SOURCE: Danaos Corporation

Danaos Corporation

November 01, 2011 16:05 ET

Danaos Corporation Adds One More 8,530 TEU Containership to Its Fleet

ATHENS, GREECE--(Marketwire - Nov 1, 2011) - Danaos Corporation (NYSE: DAC), a leading international owner of containerships, announced that on October 26, 2011, it took delivery of one more newly built containership, the CMA CGM BIANCA, expanding its operational fleet to a total of 58 containerships aggregating 282,619 TEU.

The CMA CGM BIANCA, built at Shanghai Jiangnan Changxing Heavy Industry, has a carrying capacity of 8,530 TEU, is 335 meters long, 42.8 meters wide and has a speed of 25.80 knots. The CMA CGM BIANCA has commenced its 12-year time 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 58 containerships aggregating 282,619 TEUs ranks Danaos among the largest containership charter owners in the world based on total TEU capacity. Danaos is one of the largest US listed containership companies based on fleet size. Furthermore, the company has a contracted fleet of 7 additional containerships aggregating 82,560 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:

    Evangelos Chatzis
    Chief Financial Officer
    Danaos Corporation
    Athens, Greece
    Tel.: +30 210 419 6404
    E-Mail: cfo@danaos.com

    Iraklis Prokopakis
    Senior Vice President & 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