Danaos Corporation Recharters Three Containerships

Danaos Corporation Recharters Three Containerships Expanding Its Fleet Charter Coverage to 100% for 2007.

Danaos Corporation (NYSE: DAC) today announced that it has signed an agreement with CMA-CGM to time charter three containerships for a period of 36 months and at a net charter rate of $ 22,950 per day. The charters will commence as of the date when the current employment of these vessels ends in 2007.