Danaos Corporation Orders Four 6,800 TEU Post Panamax Containerships

Danaos Corporation (NYSE: DAC) today announced that it has signed shipbuilding contracts for four 6,800 TEU vessels with China Shipbuilding Trading Company, Limited. The vessels will be built by the Shanghai Jiangnan Changxing Heavy Industry Company Limited and they are expected to be delivered to Danaos during the second and third quarter of 2010.