#Greece #Athens #Danaos Corporation #William Repko #Charalampos Pampoukis

Danaos Corporation's Board Resignation Announcement

On October 13, 2025, Danaos Corporation (NYSE: DAC), one of the leading independent owners of container ships globally, publicized the resignation of board member William Repko. This announcement brings to light a significant shift within the company's leadership structure, although it appears that the transition has been amicable.

William Repko's departure from the board is not tied to any disputes or disagreements concerning the company's operations or strategic direction. This is an important note for stakeholders as it lends stability and transparency to the transition, allowing the board to continue functioning without any contention arising from this change. Danaos Corporation's board notably consists of a majority of independent directors, thereby upholding the company’s governance standards and commitment to independent oversight of its operations.

In the wake of Repko's resignation, Charalampos Pampoukis has been appointed to the Audit Committee to fill this newly vacant position. Pampoukis’s experience and insight in auditing practices are expected to reinforce the company's governance as it navigates through the industry complexities.

Background of Danaos Corporation

Danaos Corporation stands tall as one of the preeminent independent owners of modern, large-sized container vessels. The company operates a robust fleet comprising 74 container carriers, which together equate to a total capacity of 471,477 TEUs (Twenty-foot Equivalent Units). There are also 18 additional container vessels under construction, further expanding the company’s operational reach and capacity by an additional 148,564 TEUs. This impressive fleet composition ranks Danaos among the world’s largest charter owners based on total TEU capacity.

In recent expansions, Danaos has also made strategic investments in the dry bulk sector, recently acquiring 10 capesize bulk carriers, adding an extensive capacity of 1,760,861 DWT (Dead Weight Tonnage) to its portfolio. These strategic moves underscore the company's adaptability and broader market vision, ensuring competitiveness in the diverse shipping industry.

Moreover, Danaos Corporation's container vessels are chartered to some of the largest liner companies across the globe via fixed-rate charters. This long-standing relationship fosters a stable revenue stream and positions Danaos favorably amidst changing market dynamics.

Future Outlook

The recent boardroom changes are part of an ongoing evolution at Danaos Corporation as it aims to align its leadership with the demands of the current maritime landscape. Although the resignation of a board member may prompt some concerns among investors regarding continuity and strategy, the management’s commitment to independence and transparency aims to mitigate such uncertainties.

As the company moves forward, all eyes will be on how these changes affect its operations, strategic partnerships, and ability to deliver value in an increasingly complex maritime environment. With its strong operational standards and effective governance, Danaos Corporation continues to position itself as an essential player in global shipping markets.

For further updates and investor relations information, please visit the official Danaos website.