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 Containership, Expanding Its Fleet to 31 Vessels
| Source: Danaos Corporation
ATHENS, GREECE -- (MARKET WIRE) -- March 12, 2007 -- Danaos Corporation (NYSE : DAC ) today
announced that it took delivery of the Norasia Integra (ex E.R. Auckland),
a vessel it had already agreed to acquire. Norasia Integra is a 4,300 TEU
containership and will commence its 12 year charter with the Yang Ming
Group in May 2007, as it is currently under charter with Norasia. The 12
year charter will run at a daily rate of $27,800 for the first four years
and at a daily rate of $26,300 for the remainder period.
Dr. Coustas, Chief Executive Officer of Danaos, commented: "The delivery of
the 2004 built Norasia Integra is an accretive addition to our fleet,
representing an investment of $61.75 million. After the delivery of the APL
England to APL following the exercise of the call option APL had for this
vessel, the addition of the Norasia Integra brings the number of our
containerships to 31. With the delivery of two more bulk carriers to their
new owners during the previous weeks, the Roberto C and the Maria C, Danaos
is now essentially a pure play in the containership industry."
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 138,931 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 and market capitalization. Furthermore, the company has on order
18 additional containerships aggregating 98,024 TEU with scheduled
deliveries up to 2010. The company's shares trade on the New York Stock
Exchange under the symbol "DAC."
Visit our website at www.danaos.com