Danaos Receives New Containerships

Danaos Corporation (NYSE: DAC) announced that it has taken delivery of all five 2,200 TEU containerships; a deal which was announced back in July. The vessels were delivered as follows: the Hyundai Vladivostok, on July 23, the Hyundai Advance, on August 20, the Hyundai Stride, on September 5, Hyundai Future On October 2, and the Hyundai Sprinter October 15. 2007, all chartered to Hyundai Merchant Marine for 10 years. Further, according to plan, the 4,253 TEU YM Seattle and the 4,300 TEU Norasia Atria were delivered to Danaos on September 10, and on October 9, 2007 respectively, both chartered to the Yang Ming Group for 12 years.