SOURCE: Danaos Corporation

Danaos Corporation

July 08, 2010 09:00 ET

Danaos Corporation Adds One More Newly Built Vessel to Its Fleet

ATHENS, GREECE--(Marketwire - July 8, 2010) -  Danaos Corporation (NYSE: DAC), a leading international owner of containerships, announced that on July 6, 2010, it took delivery of one more newly built containership, the Hanjin Santos, expanding its operational fleet to a total of 47 containerships aggregating 203,529 TEU.

The Hanjin Santos, 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 Santos 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 47 containerships aggregating 203,529 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 18 additional containerships aggregating 159,150 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:

    Dimitri J. 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