Danaos Corporation Adds a Further 13,100 TEU Containership to Its Fleet, While It Expects Delivery of One More 13,100 TEU Vessel Within June to Complete Its New Building Program

Danaos Corporation

announced that on June 7, 2012, it took delivery of one more 13,100 containership, the HYUNDAI SPEED, expanding its operational fleet to a total of 63 containerships aggregating 349,949 TEU. The Company expects delivery of its last 13,100 TEU vessel by the end of June, at which point its current new building program will be completed. The HYUNDAI SPEED, built at Hyundai Samho Heavy Industries Co. Ltd, has a carrying capacity of 13,100 TEU, is 366 meters long, 48.2 meters wide and has a speed of 24.70 knots. The vessel has already commenced its 12-year time charter with an expected annualized EBITDA run-rate contribution of approximately $18.8 mil.