Danaos Corporation Adds One More Newly Built Vessel to its Fleet

Athens, Greece, June 1, 2010 - Danaos Corporation (NYSE: DAC), a leading international owner of containerships, announced that on May 27, 2010, it took delivery of one more newly built containership, the Hanjin Buenos Aires, expanding its operational fleet to a total of 45 containerships aggregating 193,629 TEU.

The Hanjin Buenos Aires, built at Hanjin Heavy Industries & Construction Co. Ltd. has a carrying capacity of 3,400 TEU, is 222.5 meters long, 32.2 meters wide and has a speed of 23 knots. The Hanjin Buenos Aires has commenced its 10-year time charter at a fixed charter rate immediately upon delivery.

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 45 containerships aggregating 193,629 TEUs ranks Danaos among the largest containership charter owners in the world based on total TEU capacity. Danaos is one of the largest US listed containership companies based on fleet size. Furthermore, the company has a contracted fleet of 20 additional containerships aggregating 169,050 TEU with scheduled deliveries up to 2012. The company's shares trade on the New York Stock Exchange under the symbol "DAC".

Visit our website at www.danaos.com

Danaos Corporation