SOURCE: Danaos Corporation

Danaos Corporation

June 10, 2010 08:30 ET

Danaos Corporation Announces Re-Chartering of Six of Its Vessels

ATHENS, GREECE--(Marketwire - June 10, 2010) -  Danaos Corporation (NYSE: DAC), a leading international owner of containerships, announced that it has re-chartered three of its vessels.

The CMA-CGM Passiflore, which has also been renamed to Henry, a 24-year-old 3,000 TEU containership, was chartered for a period of six months with an option for an additional six months period.

The Hanjin Montreal, a 26-year-old 2,130 TEU containership, was chartered for a period of up to twelve months.

The 20-year-old 3,000 TEU trio CMA CGM Elbe, CMA CGM Kalamata and CMA CGM Komodo have also been chartered for a period of one year plus a charterer's option for one plus one year following the initial chartering period.

Further, the Bunga Raya Tiga, a 6-year-old 4,253 TEU containership, was also chartered for period of 12 months.

The successful chartering of all these vessels, some of which are among the oldest vessels in Danaos' fleet, reflects the improving market conditions in the containership sector.

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 45 containerships aggregating 193,629 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 20 additional containerships aggregating 169,050 TEU with scheduled deliveries up to 2012. The company's shares trade on the New York Stock Exchange under the symbol "DAC".

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Contact Information

  • For further information please contact:

    Company Contact:
    Dimitri J. Andritsoyiannis
    Chief Financial Officer
    Danaos Corporation
    Athens, Greece
    Tel.: +30 210 419 6481

    Iraklis Prokopakis
    Chief Operating Officer
    Danaos Corporation
    Athens, Greece
    Tel.: +30 210 419 6400

    Investor Relations and Financial Media
    Nicolas Bornozis
    Capital Link, Inc.
    New York
    Tel. 212-661-7566