DANAOS
Repurchase program for up to 1m common shares

NOV, 25.2008
 

Danaos Corporation, listed on NYSE, (John Coustas President & CEO), announced that the Board of Directors has approved a share repurchase program and authorized the officers of the company to repurchase, from time to time, up to 1,000,000 shares of the company's common stock (par value USD 0.01).

Danaos Corporation is an international owner of containerships, chartering its vessels to many of the world's largest liner companies, with a current fleet of 39 containerships aggregating 156,275 TEUs and ranks among the largest containership charter owners in the world based on total TEU capacity. Danaos Corporation is the largest US listed containership company based on fleet size. Furthermore, the company has a contracted fleet of 31 additional containerships aggregating 230,709 TEUs with scheduled deliveries up to 2011.