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
Danaos Corporation Takes Delivery of Its 40th Containership Vessel
| Source: Danaos Corporation
ATHENS, GREECE--(Marketwire - April 8, 2009) - Danaos Corporation (NYSE : DAC ) announced
today, April 8, 2009, that it took delivery of one more containership, the
Zim Dalian, expanding its operational fleet to a total of 40 containerships
aggregating 161,680 TEU.
The Zim Dalian has a carrying capacity of 4,253 TEU, built at Samsung Heavy
Industries and was delivered on schedule. It is 260 meters long, 32 meters
wide and has a speed of 24.5 knots (about 45 Km/h). The Zim Dalian has
already commenced its 12-year time charter at fixed rates immediately upon
delivery.
"We enthusiastically welcome the latest delivery," said Dr. Coustas, Chief
Executive Officer of Danaos. "We are pleased to have taken delivery of our
latest containership from Samsung Heavy Industries. The vessel has already
commenced its
12-year time charter with Zim Line, one of the largest containership liner
companies in the world. The vessel is chartered at an accretive fixed
charter rate which provides Danaos with an effective hedge against market
charter rate volatility. We now own and operate a fleet of 40
containerships which provides Danaos with strong cash flows to further
support our growth."
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 40 containerships aggregating 161,680 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 29
additional containerships aggregating 222,203 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