Contact Information: For further information please contact: Company Contact: Dimitri 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: nbornozis@capitallink.com
Danaos Corporation Arranges Three-Year Charter for Its 3,100 TEU Containership YM Milano
| Source: Danaos Corporation
ATHENS, GREECE--(Marketwire - January 8, 2008) - Danaos Corporation (NYSE : DAC ) today
announced that it has signed an agreement with YML to re-charter the YM
Milano, a 3,100 TEU containership, for a period of 3 years beginning
immediately after its current employment starting July 2008 at an improved
fixed charter rate. The vessel will trade in the Asia region.
"We are very pleased to have arranged this charter with YML, one of the
largest liner companies in the world, with which we already have a
longstanding relationship," said Dr. Coustas, Chief Executive Officer of
Danaos. "The specific charter demonstrates that the charter market and the
demand for containerships are still strong while with this re-chartering we
have reached a charter cover for 2008 of almost 100%."
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 37 containerships aggregating 151,725 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 34
additional containerships aggregating 243,468 TEU with scheduled deliveries
up to 2011. The company's shares trade on the New York Stock Exchange under
the symbol "DAC."
Visit our website at www.danaos.com