Danaos Adds Containership to Fleet

Press Release
Tuesday, June 12, 2012

Greece-based Danaos Corporation adds a further 13,100 TEU containership to Its major fleet, one more due soon to complete newbuild programme

Danaos Corporation, a containership owner, announces  it has taken 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.

Danaos Corporation is an international owner of containerships, chartering its vessels to many of the world's largest liner companies.


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