Danaos Corporation is an international owner of containerships, chartering its vessels to the global liner companies. As of March 31, 2008, the Company had a fleet of 38 containerships aggregating 149,718 twenty feet equivalent units (TEUs). As of March 31, 2008, the Company's customers include Maersk, CMA-CGM, Hyundai, Yang Ming, China Shipping, MSC, United Arab Shipping Corporation (UASC) and Senator Lines.