Danaos Corporation Adds the Largest Newbuilding to Its Fleet

ATHENS, GREECE--(Marketwire - Feb 17, 2012) - Danaos Corporation (NYSE: DAC), a leading international owner of containerships, announced that on February 16, 2012, it took delivery of its largest vessel in the fleet, the HYUNDAI TOGETHER, expanding its operational fleet to a total of 60 containerships aggregating 304,249 TEU.

The HYUNDAI TOGETHER, built at Hyundai Samho Heavy Industries Co. Ltd, has a carrying capacity of 13,100 TEU, is 366 meters long, 48.2 meters wide and has a speed of 24.70 knots. The HYUNDAI TOGETHER 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 60 containerships aggregating 304,249 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 5 additional containerships aggregating 60,930 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