Danaos Corporation Takes Delivery of its 41st Containership Vessel

Athens, Greece, June 29, 2009 - Danaos Corporation (NYSE: DAC) announced today that on June 26, 2009, it took delivery of one more containership, the Zim Luanda, expanding its operational fleet to a total of 41 containerships aggregating 165,933 TEU.

The Zim Luanda has a carrying capacity of 4,253 TEU, built at Samsung Heavy Industries and was delivered on schedule. It is 260 meters long, 32 meters wide and has a speed of 24.5 knots (about 45 Km/h). The Zim Luanda has already commenced its 12-year time charter at fixed rates immediately upon delivery.

"We are pleased to have taken delivery of our latest containership from Samsung Heavy Industries", said Dr. Coustas, Chief Executive Officer of Danaos. "The vessel has already commenced its 12 year time charter with Zim Line, one of the largest containership liner companies in the world. The vessel is chartered at an accretive fixed charter rate which provides Danaos with an effective hedge against market charter rate volatility. We now own and operate a fleet of 41 containerships which provides Danaos with strong cash flows to further support our growth."

About Danaos Corporation
Danaos Corporation is an international owner of containerships, chartering its vessels to many of the world's largest liner companies. Our current fleet of 41 containerships aggregating 165,933 TEUs ranks Danaos among the largest containership charter owners in the world based on total TEU capacity. Danaos is the largest US listed containership company based on fleet size. Furthermore, the company has a contracted fleet of 28 additional containerships aggregating 217,950 TEU with scheduled deliveries up to 2012. The company's shares trade on the New York Stock Exchange under the symbol "DAC".

Danaos Corporation