Danaos Corporation is a leading international owner of containerships, chartering vessels to many of the world's largest liner companies. We currently have a fleet of 65 containerships aggregating 345,179 TEU, making us among the largest containership charter owners in the world. We charter our containerships to a geographically diverse group of liner companies, including most of the largest ones globally. Such customers include Maersk, CMA-CGM, Yang Ming, China Shipping, Senator Lines, MSC, ZIM, Hyundai Merchant Marine Co. and United Arab Shipping Co.
Our containerships are deployed under multi-year, fixed-rate time charters that range from one to 12 years for vessels in our current fleet and up to 18 years for our contracted vessels, which provides us with stable cash flows and high utilization rates. A substantial part of our chartering operations is carried out through our Hamburg offices, while our two offices based in Ukraine and one office in Russia assist our Crewing department with the task of globally coordinating manning of our vessels.
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