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Appendix
Fleet Utilization
Danaos had 593 unscheduled off-hire days in the three months ended March 31, 2013 (including 546 days related to the Marathonas, the Duka, the Messologi and the Honour, which have been off-charter and laid up, as well as the Independence, the Henry and the Pride (which have been off-charter and laid up until the date they were sold during the current quarter)). The following table summarizes vessel utilization and the impact of the off-hire days on the Company's revenue relating to the last four quarters.
First Second Third Fourth FirstVessel Utilization Quarter Quarter Quarter Quarter Quarter(No. of Days) 2012 2012 2012 2012 2013-------------------------- -------- -------- -------- -------- --------Ownership Days 5,471 5,663 5,888 5,888 5,677Less Off-hire Days: Scheduled Off-hire Days (49) (45) (58) (57) -- Other Off-hire Days (254) (266) (376) (508) (593) -------- -------- -------- -------- --------Operating Days 5,168 5,352 5,454 5,323 5,084 ======== ======== ======== ======== ========Vessel Utilization 94.5% 94.5% 92.6% 90.4% 89.6%Operating Revenues (in '000s of US Dollars) $134,237 $146,657 $156,289 $151,826 $146,088Average Gross Daily Charter Rate $ 25,975 $ 27,402 $ 28,656 $ 28,523 $ 28,735
Fleet List
The following table describes in detail our fleet deployment profile as of April 29, 2013.
Vessel SizeVessel Name (TEU) Year Built Expiration of Charter(1)------------------------- ------------ ------------ ------------------------Containerships-------------------------Hyundai Ambition 13,100 2012 June 2024Hyundai Speed 13,100 2012 June 2024Hyundai Smart 13,100 2012 May 2024Hyundai Tenacity 13,100 2012 March 2024Hyundai Together 13,100 2012 February 2024Hanjin Italy 10,100 2011 April 2023Hanjin Germany 10,100 2011 March 2023Hanjin Greece 10,100 2011 May 2023CSCL Le Havre 9,580 2006 September 2018CSCL Pusan 9,580 2006 July 2018CMA CGM Melisande 8,530 2012 November 2023CMA CGM Attila 8,530 2011 April 2023CMA CGM Tancredi 8,530 2011 May 2023CMA CGM Bianca 8,530 2011 July 2023CMA CGM Samson 8,530 2011 September 2023CSCL America 8,468 2004 September 2016CSCL Europe 8,468 2004 June 2016CMA CGM Moliere(2) 6,500 2009 August 2021CMA CGM Musset(2) 6,500 2010 February 2022CMA CGM Nerval(2) 6,500 2010 April 2022CMA CGM Rabelais(2) 6,500 2010 June 2022CMA CGM Racine(2) 6,500 2010 July 2022YM Mandate 6,500 2010 January 2028YM Maturity 6,500 2010 April 2028Marathonas 4,814 1991 Laid-upMessologi 4,814 1991 March 2014Mytilini 4,814 1991 February 2014Commodore(3) 4,651 1992 February 2014Duka(4) 4,651 1992 Laid-upFederal(5) 4,651 1994 March 2014SNL Colombo(6) 4,300 2004 March 2019YM Singapore 4,300 2004 October 2019YM Seattle(7) 4,253 2007 July 2019YM Vancouver 4,253 2007 September 2019Derby D 4,253 2004 February 2014Deva 4,253 2004 December 2013ZIM Rio Grande 4,253 2008 May 2020ZIM Sao Paolo 4,253 2008 August 2020ZIM Kingston 4,253 2008 September 2020ZIM Monaco 4,253 2009 November 2020ZIM Dalian 4,253 2009 February 2021ZIM Luanda 4,253 2009 May 2021Honour(8) 3,908 1989 --Hope 3,908 1989 July 2013Hanjin Constantza 3,400 2011 February 2021Hanjin Algeciras 3,400 2011 November 2020Hanjin Buenos Aires 3,400 2010 March 2020Hanjin Santos 3,400 2010 May 2020Hanjin Versailles 3,400 2010 August 2020Lotus 3,098 1988 July 2013Elbe 2,917 1991 May 2013Kalamata 2,917 1991 August 2013Komodo 2,917 1991 August 2013Hyundai Advance 2,200 1997 June 2017Hyundai Future 2,200 1997 August 2017Hyundai Sprinter 2,200 1997 August 2017Hyundai Stride 2,200 1997 July 2017Hyundai Progress 2,200 1998 December 2017Hyundai Bridge 2,200 1998 January 2018Hyundai Highway 2,200 1998 January 2018Hyundai Vladivostok 2,200 1997 May 2017
