Danaos Corp Adds Another Newbuild to its Fleet

Danaos Corporation (NYSE: DAC) announced that on May 27, 2010 it took delivery of one more newly built containership, the Hanjin Buenos Aires, expanding its operational fleet to a total of 45 containerships aggregating 193,629 TEU.

The Hanjin Buenos Aires, built at Hanjin Heavy Industries & Construction Co. Ltd. has a carrying capacity of 3,400 TEU, is 222.5 meters long, 32.2 meters wide and has a speed of 23 knots. The Hanjin Buenos Aires has commenced its 10-year time charter at a fixed charter rate immediately upon delivery.