Our Technical Department

Code and Policies

Danaos Shipping is committed to ethical behavior and values. Amongst its first priorities is to establish a corporate and working culture that enhances the value of ethics and promotes individual responsibility. To this effect, the Company follows and abides with the Code of Business Conduct and Ethics, the Code of Conduct & Ethics for Corporate Officers & Directors, the Ethics and Compliance Policy, and the Anti-Fraud Policy (collectively the “Code”), which set the highest standards for personnel conduct related to ethical behavior and alertness. The cornerstone in preventing fraud and anticorruption is the creation of an environment that fosters morality, integrity and business conduct. In developing the Code, we have taken into account the ten principles of the United Nations Global Compact about labor, environment, anti-corruption and human rights.

Employees receive periodic training on the contents and importance of the Code, related policies, and the manner in which violations must be reported and waivers must be requested. Each employee of the Company certifies on an annual basis that they are in full compliance with the Code and related policy statements.

Specifically, the Corporate Governance Guidelines include the following: • Danaos Corporation Anti-fraud Policy • Code of Business Conduct & Ethics • Code of Conduct & Ethics for Corporate Officers & Directors • Ethics & Compliance Policy In 2019 there were no fines for noncompliance with social and economic laws and regulations concerning provision and use of products and services.

Our Technical Department is responsible for the technical management of our fleet, providing advanced monitoring and knowledge on all relevant aspects. The ultimate goals of our Technical Department are the high vessel utilization, costeffective efficiency and the promotion of environmental awareness.

We employ one of the largest technical departments worldwide and we are among the highest ranked companies in top university graduates’ employment with regard to superintendent/ vessel ratio (3 employees per fleet, for six vessels on average). Our teams are subdivided into smaller groups assigned to particular vessels. This structure, which has been tested over a long period of time, has delivered the highest KPIs and uptime in a demanding shipping industry.

Our supervisory system is enhanced by monitoring, organizational and analysis software and hardware. The core of our fleet monitoring system, Enterprise, is an integrated software system developed in-house which includes a variety of modules, such as the email exchange center, the planned maintenance system, the spares and supplies, the crewing, the operations and the ISM administrator. Collecting data from an online data acquisition and process system, called the WAVES Business Intelligence and Analysis Platform, supports the online monitoring system and the big data analysis.

All the hardware and software facilities mentioned above are constantly updated and built on state-of-the-art technologies, helping to foster the Danaos Shipping leading position of technical and operational expertise. Through technology, superintendence is applied to the highest level via enhanced analysis, effective troubleshooting, problems’ prediction or detection and reaction which contributes to minimum downtime and operating expenses.