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".