Danaos Corp (DAC)

[unevilfavouredness]

No divi, the company is being bought out by Oceanfreight. Just my guess, but they are going to be bought or merge. Just like the school systems in New Jersey are finding, the Greek Shipping companies are going to need to consolodate upper level management and resources. So in essence the same command and control that is needed to operate a 40 vessel fleet is essentially the same needed to operate an 80 vessel fleet. The advents in communication technology over the past 5 years have drastically changed the dynamics of Maratime management...where we used to see tables of organization billeting and working with 2 admirals (Vice Presidents), 4 captains, 8 commanders, and 20 lieutenants, we will see a single VIce President no captains and 4 commanders leading 10 lieutenants, and the duty of petty officers significantly increased to fill the leadership voids and holes created by the decommissioning of unneeded and in the way senior executive officers. If only Washington DC could do that. Still that is my opinion. We had the same paradym occur when the steam engine replaced sails...we had a complete restructuring of the command structure.