SOURCE: Danaos Corporation

December 21, 2006 09:18 ET

Danaos Corporation Takes Delivery of Three Containerships From A.P. Moller-Maersk Group

ATHENS, GREECE -- (MARKET WIRE) -- December 21, 2006 -- Danaos Corporation (NYSE: DAC) today announced that it has now taken delivery of all three 4,814 TEU vessels from the A.P. Moller-Maersk Group according to schedule. The Maersk Marathon, Maersk Messologi and Maersk Mytilini were delivered on December 12, 17 and 21, 2006 respectively and are already employed under five-year charters with the A.P. Moller-Maersk Group at a rate of $23,450 per vessel per day. After the initial five-year charter periods, the A.P. Moller-Maersk Group will have four consecutive one-year options to re-charter each ship for $22,400 per day, $21,400 per day, $20,400 per day and $20,400 per day respectively. The addition of these three vessels to Danaos' fleet brings the total count of its containerships to 31.

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 31 containerships aggregating 140,137 TEUs ranks Danaos among the largest containership charter owners in the world based on total TEU capacity. Danaos is the largest U.S. listed containership company based on fleet size and market capitalization. Furthermore, the company has on order 15 additional containerships aggregating 75,124 TEU with scheduled deliveries up to the end of 2009. 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 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: nbornozis@capitallink.com