SOURCE: Danaos Corporation

Danaos Corporation

April 06, 2011 14:00 ET

Danaos Corporation Adds Largest Vessels Using New Facility

ATHENS, GREECE--(Marketwire - April 6, 2011) - Danaos Corporation (NYSE: DAC), a leading international owner of containerships, announced that on March 10, 2011 and April 6, 2011, it took delivery of two newly built containerships, the Hanjin Germany and the Hanjin Italy, expanding its operational fleet to a total of 53 containerships aggregating 243,529 TEU.

The Hanjin Germany and the Hanjin Italy, built at Hyundai Samho Heavy Industries Co. Ltd, both have a carrying capacity of 10,100 TEU, are 349 meters long, 45.6 meters wide and have a speed of 25.50 knots.

Both Hanjin Germany and Hanjin Italy have commenced their 12-year time charter at a fixed charter rate immediately upon delivery.

These vessels are currently the largest in operation in the Danaos fleet and the first ones to be financed under its new Comprehensive Financing Plan.

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 53 containerships aggregating 243,529 TEUs ranks Danaos among the largest containership charter owners in the world based on total TEU capacity. Furthermore, the company has a contracted fleet of 12 additional containerships aggregating 119,150 TEU with scheduled deliveries up to 2012. The company's shares trade on the New York Stock Exchange under the symbol "DAC".

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: danaos@capitallink.com