Danaos Corporation Adds a Further 13,100 TEU Containership to Its Fleet, While It Expects Delivery of One More 13,100 TEU Vessel Within June to Complete Its New Building Program

Marketwired

ATHENS, GREECE--(Marketwire -06/11/12)- Danaos Corporation (DAC), a leading international owner of containerships, announced that on June 7, 2012, it took delivery of one more 13,100 containership, the HYUNDAI SPEED, expanding its operational fleet to a total of 63 containerships aggregating 349,949 TEU. The Company expects delivery of its last 13,100 TEU vessel by the end of June, at which point its current new building program will be completed.

The HYUNDAI SPEED, built at Hyundai Samho Heavy Industries Co. Ltd, has a carrying capacity of 13,100 TEU, is 366 meters long, 48.2 meters wide and has a speed of 24.70 knots. The vessel has already commenced its 12-year time charter with an expected annualized EBITDA run-rate contribution of approximately $18.8 mil.

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 63 containerships aggregating 349,949 TEUs ranks Danaos among the largest containership charter owners in the world based on total TEU capacity. Danaos is one of the largest US listed containership companies based on fleet size. Furthermore, the company has a contracted 1 additional containership aggregating 13,100 TEU with scheduled delivery in June 2012. The company's shares trade on the New York Stock Exchange under the symbol "DAC."

Visit our website at www.danaos.com

Contact:
For further information please contact:
Company
Evangelos Chatzis
Chief Financial Officer
Danaos Corporation
Athens, Greece
Tel.: +30 210 419 6480
E-Mail: cfo@danaos.com
Iraklis Prokopakis
Senior Vice President and 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: danaos@capitallink.com

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