We currently have a fleet of 58 containerships aggregating 282,619 TEU, making us among the largest containership charter owners in the world. We charter our containerships to a geographically diverse group of liner companies, including most of the largest ones globally. Such customers include Maersk, CMA-CGM, Yang Ming, China Shipping, Hanjin, ZIM, MSC, TS Lines, SCI and Hyundai Merchant Marine Co.

Our containerships are deployed under multi-year, fixed-rate time charters that range from one to 18 years for vessels in our current fleet and up to 12 years for our contracted vessels, which provides us with stable cash flows and high utilization rates.

A substantial part of our chartering operations is carried out through our Hamburg offices, while our two offices based in Ukraine assist our Crewing department with the task of globally coordinating manning of our vessels.

INDUSTRY

Shipping is a global industry. Because it is the only cost-effective way to carry large volumes of essential commodities and finished goods, shipping is fundamental to international trade and its prospects are closely linked to economic activity around the world.

The shipping industry features 4 main sectors: containerships, tankers, drybulk vessels and gas carriers.

Container trade plays a critical role in the global seaborne movement of goods. Volume has grown rapidly over the last twenty years, as a result of globalization which has boosted international trade in finished and semi-finished goods, as well as just-in-time delivery practices implemented by manufacturing.

With a large containership fleet, Danaos Corporation is well established in the shipping industry. Indeed, since the 1980s, strategy has consistently focused on this sector where the company enjoys a significant competitive advantage.

QUALITY, SAFETY, ENVIRONMENT

In the shipping business, just like in a number of other safety-critical industries, safety is not an empirical issue, nor can it be effectively addressed without full, simultaneous consideration of quality and ethics.

Danaos Corporation is consistently honing an informed, rigorous and objective approach to the combined QSE issue. Salient aspects of this important feature of our operations are reviewed, alongside our corporate values, in the various areas of this section of our website.

FLEET

An international provider of seaborne transportation services, Danaos Corporation is one of the world's largest containership charter owners.

The Danaos fleet boasts modern, high-quality vessels. Many of our containerships were built in the last five years, using the latest in design innovations, and all enjoy a reputation for safety and reliability in the industry.

Danaos is set to capitalize on growth opportunities in the container shipping industry, with a number of competitive strengths:

   •  Long-standing relationships with leading liner companies.

   •  Cash flow stability through multi-year charters.

   •  Reputation for operational excellence and technological leadership.

   •  Strong financial results and flexibility.