DANAOS SHIPPING CO. LTD
Co d e an d P o l i c i e s
Our T echnical Depar tment
Da n a o s Sh ip p ing is co mmitte d to e th ica l b eha vi o r a nd v a lu e s . A mo ng s t its f irs t pri o ri t i es is to e s ta b lis h a co rp o rate a n d w o rking cu ltu re th at e nh ance s the va l u e o f e th ics and p ro mo te s ind iv id u a l respo n si b ility . T o th is e f f e ct, th e C o mp a ny fo l l ow s a n d a b id e s w ith th e C o d e of B u s i n ess C o nd u ct and E th ics , th e C o de o f C o n du c t & E th ics f o r C o rpo ra t e O f f icers & Di rec t o rs , th e E th ics a nd C o m pl i a n ce P o licy , and t h e An t i - F ra u d P o licy ( c o l l ec t i ve ly th e “ C o d e ” ) , w hi c h set th e h ig h e s t s t a n da rds f o r p ers o nne l c o n du c t re la te d to e th ical b eha vi o r and aler tne s s . Th e c o r ners to ne in preven t i n g f rau d and a ntic o r ru pt i o n is th e cre atio n o f a n en v iro nme nt th a t fo st ers m orality , inte g rity a n d b u si n e s s co nd u ct. I n devel o pi n g th e C o d e , w e ha ve t a k en into a cco u nt th e te n p rincip le s o f t he Unite d N a tio ns G lo b a l C o mp a ct a b o u t l a b o r , e nv iro nme nt, anti- co r ru p tion a n d hu m a n rig h ts .
Our T ec h n ic a l D epa rtmen t is res pon s ibl e for th e tec h n ic a l ma n a gemen t of our fl eet, prov idin g a dv a n c ed mon itorin g a n d k n owl edge on a l l rel ev a n t a s pec ts . T h e ul tima te goa l s of our T ec h n ic a l D epa rtmen t a re th e h igh ves s el util iz a tion , c os teffec tive effic ien c y a n d th e promotion of en v iron men ta l awa ren es s . We empl oy on e of th e l a rges t tec h n ic a l depa rtmen ts worl dwide a n d we a re a mon g th e h igh es t ra n k ed c ompa n ies in top un ivers ity gra dua tes ’ empl oymen t with rega rd to s uperin ten den t/ ves s el ra tio (3 empl oyees per fl eet, for s ix ves s el s on a vera ge). Our tea ms a re s ubdiv ided in to s ma l l er groups a s s ign ed to pa rtic ul a r ves s el s . T h is s truc ture, wh ic h h a s been tes ted over a l on g period of time, h a s del ivered th e h igh es t K PI s a n d uptime in a dema n din g s h ippin g in dus try. Our s uperv is ory s ys tem is en h a n c ed by mon itorin g, orga n iz a tion a l a n d a n a l ys is s oftwa re a n d h a rdwa re. T h e c ore of our fl eet mon itorin g s ys tem, En terpris e, is a n in tegra ted s oftwa re s ys tem devel oped in - h ous e wh ic h in c l udes a v a riety of modul es , s uc h a s th e ema il ex c h a n ge c en ter, th e pl a n n ed ma in ten a n c e s ys tem, th e s pa res a n d s uppl ies , th e c rewin g, th e opera tion s a n d th e I S M a dmin is tra tor. C ol l ec tin g da ta from a n on l in e da ta a c q uis ition a n d proc es s s ys tem, c a l l ed th e WA V ES Bus in es s I n tel l igen c e a n d A n a l ys is Pl a tform, s upports th e on l in e mon itorin g s ys tem a n d th e big da ta a n a l ys is .
E m pl o y ees re ce ive p erio d ic tra ining on t h e c o n t ents and imp o r ta nce o f th e C o d e, rel a t ed policie s , a nd th e ma nner in w h ich vi o l a t i o n s mu s t b e re p o r te d and w aivers m u st b e re qu e s te d . E ach e mp lo y e e o f the C o m pa n y cer tif ie s o n a n a nnu al b a s is th a t t h ey a re i n f u ll co mp liance w ith th e C o de a n d rel a t ed p o licy s tate me nts .
A l l th e h a rdwa re a n d s oftwa re fa c il ities men tion ed a bove a re c on s ta n tl y upda ted a n d buil t on s ta te- of- th e- a rt tec h n ol ogies , h el pin g to fos ter th e D a n a os S h ippin g l ea din g pos ition of tec h n ic a l a n d operational expertise. Through technology, s uperin ten den c e is a ppl ied to th e h igh es t l evel v ia en h a n c ed a n a l ys is , effec tive troubl es h ootin g, probl ems ’ predic tion or detec tion a n d rea c tion wh ic h c on tributes to min imum down time a n d opera tin g ex pen s es .
Spec i fi c a l l y , th e C o rp o rate G over na nc e G u i del i n es inclu d e th e f o llow ing : • Da n a o s C o rp o ratio n A nti- f ra u d P o licy • C o de o f Bu s ine s s C o nd u ct & E th ics • C o de o f C o nd u ct & E th ics f o r C o rp o rate O ffi c ers & D ire cto rs • E t h i c s & C o mp liance P o licy I n 2 0 1 9 th ere w ere no f ine s f o r no nc o m pl i a n c e w ith s o cia l and e co no mic laws a n d regu l a tio ns co ncer ning p rov is io n a nd u s e o f pro d u cts a nd s erv ice s .
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