Danaos Corporation Receives "Ship of the Year" Award at the Lloyd's List Greek Shipping Awards 2012

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.

The vessel is fitted with an electronically controlled main engine in compliance with Tier II IMO Nox emissions standards and the phase II IMO EEDI INDEX, equipped with turbocharger cut-out measures, and is capable to super slow steam down to 10% of maximum engine load. It is equipped with an advanced performance monitoring system with on line analysis for power measurement and multi-stations alarm monitoring controls. The vessel has undergone extensive trim optimization tests to enhance its performance and is coated with the latest silyl SPC coatings.

Hyundai Ambition also has state of the art IT, Communication and Entertainment Systems on board, wired and wireless network offering Internet and Entertainment Systems to all Crew Cabins and messrooms, centralized video and music centre offering private selection of movies and music onboard, as well as satellite TV at crew public spaces.

Iraklis Prokopakis, Senior Vice President and COO of Danaos Corporation upon receiving the award commented:

"We are very proud to receive this recognition. This vessel is a typical example of the Danaos Corporate Mentality. She reflects the very early views of John Coustas that the future of the Container Industry will be in the ultra large container vessels.

"Additionally, the Hyundai Ambition and her sister vessels are the result of the joint effort of all of us at Danaos but primarily of an excellent team of young people, who participated in the design of the ship, supervised her construction and now look after her operational and technical management.

"The Hyundai Ambition and her sister vessels are manned with highly trained and qualified crews, specially selected from our long term pools on whom we have relied upon for the growth of our company."

About Danaos Corporation
Danaos Corporation is an international owner of containerships, chartering its vessels to many of the world's largest liner companies. Our current fleet of 64 containerships aggregating 363,049 TEUs ranks Danaos among the largest containership charter owners in the world based on total TEU capacity. Danaos is one of the largest US listed containership companies based on fleet size. The Company's shares trade on the New York Stock Exchange under the symbol "DAC".