SOURCE: Danaos Corporation

Danaos Corporation

April 15, 2011 09:00 ET

Danaos Corporation Adds One More Newly Built Vessel to Its Fleet

ATHENS, GREECE--(Marketwire - Apr 15, 2011) - Danaos Corporation (NYSE: DAC), a leading international owner of containerships, announced that on April 15, 2011, it took delivery of one more newly built containership, the Hanjin Constantza, expanding its operational fleet to a total of 54 containerships aggregating 246,929 TEU.

The Hanjin Constantza, built at Hanjin Heavy Industries & Construction Co. Ltd., has a carrying capacity of 3,400 TEU, is 222.5 meters long, 32.2 meters wide and has a speed of 23 knots. The Hanjin Constantza has commenced its 10-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 54 containerships aggregating 246,929 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 11 additional containerships aggregating 115,750 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

    Iraklis Prokopakis
    Chief Operating Officer
    Danaos Corporation
    Athens, Greece
    Tel. +30 210 419 6400

    Investor Relations and Financial Media:
    Nicolas Bornozis
    Capital Link, Inc.
    New York
    Tel. 212-661-7566