SOURCE: Danaos Corporation

October 30, 2006 15:32 ET

Danaos Corporation Receives Award for Achievement in Community Work and Corporate Responsibility

ATHENS, GREECE -- (MARKET WIRE) -- October 30, 2006 -- Twenty-five of Danaos Corporation's (NYSE: DAC) vessels were presented the AMVER AWARD by the United States Coast Guard (USCG) for their continued participation (over 128 consecutive days) in the Automated Mutual Assistance Vessel Rescue program in the Year 2005. The Awards were presented during the AMVER AWARDS dinner of the PROPPELLER CLUB held in Athens, on October 24, 2006

AMVER is a worldwide voluntary ship reporting system, operated by USCG, to promote safety of life at sea. It is a unique computer-based system used by search and rescue authorities to arrange assistance to persons in distress. With AMVER, rescue coordinators can identify participating ships in the area of distress and divert the best-suited ship or ships to respond. Participation in AMVER is free, voluntary, and open to merchant ships of all flags.

The USCG created the AMVER AWARDS program as a special way to reward those vessels that remain on plot for at least 128 days of the year. The Awards are a tribute to the ship's crew, management and to their ownership and are critical to the continued success of the program.

Dr. John Coustas, President and CEO of Danaos Corporation commented: "We are very proud to receive this recognition from the US Coast Guard, which rewards our commitment to high operational and safety standards for our fleet and for safety of life at sea."

About Danaos Corporation

Danaos Corporation is an international owner of containerships, chartering its vessels to many of the world's largest liner companies. Its current fleet of 27 containerships aggregating 116,115 TEUs ranks Danaos among the largest containership charter owners in the world based on total TEU capacity. Danaos is the largest U.S.-listed containership company based on fleet size and market capitalization. Furthermore, the company has contracted for 16 additional containerships aggregating 84,704 with scheduled deliveries up to the end of 2009. 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 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