Danaos explores minority stake sale and Oslo listing for dry bulk unit
DAC•Danaos is exploring a carve-out and sale of a minority stake in its dry bulk segment, alongside a potential equity placement and listing in Norway. The unit has 11 operating Capesize vessels and four Newcastlemax vessels under construction, scheduled for delivery in 2028.
1. Potential stake sale
Danaos has mandated investment banks to advise on a potential equity placement and listing in Norway for its dry bulk segment, held through Danaos Bulk. The unit includes 11 operating Capesize vessels and four Newcastlemax vessels under construction, with delivery scheduled for 2028. Danaos said the move forms part of a broader strategy focused on value creation and shareholder returns.
