Danaos Corporation Takes Delivery of Containership Expanding its Fleet to 31 Vessels

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.