Danaos Corporation Announces New Charters for 10 Vessels; Increases Contracted Backlog by 21.5% to Over $2 Billion

Aug 16, 2021

Danaos Corporation (the "Company") (NYSE: DAC) today announced that it has entered into new charter agreements for 10 of its vessels, including one 8,500 TEU vessel, three 3,400 TEU vessels and six 2,200 vessels, for charter periods ranging from 3 to 4 years. The charters will commence as existing charters expire between January and August of 2022. The new charters increase the Company’s contracted revenue backlog by approximately $378 million, or 21.5% compared to the Company’s $1.75 billion backlog as of June 30, 2021 and increase contracted EBITDA by approximately $280 million.

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