Danaos Corporation Vessel Maersk Mytilini Rescues French Oceankite Sailor Anne Quemere


ATHENS, GREECE--(Marketwire - December 12, 2008) - Danaos Corporation (NYSE: DAC) announced that on Wednesday, December 10, 2008, one of its vessels, the Maersk Mytilini, teamed with U.S. Coast Guard search & rescue coordinators to rescue a French adventurer approximately 1,700 nautical miles southeast of Hilo, Hawaii.

The French Adventurer Anne Quemere departed San Francisco in an 18-foot kite sailing boat, the Adrien, on Nov. 4 attempting to sail to Tahiti. Her Oceankite became disabled with a torn sail and a damaged pulley system and was stranded in the Intertropical Convergence Zone, known as the Doldrums.

The U.S. Coast Guard Joint Rescue Coordination Centre (JRCC) issued a Marine Assistance Radio Broadcast (MARB) on Tuesday, December 9, asking for any Automated Mutual Assistance Vessel Rescue (AMVER) system vessels in the area to assist.

The crew of the container ship Maersk Mytilini responded to the MARB at 6 p.m. on Tuesday, December 9. Quemere was brought safely aboard the ship Wednesday, December 10 at 5 p.m., and was reported to be in good condition.

Mr. Iraklis Prokopakis, Senior Vice President and COO of Danaos Corporation, commented: "We feel proud of our Master, Captain John Anagnostou, and his crew who conducted a successful rescue operation in line with the Danaos Corporation policy and commitment to the safety of life at sea. The rescue operation was a typical example of the solidarity of the people at sea and a proof of the importance of AMVER in search and rescue operations 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 38 containerships aggregating 153,174 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. Furthermore, the company has a contracted fleet of 31 additional containerships aggregating 230,709 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: 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