AMBITION

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Latest news

Danaos Corporation receives Greeks Lloyds List "Ship of the Year" Award

Danaos Corporation ("Danaos") (NYSE: DAC), a leading international owner of containerships, was presented the prize for the "Ship of the Year" at the annually held Lloyd's List Greek Shipping Awards that took place in Athens on December 7, 2012. The prize was awarded for vessel "Hyundai Ambition", a 13,100 TEU containership built at Hyundai Heavy Industries and delivered to the Company on June 29, 2012. Hyundai Ambition is the last of a series of five 13,100 container vessels delivered to Danaos Corporation this year and chartered to Hyundai Merchant Marine for 12 years and are the largest cellular containerships ever built and controlled by Greek interests.

Danaos takes delivery of Fifth and Final 13,100 TEU Vessel to Its Fleet

Danaos Corporation announced that on June 29, 2012, it took delivery of its fifth and final 13,100 containership, the HYUNDAI AMBITION, expanding its operational fleet to a total of 64 containerships aggregating 363,049 TEU. The HYUNDAI AMBITION, 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 24.7 knots. The vessel has already commenced its 12-year time charter with an expected annualized EBITDA run-rate contribution of approximately $18.8 mil.