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 Adds 39th Containership to Its Fleet
| Source: Danaos Corporation
ATHENS, GREECE--(Marketwire - January 6, 2009) - Danaos Corporation (NYSE : DAC ) announced
today January 6, 2009, that it took delivery of one more containership, the
Zim Monaco, expanding its operational fleet to a total of 39 containerships
aggregating 157,427 TEU.
The Zim Monaco has a carrying capacity of 4,253 TEU and was built by
Samsung Heavy Industries. It is 260 meters long, 32 meters wide and has a
speed of 24.5 knots (about 45 Km/h). The Zim Monaco has already commenced
its 12-year time charter at fixed rates immediately upon delivery. This
vessel is recorded as the first vessel export in Korea's shipbuilding
industry in 2009, and it is the 16th vessel Danaos has received from
Samsung Heavy Industries out of the 18 vessels that Danaos has ordered in
total at the shipyard.
"We enthusiastically welcome the latest delivery," said Dr. Coustas, Chief
Executive Officer of Danaos. "We are proud to have taken delivery of the
first 2009 built 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. It 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
39 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 39 containerships aggregating 157,427 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 30
additional containerships aggregating 226,456 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