Danaos takes delivery of container ship

Danaos Corporation today announced that it took delivery of the Norasia Integra (ex E.R. Auckland), a vessel it had already agreed to acquire. Norasia Integra is a 4,300 TEU containership and will commence its 12 year charter with the Yang Ming Group in May 2007, as it is currently under charter with Norasia. The 12 year charter will run at a daily rate of $27,800 for the first four years and at a daily rate of $26,300 for the remainder period.

Dr. Coustas, Chief Executive Officer of Danaos commented: "The delivery of the 2004 built Norasia Integra is an accretive addition to our fleet representing an investment of $61.75 million. After the delivery of the APL England to APL following the exercise of the call option APL had for this vessel, the addition of the Norasia Integra brings the number of our containerships to 31. With the delivery of two more bulk carriers to their new owners during the previous weeks, the Roberto C and the Maria C, Danaos is now essentially a pure play in the containership industry."

Danaos Corporation is an international owner of containerships, chartering its vessels to many of the world's largest liner companies. Its current fleet of 31 containerships aggregating 138,931 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 and market capitalization. Furthermore, the company has on order 18 additional containerships aggregating 98,024 TEU with scheduled deliveries up to 2010