Danaos Corporation Adds One More Newly Built Vessel to its Fleet
Athens, Greece, July 6, 2010 - Danaos Corporation (NYSE: DAC), a leading international owner of containerships, announced that on July 2, 2010, it took delivery of one newly built containership, the CMA CGM RABELAIS, expanding its operational fleet to a total of 46 containerships aggregating 200,129 TEU.
The CMA CGM RABELAIS, built at Sungdong Shipbuilding & Marine Engineering has a carrying capacity of 6,500 TEU, is 300 meters long, 40 meters wide and has a speed of 25.60 knots. The CMA CGM RABELAIS has commenced its 12-year time charter at a fixed charter rate immediately upon delivery.
Danaos Corporation is an international owner of containerships, chartering its vessels to many of the world's largest liner companies. Our current fleet of 46 containerships aggregating 200,129 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 19 additional containerships aggregating 162,550 TEU with scheduled deliveries up to 2012. The company's shares trade on the New York Stock Exchange under the symbol "DAC".
Danaos Corporation