Danaos Corporation Adds Largest Vessels Using New Facility
News Release
Danaos Corporation (Head Office)
April 8, 2011
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<DIV>Athens, Greece, April 6, 2011 - Danaos Corporation (NYSE: DAC) a leading
international owner of containerships, announced that on March 10, 2011 and
April 6, 2011, it took delivery of two newly built containerships, the Hanjin
Germany and the Hanjin Italy, expanding its operational fleet to a total of 53
containerships aggregating 243,529 TEU. <BR><BR>The Hanjin Germany and the
Hanjin Italy, built at Hyundai Samho Heavy Industries Co. Ltd, both have a
carrying capacity of 10,100 TEU, are 349 meters long, 45.6 meters wide and have
a speed of 25.50 knots.<BR><BR>Both Hanjin Germany and Hanjin Italy have
commenced their 12-year time charter at a fixed charter rate immediately upon
delivery.<BR><BR>These vessels are currently the largest in operation in the
Danaos fleet and the first ones to be financed under its new Comprehensive
Financing Plan. <BR><BR></DIV></BODY></HTML>
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<DIV>Athens, Greece, April 6, 2011 - Danaos Corporation (NYSE: DAC) a leading
international owner of containerships, announced that on March 10, 2011 and
April 6, 2011, it took delivery of two newly built containerships, the Hanjin
Germany and the Hanjin Italy, expanding its operational fleet to a total of 53
containerships aggregating 243,529 TEU. <BR><BR>The Hanjin Germany and the
Hanjin Italy, built at Hyundai Samho Heavy Industries Co. Ltd, both have a
carrying capacity of 10,100 TEU, are 349 meters long, 45.6 meters wide and have
a speed of 25.50 knots.<BR><BR>Both Hanjin Germany and Hanjin Italy have
commenced their 12-year time charter at a fixed charter rate immediately upon
delivery.<BR><BR>These vessels are currently the largest in operation in the
Danaos fleet and the first ones to be financed under its new Comprehensive
Financing Plan. <BR><BR></DIV></BODY></HTML>