our dedication extends beyond mere compliance with local legislation; we actively uphold fundamental human rights with in our operations. This encompasses respecting the rights to freedom of association and collective bargaining, vehemently opposing forced labor, child labor, and all forms of discrimination in employment and occupation. Furthermore, we adhere to stringent standards on working conditions and prioritize the safety and health of our people. This steadfast adherence underscores our unwavering commitment to fostering fair, equitable, and safe working environments for all.

We are committed to upholding the fundamental principles of human rights in all aspects of our business operations. We recognize that our activities have the potential to impact on the lives and wellbeing of our employees, customers, suppliers, and the communities in which we operate. Danaos Human Rights Policy shows the voluntary expression of our commitment and promotes respect for human rights throughout our supply chain and business practices.

We are dedicated to promoting and protecting the inherent dignity of every individual, regardless of their race, color, gender, sexual orientation, age, religion, disability, or any other characteristic protected by applicable laws and internationally recognized human rights. Discrimination, harassment, and any form of abuse will not be tolerated within our company.

LABOR RIGHTS

We commit to upholding the rights of all workers, including:
• Freedom of Association: Employees have the right to join or not join trade unions or workers’ organizations of their choice, without fear of retaliation or discrimination. On top of that 100% of our employees are covered by collective bargaining agreements.
• Fair Wages and Benefits: We provide fair and competitive compensation packages that meet or exceed legal and industry standards.

• Safe and Healthy Workplace: Danaos Shipping ensures that all employees and seafarers have a safe and healthy working environment by complying with all relevant health and safety regulations.
• Child Labor: We strictly adhere to minimum age requirements in accordance with international labor standards.

HUMAN RIGHTS REVIEW IN
OUR SUPPLY CHAIN

We are committed to sourcing products and materials responsibly, taking measures to prevent any involvement in human rights abuses, including forced labor, child labor, human trafficking, and other exploitative practices, within our supply chain.
We work with suppliers who share our commitment to human rights and encourage them to adopt similar policies and practices.

ENVIRONMENTAL RESPONSIBILITY
THE SUPPLY CHAIN

We recognize the interconnectedness of environmental sustainability and human rights. We take steps to reduce our environmental impact, contribute to the fight against climate change, and protect the rights of future generations to a healthy and sustainable environment.

COMPLIANCE MEASURES

Failure to adhere to this Human Rights Policy may result in disciplinary actions for employees, which could include (subject to domestic law) termination or dismissal.

CONTINUOUS IMPROVEMENT

We are committed to continually improving our human rights performance. This includes regular assessments, training for our employees and suppliers, and actively engaging with human rights organizations and initiatives. To enrich this process and ensure its effectiveness, we adopt the following stakeholder engagement strategies:

At Danaos, we firmly believe that respecting and promoting human rights is not only a moral obligation but also essential for the long-term success and sustainability of our business. We work diligently to uphold these principles and we encourage all our stakeholders to join us in this endeavor.

REPORTING A BREACH OF
HUMAN RIGHTS

If there is a breach of Human Rights, everyone has the option to report it either externally through the Ethics & Compliance Policy, or internally though the Grievance procedure.

DANAOS IS GREAT PLACE TO WORK

In our ongoing commitment to fostering a positive and inclusive workplace, we conducted an Employee Engagement Survey in December 2023. As a result, Danaos received official certification as a "Great Place to Work" from the renowned organization, Great Place to Work, with a survey score of 78%. This survey aimed to evaluate the sentiments, perceptions, and overall satisfaction of our valued employees. 90% of our people stated “I am proud to tell others I work here” and 80% stated that the company is a Great Place to Work.

WELLNESS AT WORK

At Danaos Shipping, we prioritize the wellness of our people above all else. Recognizing the importance of mental health, we offer comprehensive mental health courses tailored for our office employees, ensuring they have the tools and support needed to maintain emotional well-being. In 2023, we conducted our first in-house Mental Health Seminar, and we immersed ourselves in enlightening discussions, acquired valuable strategies, and embraced the significance of mental well-being in our everyday life. The engagement and openness of our people created a supportive atmosphere that truly embodies the spirit of Danaos. Additionally, we foster a culture of physical activity and camaraderie by organizing sport activities through teams and tournaments, promoting both fitness and teamwork. Our commitment to employee wellness extends further with regular check-ups and access to an office doctor, ensuring that our team members have the necessary support to thrive both personally and professionally.

At Danaos, we deeply care about the wellness of our seafarers, recognizing the unique challenges they face while spending extended periods at sea. To support their well-being, we provide essential amenities such as internet access onboard, enabling them to stay connected with loved ones and access valuable resources during their time away from home.

Additionally, we offer comprehensive wellness courses specifically designed for seafarers, covering topics ranging from stress management to mental health awareness. Through these initiatives, we strive to ensure that our seafarers have the necessary tools and support to maintain their physical and emotional well-being while at sea, ultimately fostering a safer and more fulfilling work environment.

Danaos is committed to prioritizing the wellness and welfare of our seafarers, recognizing the vital role they play in our operations. As part of this ongoing commitment, we are pleased to announce a significant investment of 1.5 million USD into upgrading communication systems on- board our vessels. This investment will enable us to offer seafarers an enhanced onboard experience, including three to six times more free internet access. We believe that improved connectivity will not only contribute to the well-being of our crew members but also facilitate better communication with their loved ones, enhancing their overall quality of life while at sea. Danaos remains dedicated to continuously improving the working conditions and welfare of our seafarers, ensuring their safety, comfort, and satisfaction throughout their employment with us.

TRANSPARENCY AND
ACCOUNTABILITY

Danaos aims to be between the more transparent shipping companies globally. On this purpose company established a series of initiatives, reports, and tools to collect and communicate data to all interested parties. Series of commitments and relevant policies address the data collection, data analysis and data communication on several areas of our operations such as sustainable development, compliance with IMO and
EU MRV regulations, energy consumption and related emissions, employees assessment and development and interactions with members of value chain.

Danaos Management System safeguards the accountability between the departments and the employees.

Clear organizational charts and communication lines improve company’s efficiency and reduce work burdens. There are business charters for company’s Committees, Corporate Governance Guidelines, Code of Conduct & Ethics for Corporate Officers & Directors, job descriptions, policies, SOP’s and working instructions. This way is possible to avoid conflict of interests, to assign responsibilities and to identify possible violations. Danaos employees have access to company’s Management System through personal computers on company’s intranet where external stakeholders have access to Code of Business Conduct and Ethics through Danaos web page.

CHILD LABOR, FORCED AND
COMPULSORY LABOR

Danaos recognizes the paramount importance of addressing child labor risks within our operations and supply chains. The company does not consider a seafarer suitable for employment in case he/she has not completed the 18th year of age under any capacity. Age verification of seafarers is conducted prior to their employment to verify that no seafarers under 18 years are employed. We understand that the impact of our activities extends beyond our immediate business operations, reaching into the global community. Thus, we are dedicated to fostering sustainable and responsible business practices, ensuring the well-being of individuals involved in our value chain. We actively engage with our suppliers to communicate our zero-tolerance stance on child labor and align expectations regarding responsible business conduct. Through collaborative efforts, we seek to create a network of suppliers who share our commitment to ethical and socially responsible practices. Danaos has established comprehensive policies that explicitly prohibit child labor in all its forms. These policies are communicated throughout the organization and to our suppliers, reinforcing our commitment to compliance with international labor standards. We continually review and update these policies to align with emerging global standards and best practices.
Company’s Procurement is responsible for sourcing, analyzing, negotiating and supplying materials and services for vessels and personnel’s needs. To this context, there is interaction with hundreds of vendors and service providers across the globe producing tenths of thousands of orders and service agreements. Due to the complexity of the needs of vessels, our supply chain includes products and services such as Spares/ Maintenance, Provisions, Cabin, Deck, Engine Stores, Lubricants, Chemicals, Gases, Paints and Safety services in every port of call. The ability to conduct business in an appropriate manner towards ethical, social and environmental standards plays a major role in our suppliers’ selection. As such, they are expected to take steps for continuous improvement towards a responsible and sustainable way. Criteria such as equal opportunities, compliance with international labor standards (no child labor, decent working conditions), health and safety awareness, zero corruption tolerance, transparency and fair business policy are combined with high standards products that promote best use of the vessels’ machinery and the hull as well as the wellbeing of our crews onboard.

SECURITY PRACTICES

All deck personnel (52%) with specific assigned security duties receive related training on methods of physical searches of persons. As is clearly stated in our Ship Security Plan (SSP) any such search shall be undertaken in a manner which fully takes into account the human rights of the individual and preserves their basic human dignity.
Complementary to the SSP, SSO Danaos Security Training Manual which is used for the onboard training contains detailed instructions and techniques related to search of individuals and describes the items to be considered to ensure respect is always given. There are no security personnel provided by contractors.

CSR EMPLOYEE
INITIATIVES

OUR STRONG COMMUNITY
ENGAGEMENT

Our strategic priority is to create value for the society and the community in which we operate, and to keep our employees engaged and involved through various voluntary initiatives.
We believe in the value and power of solidarity and our community investment activities focus on supporting vulnerable groups and institutions.

EMPOWERING COMMUNITIES:
DANAOS SHIPPING’S COMMITMENT
TO HEALTH AND INCLUSIVITY

Danaos Shipping proudly participated in the Race for the Cure organized by the NGO “Alma Zois” during the Greece Race for the Cure event, demonstrating our commitment to spreading awareness and fostering hope in the battle against breast cancer. Our team’s enthusiastic involvement exemplifies our dedication to supporting vital causes that impact our communities. Additionally, we joined forces with ELEPAP, an NGO dedicated to assisting children with disabilities, in running the Athens Classic Marathon. By participating in these events, Danaos Shipping continues to demonstrate our unwavering support for initiatives that promote health,

well-being, and inclusivity in our society. With the “Act of Joy” initiative we donate NGOs protecting children.

In 2023, Danaos took a significant step towards promoting employee well-being and supporting the broader community by establishing the Danaos Blood Bank. This innovative initiative provided employees with the opportunity to donate blood, not only benefiting their colleagues and their families in times of need but also making a meaningful contribution to the overall health system of the country.

FOSTERING MARITIME EDUCATION:
DANAOS SHIPPING’S IMPACT ON
FUTURE PROFESSIONALS

Danaos Shipping remains dedicated to nurturing the next generation of maritime professionals by actively engaging with academic institutions and schools. In 2023, we had the privilege of hosting a total of 254 students from Greek and International Universities, along with over 100 students from local schools. Through these engagements, we provided invaluable insights into the maritime industry, offering firsthand knowledge and experiences to inspire and educate future professionals. By facilitating these interactions, Danaos not only contributes to the development of essential skills but also fosters a deeper understanding and appreciation for the maritime sector within the academic society. These initiatives underscore our ongoing commitment to investing in the education and development of young talents, ensuring a brighter and more sustainable future for the maritime industry. Danaos continues to be at the forefront of fostering maritime education and career development through active participation in various initiatives. In addition to hosting schools and universities we have actively engaged in Maritime Career Events. These events serve as platforms for sharing valuable information about career opportunities and the skills required to excel in the maritime sector, furthering our commitment to nurturing talent and fostering career growth.

Furthermore, our involvement in the “Adopt a Ship” initiative, led by “Project Connect,” reflects our commitment to education and community involvement. Within this pioneering program, we’ve chosen to support 10 vessels throughout an academic year, linking primary and high school students with seafarers. This endeavor is designed to educate young individuals about the maritime profession and industry, enhancing their comprehension and respect for maritime careers, all while fostering valuable connections between students and maritime professionals.

We are thrilled to share that Danaos has just set sail for an enriching series of “Students Onboard” Educational Voyages. This initiative is an integral part of the “Management in Maritime Science and Technology” Master’s Program, offered by the University of Piraeus and the Hellenic Naval Academy and aims to enhance the educational experience of graduate students enrolled in the program. During these voyages, students are provided with a unique opportunity to embark on journeys between two or more ports and spend up to a week on Danaos vessels. Participants will have the chance to immerse themselves in real-world maritime operations and gain practical insights into the industry.

Danaos Shipping remains dedicated to nurturing the next generation of maritime professionals by actively engaging with academic institutions and schools. In 2023, we had the privilege of hosting a total of 254 students from Greek and International Universities, along with over 100 students from local schools.

CHARTING FUTURES:
DANAOS SUMMER
INTERNSHIP EXPERIENCE

We offer dynamic and enriching summer internships designed to provide aspiring professionals with a unique and hands-on experience in the maritime industry. Our summer internship program is crafted to expose participants to various facets of our operations, from vessel management and logistics to financial analysis and corporate governance. Interns at Danaos work closely with experienced professionals, gaining insights into the complexities of the global shipping market. We foster an environment that encourages innovation, critical thinking, and collaboration, allowing interns to contribute meaningfully to Danaos projects.
This program not only equips participants with industry-specific knowledge but also nurtures their professional growth, preparing them for future challenges in the maritime sector. At Danaos, we believe in investing in the next generation of maritime leaders, and our summer internships provide a valuable platform for students to explore their interests and build a foundation for a successful career in the maritime industry
“Success is determined not by the completion of some action, but by how one engages in all action with wisdom and intelligence” Plato (427 – 347 B.C.E)

EMPOWERING
THE NEXT GENERATION

Danaos Scholarships reflect our dedication to supporting talented and motivated individuals pursuing education in fields related to the maritime industry. By providing financial assistance, Danaos aims to encourage and recognize outstanding students who demonstrate a strong commitment to academic achievement, leadership, and a passion for contributing to the maritime sector. The scholarship program underscores our belief in investing in education as a catalyst for future innovation and success in the dynamic and vital field of global shipping.
As recipients of Danaos scholarships embark on their educational journeys, we look forward to witnessing their growth and eventual contributions to the maritime industry. We also offered six (6) scholarships to University Students as a reward for their effort during their studies to become Maritime professionals.
Danaos Scholarships reflect our dedication to supporting talented and motivated individuals pursuing education in fields related to the maritime industry.

DANAOS SHIPPING:
LEADING THE WAY
IN ENVIRONMENTAL
RESPONSIBILITY

Danaos Shipping remains steadfast in its commitment to environmental protection through a range of impactful initiatives. Our dedication to preserving coastal ecosystems was evident through our participation in the Beach Cleanup International Coastal Cleanup Campaign organized by HELMEPA, where 63 Danaos employees joined forces to remove marine debris and safeguard our coastlines. Furthermore, our commitment to reforestation was exemplified by our contribution to afforestation efforts in Kalyvia, where we donated 1,000 trees to support ecosystem restoration, with the participation of 26 employees.
We also played a significant role in the “Replanting the Burnt Delphic Olive Groves” project, delivering around 30,000 olive saplings of the Amfissa variety to 438 affected local olive producers, helping to replace the burnt ones and revitalize the landscape. Additionally, Danaos Shipping demonstrated its dedication to sustainability by participating in clothing recycling initiatives, such as partnering with Fabric Republic to recycle 100 kilos of clothes. These initiatives underscore our ongoing commitment to environmental stewardship and our proactive efforts to make a positive impact on the planet.

ESG AWARDS

The inaugural ESG (Environmental, Social, Governance) awards in the maritime sector took place in May at the Megaron Concert Hall, emphasizing their significance in showcasing efforts toward environmental conservation and supporting the well-being of individuals engaged in maritime transportation.
The award ceremony for the winners of the ESG Shipping Awards (ESGA) is a new institution globally under the Auspices of the Ministry OF Maritime Affairs and Insular Policy and the Hellenic Chamber of Shipping with a vision to encourage the maritime industry to embrace sustainability as part of its culture and strategy while at the same time develop a viable business model.

Danaos was proudly represented in the ESG Shipping Awards
and was awarded in the below 3 categories:

Governance (Gold)
Environment (Gold)
ESG Leader (Bronze)