Danaos Takes Delivery of Fifth New Containership

Press Release
Monday, July 09, 2012

Greece's Danaos Corporation has  completed its new-building program with the delivery of a fifth & final 13,100 TEU vessel

Danaos Corporation, containership owners, announced that on June 29, 2012, it took delivery of its fifth and final 13,100 containership, the HYUNDAI AMBITION, expanding its operational fleet to a total of 64 containerships aggregating 363,049 TEU.

The HYUNDAI AMBITION, 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 24.7 knots.

The vessel has already commenced its 12-year time charter with an expected annualized EBITDA run-rate contribution of approximately $18.8 mil. 


Dr. John Coustas, President and Chief Executive Officer of Danaos, commented: 

"We are proud to announce the landmark completion of our new-building program that has established Danaos as one of the largest and most reliable containership operating lessors in the world with a 64 vessel fleet and a 363,049 TEU carrying capacity.



"Since going public in 2006 we have more than tripled our TEU carrying capacity, which has been growing at a 21% Compounded Annual Growth Rate. Today, Danaos has one of the most modern fleets in the industry that includes some of the largest containerships in the world. 


 


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