1963-1976 | Our Founder, “The Father of Danaos”
Dimitris Coustas, born in 1928, had already been a successful entrepreneur before ever setting his sights on shipping.
It wasn’t until the early 1960’s that Dimitris was drawn towards shipping and began making his first investments. In 1963 he purchased his first ship, a 3,600 dwt single-deck freighter that he subsequently
renamed “Amalia” to honor his wife, Amalia Coustas.
By 1966, Dimitris, along with a business partner, owned 3 vessels.
In 1972, Dimitris assumed sole control of the company, which began operating as Danaos Shipping, an
entity that survives to this day and acts as our operations manager. Three years later, the fleet totaled 5
vessels with an agrgegate capacity of 35,000 tons.
Mythology: Danaos was a Greek mythological figure who is credited to be the builder of the very first
ship as well as regarded as the first to explore the field of navigation.