Danaos Adds Two More Newbuilds to Fleet

Friday, May 21, 2010

Danaos Corporation (NYSE: DAC), on May 17, 2010 and May 19, 2010, took delivery of two newly built containerships, the CMA CGM Nerval and the YM Mandate, expanding its operational fleet to a total of 44 containerships aggregating 190,229 TEU.

The CMA CGM Nerval, built at Sungdong Shipbuilding & Marine Engineering and the YM Mandate, built at Hanjin Heavy Industries & Construction Co. have both a carrying capacity of 6,500 TEU, are 984 ft long, 131 ft wide and have a speed of 25,60 knots.

The CMA CGM Nerval has commenced its 12-year time charter at a fixed charter rate immediately upon delivery as has the YM Mandate which commenced its 18-year bareboat charter at a fixed charter rate immediately upon delivery.

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