hero · full-screen video or image

Danaos moves the world

CapesizeNewcastlemaxEuronext Growth Oslo · DCB

Scroll ↓

About us

Danaos Bulk Inc. is an independent owner of high-quality Capesize dry bulk vessels, complemented by a programme of modern Newcastlemax newbuildings, transporting iron ore, coal and other major bulk commodities for leading charterers worldwide.

Danaos Bulk Inc. is listed on Euronext Growth Oslo under the ticker “DCB” and is the dry bulk arm of Danaos Corporation (NYSE: DAC). Our fleet is managed by Danaos Shipping Co. Ltd.

about · 4:5
Capesize · at sea

Listed

DCB

Euronext Growth Oslo

Parent

DAC

Danaos Corporation · NYSE

Manager

1972

Danaos Shipping Co. Ltd.

About us

Why Danaos Bulk

edge

Competitive edge

Through our manager, Danaos Shipping, we benefit from a distinct edge in advanced shipping technology and a long track record of safety, efficiency, and environmental responsibility, which has helped forge lasting relationships with our customers.

growth

Growth approach

Our conservative and disciplined approach to fleet growth has positioned us to exploit market opportunities during periods of low ship prices and reduced demand.

manager

Key fact

Established in 1972 by Dimitris Coustas, our manager Danaos Shipping has a long history of operating and investing in the shipping industry. Our fleet comprises 11 Capesize bulk carriers of 1,943,286 DWT and 4 Newcastlemax newbuildings, totalling 2,787,286 DWT on a fully delivered basis.

Board

  1. portrait
    Chief Executive Officer

    Dr. John Coustas is the Chairman of the board of directors of the Company. Dr. Coustas is also the Chief Executive Officer of the Company. Dr. Coustas also holds the position as President, Chief Executive Officer and a member of the Board of Directors of Danaos Corp. He has over 30 years of experience in the shipping industry and assumed management of Danaos Corp in 1987 from his father Dimitris Coustas, who founded Danaos Shipping in 1972. He has been responsible for Danaos Corp group's corporate strategy and the management of its affairs since that time. In 1986, Dr. Coustas co-founded Danaos Management Consultants, a company specialising in Maritime Applications and Systems, with operational responsibility for the development of maritime information systems and applications. Dr. Coustas is Vice Chairman of the Board of Directors of the Swedish Club, a member of the Board of Directors of the Union of Greek Shipowners and a member of the DNV Council. He holds a degree from the Faculty of Mechanical and Electrical Engineering of the National Technical University of Athens, as well as a Master's degree in Computer Science and a Ph.D. in Computer Controls from Imperial College, London.

  2. portrait
    Vice Chairman

    Mr. Iraklis Prokopakis is a member of the board of directors of the Company. Mr. Prokopakis is also the Vice Chairman and a member of the board of directors of Danaos Corp. Mr. Prokopakis joined Danaos Corp in 1998 and served as Danaos Corp's Senior Vice President and Chief Operating Officer through 2023. Mr. Prokopakis has over 40 years of experience in the shipping industry while prior to entering the shipping industry he was a captain in the Hellenic Navy. He holds a Bachelor of Science in Mechanical Engineering from the University of Portsmouth in the United Kingdom, a Master’s degree in Naval Architecture and a Ship Risk Management Diploma from the Massachusetts Institute of Technology in the United States and a post-graduate diploma in business studies from the London School of Economics. Mr. Prokopakis also has a Certificate in Operational Audit of Banks from the Management Center Europe in Brussels and a Safety Risk Management Certificate from Det Norske Veritas. He is a member of the Board of the Hellenic Chamber of Shipping, the Owners’ Committee of the Korean Register of Shipping and the Skuld's Member Committee.

  3. portrait
    Chief Financial Officer

    Mr. Evangelos Chatzis is a member of the board of directors of the Company. Mr. Chatzis is the Chief Financial Officer of the Company. Mr. Chatzis also holds the position as Vice President, Chief Financial Officer, Treasurer and Secretary in Danaos Corp. Mr. Chatzis has been with Danaos Corp since 2005 and has over 30 years of experience in corporate finance and the shipping industry. During his years with Danaos he has been actively engaged in the company’s initial public offering in the United States and has led the finance function of the company. Throughout his career he has developed considerable experience in operations, corporate finance, treasury and risk management and international business structuring. Prior to joining Danaos, Evangelos was the Chief Financial Officer of Globe Group of Companies, a public company in Greece engaged in a diverse scope of activities including dry bulk shipping, the textile industry, food production & distribution and real estate. During his years with Globe Group, he was involved in mergers and acquisitions, corporate restructurings and privatisations. He holds a Bachelor of Science degree in Economics from the London School of Economics, a Master of Science degree in Shipping & Finance from City University Cass Business School, as well as a post-graduate diploma in Shipping Risk Management from IMD Business School.

  4. portrait
    Director

    Mr. Dimitris Vastarouchas is a member of the board of directors of the Company. Mr. Vastarouchas is also the Vice President & Chief Operating Officer in Danaos Corp. Mr. Vastarouchas has been the Technical Manager of Danaos Corp since 2005 and has over 20 years of experience in the shipping industry. Mr. Vastarouchas initially joined Danaos Corp in 1995 and prior to becoming Technical Manager he was the New Buildings Projects and Site Manager, in which capacity he supervised newbuild projects in Korea for 4,250, 5,500 and 8,500 TEU containerships. He holds a degree in Naval Architecture & Marine Engineering from the National Technical University of Athens, Certificates & Licenses of expertise in the fields of Aerodynamics (C.I.T.), Welding (CSWIP), Marine Coating (FROSIO) and Insurance (North of England P&I). He is also a qualified auditor by Det Norske Veritas and Certified Negotiator by Schranner Negotiations Institute (SNI).

  5. portrait
    Director

    Mr. Filippos Prokopakis is a member of the board of directors of the Company. Mr. Prokopakis is also the Chief Commercial Officer in Danaos Corp. Mr. Prokopakis joined Danaos Corp in 2012 and served as Commercial Director. Filippos has over 13 years of experience in the shipping and logistics industry. During his tenure with Danaos Corp, he has been in charge of chartering and sale and purchase activities and has developed considerable experience across all commercial operations. Prior to joining Danaos Corp, Filippos was a Project Manager at Mamidoil – Jetoil S.A., responsible for commercial operations concerning aviation fuel, contract negotiations, market analysis and forecasting. He holds a bachelor’s degree in business administration from Hofstra University, New York, a Master of Science degree in International Marketing from London South Bank University and Certificates in the fields of Shipping, Negotiations and Decision Making.

  6. portrait
    Director

    Miklós Konkoly-Thege is a member of the board of directors of the Company. Mr. Konkoly-Thege is a retired Chief Executive Officer of Det Norske Veritas. Mr. Konkoly-Thege began at Det Norske Veritas (“DNV”), a ship classification society, in 1984. From 1984 through 2002, Mr. Konkoly-Thege served in various capacities with DNV including Chief Operating Officer, Chief Financial Officer and Corporate Controller, Head of Corporate Management Staff and Head of Business Areas. Mr. Konkoly-Thege became President and Chairman of the Executive Board of DNV in 2002 and served in that capacity until his retirement in May 2006. Subsequent to his retirement Mr. Konkoly-Thege has served as member of the board of directors of several companies, including Wilhelmsen Technical Solutions AS, International Tanker Management Holding LTD, Stena Hungary Holding KFT and Danaos Corporation. Mr. Konkoly-Thege holds a Master of Science degree in civil engineering from Technische Universität Hannover, Germany and an MBA from the University of Minnesota.

Senior executives

  1. portrait
    Chief Executive OfficerMember of executive management since 2026

    Dr. John Coustas is the Chairman of the board of directors of the Company. Dr. Coustas is also the Chief Executive Officer of the Company. Dr. Coustas also holds the position as President, Chief Executive Officer and a member of the Board of Directors of Danaos Corp. He has over 30 years of experience in the shipping industry and assumed management of Danaos Corp in 1987 from his father Dimitris Coustas, who founded Danaos Shipping in 1972. He has been responsible for Danaos Corp group's corporate strategy and the management of its affairs since that time. In 1986, Dr. Coustas co-founded Danaos Management Consultants, a company specialising in Maritime Applications and Systems, with operational responsibility for the development of maritime information systems and applications. Dr. Coustas is Vice Chairman of the Board of Directors of the Swedish Club, a member of the Board of Directors of the Union of Greek Shipowners and a member of the DNV Council. He holds a degree from the Faculty of Mechanical and Electrical Engineering of the National Technical University of Athens, as well as a Master's degree in Computer Science and a Ph.D. in Computer Controls from Imperial College, London.

  2. portrait
    Chief Financial OfficerMember of executive management since 2026

    Mr. Evangelos Chatzis is a member of the board of directors of the Company. Mr. Chatzis is the Chief Financial Officer of the Company. Mr. Chatzis also holds the position as Vice President, Chief Financial Officer, Treasurer and Secretary in Danaos Corp. Mr. Chatzis has been with Danaos Corp since 2005 and has over 30 years of experience in corporate finance and the shipping industry. During his years with Danaos he has been actively engaged in the company’s initial public offering in the United States and has led the finance function of the company. Throughout his career he has developed considerable experience in operations, corporate finance, treasury and risk management and international business structuring. Prior to joining Danaos, Evangelos was the Chief Financial Officer of Globe Group of Companies, a public company in Greece engaged in a diverse scope of activities including dry bulk shipping, the textile industry, food production & distribution and real estate. During his years with Globe Group, he was involved in mergers and acquisitions, corporate restructurings and privatisations. He holds a Bachelor of Science degree in Economics from the London School of Economics, a Master of Science degree in Shipping & Finance from City University Cass Business School, as well as a post-graduate diploma in Shipping Risk Management from IMD Business School.

Industry

The raw materials of the global economy, carried in the hold.

Dry bulk shipping carries the raw materials of the global economy – principally iron ore, coal and grain, as well as bauxite, steel products and other minor bulks – in unpackaged form directly in the vessel’s holds.

Drag to turn

Interactive globe needs WebGL

Our fleet

15vessels · 2,787,286 DWT

    Share information

    Ticker

    DCB

    Danaos Bulk Inc. is listed on Euronext Growth Oslo under the ticker “DCB” and is the dry bulk arm of Danaos Corporation (NYSE: DAC).

    Contact us

    Contact us

    Reach Danaos Bulk and its investor relations contact.

    Corporate address

    Danaos Bulk Inc., C/O Danaos Shipping Co Ltd., 3 Christaki Kompou Street, Peters House, 3011 Limassol, Cyprus

    Piraeus office

    14 Akti Kondyli, 185 45 Piraeus, Greece (manager’s office)

    Telephone

    +30 210 419 6480

    +30 213 017 6480

    Fax

    +30 210 419 6489

    Investor contact

    Evangelos Chatzis

    Chief Financial Officer, Danaos Bulk Inc.

    Tel +30 210 419 6480 · Email ir@danaosbulk.com

    Website

    www.danaosbulk.com