Danaos Corporation is an owner of containerships. The Company charters containerships on a fixed rate time-charter basis to liner companies. The Company has a fleet of 56 containerships aggregating 345,179 twenty-foot equivalent unit (TEU). The Company’s containerships are deployed under multi-year, fixed-rate time charters that range from less than one to 18 years. The Company deploys containership fleet principally liner companies that operate regularly scheduled routes between large commercial ports.