Greece: Danaos Takes Delivery of Its New Containership

Greece - Danaos Takes Delivery of Its New Containership

Danaos Corporation announced that on May 3, 2012 it took delivery of one more newly built containership, the HYUNDAI SMART, expanding its operational fleet to a total of 62 containerships aggregating 336,849 TEU.

The HYUNDAI SMART, 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 HYUNDAI SMART has commenced its 12-year time charter at a fixed charter rate immediately upon delivery. The annualized EBITDA run-rate contribution of the vessel is expected to be approximately $18.8 mil.

Further, the Company announced that on April 27, 2012, it sold the 28 year old 2,130 TEU containership “Montreal” to an unrelated third party for a net price of $6.6 million.

Source: Danaos Corporation, May 8, 2012

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