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 Receives Award for Achievement in Community Work and Corporate Responsibility
| Source: Danaos Corporation
ATHENS, GREECE -- (MARKET WIRE) -- October 30, 2006 -- Twenty-five of Danaos Corporation's (NYSE : DAC ) vessels were presented the AMVER AWARD by the United States Coast
Guard (USCG) for their continued participation (over 128 consecutive days)
in the Automated Mutual Assistance Vessel Rescue program in the Year 2005.
The Awards were presented during the AMVER AWARDS dinner of the PROPPELLER
CLUB held in Athens, on October 24, 2006
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 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. Its current
fleet of 27 containerships aggregating 116,115 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
contracted for 16 additional containerships aggregating 84,704 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