Danaos Corporation Orders Post Panamax Containerships

Danaos Corporation Orders with Hyundai Three 10,100 TEU Post Panamax Containerships and Agrees to 12 Year Charters for All. Also Takes Delivery of One 4,253TEU New Building Expanding Current Fleet to 37 Containerships

Danaos Corporation announced yesterday that it has ordered three 10,100 TEU containerships. All three Post Panamax containerships will be built by Hyundai Samho Heavy Industries and are expected to be delivered to Danaos in January, February and March of 2011.