Danaos Corporation (Danaos) provides international seaborne transportation services by operating vessels in the containership sector of the shipping industry. The Company is principally engaged in the acquisition and operation of vessels. Danaos conducts its operations through the vessel owning companies whose principal activity is the ownership and operation of containerships. Danaos has a fleet of 54 containerships aggregating 321,435 twenty foot equivalent unit (TEU). Danaos charters its containerships to a geographically diverse group of liner companies, including most of the largest ones globally. Such customers include Maersk, CMA-CGM, Yang Ming, Hapag Lloyd, China Shipping, Hanjin, ZIM, MSC, Niledutch and Hyundai Merchant Marine Co.