"We enthusiastically welcome the latest delivery," said Dr. Coustas, ChiefExecutive Officer of Danaos. "We are pleased to have taken delivery, of ourlatest containership from Samsung Heavy Industries. The vessel has alreadycommenced its 12 year time charter with Zim Line, one of the largestcontainership liner companies in the world. The vessel is chartered at anaccretive fixed charter rate which provides Danaos with an effective hedgeagainst market charter rate fluctuations. We expect that this addition toour fleet, along with another 31 vessels currently on order will contributesubstantially to our distributable cash flow and net earnings and willcontinue to support a solid base for our dividend policy while boostingshareholder value."

About Danaos Corporation

Danaos Corporation is an international owner of containerships, charteringits vessels to many of the world's largest liner companies. Our currentfleet of 39 containerships aggregating 156,275 TEUs ranks Danaos among thelargest containership charter owners in the world based on total TEUcapacity. Danaos is the largest US listed containership company based onfleet size. Furthermore, the company has a contracted fleet of 31additional containerships aggregating 230,709 TEU with scheduled deliveriesup to 2011. The company's shares trade on the New York Stock Exchange underthe symbol "DAC."

Visit our website at www.danaos.com.

For further information please contact:Company Contact:Dimitri J. AndritsoyiannisChief Financial OfficerDanaos CorporationAthens, GreeceTel.: +30 210 419 6481E-Mail: cfo@danaos.comIraklis ProkopakisChief Operating OfficerDanaos CorporationAthens, GreeceTel.: +30 210 419 6400E-Mail: coo@danaos.comInvestor Relations and Financial MediaNicolas BornozisPresidentCapital Link, Inc.New YorkTel. 212-661-7566E-Mail: nbornozis@capitallink.com