Danaos Corporation Delivers Second Vessel to APL and Confirms Last Purchase Option

ATHENS, GREECE--(Marketwire - June 28, 2007) - Danaos Corporation (NYSE: DAC) today announced that during the course of the last week it delivered the vessel APL Scotland back to its charterer, APL, for a total price of $44.5 million.

Further, Danaos Corporation also announced that APL has declared their purchase option regarding the APL Belgium according to their existing agreement with Danaos. This represents the last out of the four purchase options APL had with Danaos. Danaos now expects to sell this vessel back to APL at the end of its charter on or about January 2, 2008 for a total of $44.5 million.

Dr. Coustas, Chief Executive Officer of Danaos commented: "The current delivery of one of our vessels to APL, as well as the expected delivery of APL Belgium back to APL, following the declaration of the purchase options attached to them, will bring to our company approximately another $89 million. The addition of one vessel earlier this year and the expected addition of three more new containerships scheduled for 2007, all of which are already chartered for 12 years each, will lower the average age and increase the average time charter duration profile of our fleet while at the same time increasing our revenues. The proceeds of these sales will be used to partly finance our extensive new building and delivery program we already have in place for the next three years. The company expects to continue enjoying a low leverage balance sheet throughout 2007 which provides us with effective ammunition for further accretive growth."

About Danaos Corporation

Danaos Corporation is an international owner of containerships, chartering its vessels to many of the world's largest liner companies. Its current fleet of 30 containerships aggregating 133,425 TEUs ranks Danaos among the largest containership charter owners in the world based on total TEU capacity. Danaos is the largest US listed containership company based on fleet size and market capitalization. Furthermore, the company has on order 28 additional containerships aggregating 147,524 TEU with scheduled deliveries up to 2010. The company's shares trade on the New York Stock Exchange under the symbol "DAC."

Visit our website at www.danaos.com

Contact Information: For further information please contact: Company Contact: Dimitri Andritsoyiannis Chief Financial Officer Danaos Corporation Athens, Greece Tel: +30 210 419 6481 E-Mail: cfo@danaos.com Iraklis Prokopakis Chief Operating Officer Danaos Corporation Athens, Greece Tel. +30 210 419 6400 E-Mail: coo@danaos.com Investor Relations and Financial Media: Nicolas Bornozis President Capital Link, Inc. New York Tel. 212-661-7566 E-Mail: nbornozis@capitallink.com