SOURCE: Danaos Corporation

Danaos Corporation

May 20, 2010 08:30 ET

Danaos Corporation Adds Two More Newly Built Vessels to Its Fleet

ATHENS, GREECE--(Marketwire - May 20, 2010) -  Danaos Corporation (NYSE: DAC), a leading international owner of containerships, announced that on May 17, 2010 and May 19, 2010, it took delivery of two newly built containerships, the CMA CGM NERVAL and the YM MANDATE, expanding its operational fleet to a total of 44 containerships aggregating 190,229 TEU.

The CMA CGM NERVAL, built at Sungdong Shipbuilding & Marine Engineering and the YM MANDATE, built at Hanjin Heavy Industries & Construction Co. have both a carrying capacity of 6,500 TEU, are 300 meters long, 40 meters wide and have a speed of 25,60 knots.

The CMA CGM NERVAL has commenced its 12-year time charter at a fixed charter rate immediately upon delivery as has the YM MANDATE which commenced its 18-year bareboat 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 44 containerships aggregating 190,229 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 24 additional containerships aggregating 191,950 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