Danaos Corporation Announces Agreement for the Acquisition of Six 5,466 TEU Eco-design Wide Beam Container Vessels

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Jul 14, 2021

Danaos Corporation (the "Company") (NYSE: DAC) today announced that it has entered into an agreement to acquire six 5,466 TEU container vessels built at Hanjin Subic Bay shipyard en bloc for $260 million (the “Acquisition”). The vessels, which have an average age of 6.8 years, are on time charter contracts to leading liner companies with a weighted average charter duration of approximately 2 years.