SOURCE: Danaos Corporation

October 19, 2007 09:35 ET

Danaos Corporation Adds to Its Fleet Seven Containerships

ATHENS, GREECE--(Marketwire - October 19, 2007) - Danaos Corporation (NYSE: DAC) today announced that it has taken delivery of all five 2,200 TEU containerships; a deal which was announced back in July.

The vessels were delivered as follows: the Hyundai Vladivostok, on July 23, the Hyundai Advance, on August 20, the Hyundai Stride, on September 5, Hyundai Future, on October 2, and the Hyundai Sprinter October 15, 2007, all chartered to Hyundai Merchant Marine for 10 years.

Further, according to plan, the 4,253 TEU YM Seattle and the 4,300 TEU Norasia Atria were delivered to Danaos on September 10, and on October 9, 2007 respectively, both chartered to the Yang Ming Group for 12 years.

About Danaos Corporation

Danaos Corporation is an international owner of containerships, chartering its vessels to many of the world's largest liner companies. Its current fleet of 36 containerships aggregating 147,472 TEUs ranks Danaos among the largest containership charter owners in the world based on total TEU capacity. Danaos is the largest US listed containership company based on fleet size. Furthermore, the company has a contracted fleet of 27 additional containerships aggregating 154,421 TEU with scheduled deliveries up to 2011. 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:
    Dimitri Andritsoyiannis
    Vice President and Chief Financial Officer
    Danaos Corporation
    Athens, Greece
    Tel: +30 210 419 6481
    E-Mail: cfo@danaos.com

    Iraklis Prokopakis
    Vice President and 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: nbornozis@capitallink.com