SOURCE: Danaos Corporation

Danaos Corporation

August 23, 2010 16:05 ET

Danaos Corporation Adds Two More Newly Built Vessels to Its Fleet

ATHENS, GREECE--(Marketwire - August 23, 2010) -  Danaos Corporation (NYSE: DAC), a leading international owner of containerships, announced that on August 16, 2010 and August 18, 2010, it took delivery of two newly built containerships, the CMA CGM RACINE and the YM MATURITY, expanding its operational fleet to a total of 49 containerships aggregating 216,529 TEU.

The CMA CGM RACINE, built at Sungdong Shipbuilding & Marine Engineering, and the YM MATURITY, built at Hanjin Heavy Industries & Construction Co., have both a carrying capacity of 6,500 TEU, are 300 meters long, 40 meters wide and have a speed of 25.60 knots.

The CMA CGM RACINE has commenced its 12-year time charter at a fixed charter rate immediately upon delivery as has the YM MATURITY, which commenced its 18-year bareboat charter at a fixed charter rate immediately upon delivery.

About Danaos Corporation

Danaos Corporation is an international owner of containerships, chartering its vessels to many of the world's largest liner companies. Our current fleet of 49 containerships aggregating 216,529 TEUs ranks Danaos among the largest containership charter owners in the world based on total TEU capacity. Danaos is the largest US listed containership company based on fleet size. Furthermore, the company has a contracted fleet of 16 additional containerships aggregating 146,150 TEU with scheduled deliveries up to 2012. The company's shares trade on the New York Stock Exchange under the symbol "DAC".

Visit our website at www.danaos.com

Contact Information

  • For further information please contact:

    Company Contact:

    Dimitri J. Andritsoyiannis
    Chief Financial Officer
    Danaos Corporation
    Athens, Greece
    Tel.: +30 210 419 6481
    E-Mail: cfo@danaos.com

    Iraklis Prokopakis
    Chief Operating Officer
    Danaos Corporation
    Athens, Greece
    Tel.: +30 210 419 6400
    E-Mail: coo@danaos.com

    Investor Relations and Financial Media
    Nicolas Bornozis
    President
    Capital Link, Inc.
    New York
    Tel. 212-661-7566
    E-Mail: danaos@capitallink.com