Athens, Greece, Nov. 22, 2006

Danaos Corporation (NYSE:DAC) announced today that it has taken delivery of the CSCL Le Havre, a 9,580 TEU new building containership that was built at Samsung Heavy Industries. This vessel was delivered ahead of its scheduled time of January 2007. Following this delivery, Danaos' fleet is comprised of 28 containerships with a total capacity of 125,735 TEU. Danaos has on order fifteen additional containerships aggregating 75,124 TEU with scheduled deliveries up to the end of 2009, all of which are already chartered at fixed rates to major liner companies for twelve years.

The CSCL Le Harve has been chartered out to China Shipping for twelve years. Under its current fixed charter rate, it is expected to add in excess of USD 12 million in annual revenues over the next twelve years.

Dr. John Coustas, Chief Executive Officer of Danaos Corporation, commented, "We are pleased to take delivery well ahead of schedule of the CSCL Le Havre, which along with its sister ship the CSCL Pusan that joined our fleet in early September are two of the largest containership vessels of their type in the world."


About Danaos Corporation

Danaos Corporation is an international owner of containerships, chartering its vessels to many of the world’s largest liner companies. Its current fleet of 28 containerships aggregating 125,735 TEUs ranks Danaos among the largest containership charter owners in the world based on total TEU capacity. Danaos is the largest U.S.- listed containership company based on fleet size and market capitalization. Furthermore, the company has contracted for 15 additional containerships aggregating 75,124 with scheduled deliveries up to the end of 2009. The company's shares trade on the New York Stock Exchange under the symbol "DAC".


Danaos Corporation