SOURCE: Danaos Corporation

November 20, 2007 09:13 ET

Danaos Corporation Receives Award for Achievement in Community Work and Corporate Responsibility

ATHENS, GREECE--(Marketwire - November 20, 2007) - Twenty-seven of Danaos Corporation's (NYSE: DAC) vessels were presented the AMVER AWARD by the United States Coast Guard (USCG) for their continued participation in the Automated Mutual Assistance Vessel Rescue program in the Year 2006. The Awards were presented during the AMVER AWARDS dinner of the PROPPELLER CLUB held in Athens, on November 15, 2007.

AMVER is a worldwide voluntary ship reporting system, operated by USCG, to promote safety of life at sea. It is a unique computer-based system used by search and rescue authorities to arrange assistance to persons in distress. With AMVER, rescue coordinators can identify participating ships in the area of distress and divert the best-suited ship or ships to respond. Participation in AMVER is free, voluntary, and open to merchant ships of all flags.

The USCG created the AMVER AWARDS program as a special way to reward those vessels that remain on plot for at least 128 days of the year. The Awards are a tribute to the ship's crew, management and to their ownership and are critical to the continued success of the program.

Dr. John Coustas, President and CEO of Danaos Corporation, commented: "We are very proud to receive, for the second year in a row, this recognition from the US Coast Guard, which rewards our commitment to high operational and safety standards for our fleet and for safety of life at sea."

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 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 32 additional containerships aggregating 217,421 TEU with scheduled deliveries up to 2011. 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 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