Danaos Corporation Announces Re-chartering of Six of its Vessels
News Release
Danaos Corporation (Head Office)
June 10, 2010
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<DIV>Athens, Greece, June 10, 2010 - Danaos Corporation (NYSE: DAC), a leading
international owner of containerships, announced that it has re-chartered three
of its vessels. <BR><BR>The CMA-CGM Passiflore, which has also been renamed to
Henry, a 24-year-old 3,000 TEU containership, was chartered for a period of six
months with an option for an additional six months period. <BR><BR>The Hanjin
Montreal, a 26-year-old 2,130 TEU containership, was chartered for a period of
up to twelve months. The 20-year-old 3,000 TEU trio CMA CGM Elbe, CMA CGM
Kalamata and CMA CGM Komodo have also been chartered for a period of one year
plus a charterer's option for one plus one year following the initial chartering
period. <BR><BR>Further, the Bunga Raya Tiga, a 6-year-old 4,253 TEU
containership, was also chartered for period of 12 months. <BR><BR>The
successful chartering of all these vessels, some of which are among the oldest
vessels in Danaos' fleet, reflects the improving market conditions in the
containership sector. <BR><BR>About Danaos Corporation <BR><BR>Danaos
Corporation is an international owner of containerships, chartering its vessels
to many of the world's largest liner companies. Our current fleet of 45
containerships aggregating 193,629 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 fleet of 20 additional containerships
aggregating 169,050 TEU with scheduled deliveries up to 2012. The company's
<NOBR><A id=PSLINK_2_0_0 class=PSAdLink href="#"><FONT color=#006600>shares
trade</FONT></A></NOBR> on the <NOBR><A id=PSLINK_3_0_2 class=PSAdLink
href="#"><FONT color=#006600>New York Stock Exchange</FONT></A></NOBR> under the
symbol "DAC". <BR><BR></DIV></BODY></HTML>
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<DIV>Athens, Greece, June 10, 2010 - Danaos Corporation (NYSE: DAC), a leading
international owner of containerships, announced that it has re-chartered three
of its vessels. <BR><BR>The CMA-CGM Passiflore, which has also been renamed to
Henry, a 24-year-old 3,000 TEU containership, was chartered for a period of six
months with an option for an additional six months period. <BR><BR>The Hanjin
Montreal, a 26-year-old 2,130 TEU containership, was chartered for a period of
up to twelve months. The 20-year-old 3,000 TEU trio CMA CGM Elbe, CMA CGM
Kalamata and CMA CGM Komodo have also been chartered for a period of one year
plus a charterer's option for one plus one year following the initial chartering
period. <BR><BR>Further, the Bunga Raya Tiga, a 6-year-old 4,253 TEU
containership, was also chartered for period of 12 months. <BR><BR>The
successful chartering of all these vessels, some of which are among the oldest
vessels in Danaos' fleet, reflects the improving market conditions in the
containership sector. <BR><BR>About Danaos Corporation <BR><BR>Danaos
Corporation is an international owner of containerships, chartering its vessels
to many of the world's largest liner companies. Our current fleet of 45
containerships aggregating 193,629 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 fleet of 20 additional containerships
aggregating 169,050 TEU with scheduled deliveries up to 2012. The company's
<NOBR><A id=PSLINK_2_0_0 class=PSAdLink href="#"><FONT color=#006600>shares
trade</FONT></A></NOBR> on the <NOBR><A id=PSLINK_3_0_2 class=PSAdLink
href="#"><FONT color=#006600>New York Stock Exchange</FONT></A></NOBR> under the
symbol "DAC". <BR><BR></DIV></BODY></HTML>