Danaos Corporation yesterday 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.
Danaos Corporation is an international owner of containerships, chartering its vessels to many of the world's largest liner companies. Our current fleet of 62 containerships aggregating 336,849 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. Furthermore, the company has a contracted fleet of 2 additional containerships aggregating 26,200 TEU with scheduled deliveries up to June 2012. The company's shares trade on the New York Stock Exchange under the symbol "DAC.