EX-25.1 11 a2180604zex-25_1.htm EXHIBIT 25.1

Exhibit 25.1

 

 

FORM T-1

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE

CHECK IF AN APPLICATION TO DETERMINE
ELIGIBILITY OF A TRUSTEE PURSUANT TO
SECTION 305(b)(2)      
o

 


 

THE BANK OF NEW YORK

(Exact name of trustee as specified in its charter)

 

New York
(State of incorporation
if not a U.S. national bank)

 

13-5160382
(I.R.S. employer
identification no.)

 

 

 

One Wall Street, New York, N.Y.
(Address of principal executive offices)

 

10286
(Zip code)

 


 

DANAOS CORPORATION

(Exact name of obligor as specified in its charter)

 

Republic of the Marshall Islands
(State or other jurisdiction of
incorporation or organization)

 

Not Applicable
(I.R.S. employer
identification no.)

 



 

Appleton Navigation S.A.

(Exact name of obligor as specified in its charter)

 

Liberia
(State or other jurisdiction of
incorporation or organization)

 

Not Applicable
(I.R.S. employer
identification no.)

 

Auckland Marine Inc.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Baker International S.A.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Balticsea Marine Inc.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Bayard Maritime Limited

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Bayview Shipping Inc.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Blacksea Marine Inc.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

2



 

Bounty Investment Inc.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Boxcarrier (No. 1) Corp.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Boxcarrier (No. 2) Corp.

 (Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Boxcarrier (No. 3) Corp.

 (Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Boxcarrier (No. 4) Corp.

 (Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Boxcarrier (No. 5) Corp.

 (Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Boxcarrier (No. 6) Corp.

 (Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

3



 

Boxcarrier (No. 7) Corp.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Boxcarrier (No. 8) Corp.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Cellcontainer (No. 1) Corp.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Cellcontainer (No. 2) Corp.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Cellcontainer (No. 3) Corp.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Cellcontainer (No. 4) Corp.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Cellcontainer (No. 5) Corp.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

4



 

Channelview Marine Inc.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Commodore Marine Inc.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Constantia Maritime Inc.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Container Lines Inc.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Containers Services Inc.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Continent Marine Inc.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Deleas Shipping Limited

(Exact name of obligor as specified in its charter)

 

Cyprus

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Duke Marine Inc.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

5



 

Erato Navigation Inc.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Expresscarrier (No. 1) Corp.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Expresscarrier (No. 2) Corp.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Expresscarrier (No. 3) Corp.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Expresscarrier (No. 4) Corp.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Expresscarrier (No. 5) Corp.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Federal Marine Inc.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

6



 

Geoffrey Shipholding Limited

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Helderberg Maritime Inc.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Independence Navigation Inc.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Karlita Shipping Company Limited

(Exact name of obligor as specified in its charter)

 

Cyprus

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Lacey Navigation Inc.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Lato Shipping (Private) Ltd.

(Exact name of obligor as specified in its charter)

 

Singapore

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Lito Navigation Inc.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

7



 

Lydia Inc.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Medsea Marine Inc.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Megacarrier (No. 1) Corp.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Megacarrier (No. 2) Corp.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Megacarrier (No. 3) Corp.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Megacarrier (No. 4) Corp.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Megacarrier (No. 5) Corp.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

8



 

Oceanew Shipping Limited

(Exact name of obligor as specified in its charter)

 

Cyprus

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer identification no.)

 

Oceanprize Navigation Limited

(Exact name of obligor as specified in its charter)

 

Cyprus

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer identification no.)

 

Peninsula Maritime Inc.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Ramona Marine Company Limited

(Exact name of obligor as specified in its charter)

 

Cyprus

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Sapfo Navigation Inc.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Saratoga Trading S.A.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Seacaravel Shipping Limited

(Exact name of obligor as specified in its charter)

 

Cyprus

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

9



 

Seacarriers Lines Inc.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Seacarriers Services Inc.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Seasenator Shipping Limited

(Exact name of obligor as specified in its charter)

 

Cyprus

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Sederberg Maritime Inc.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Speedcarrier (No. 1) Corp.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Speedcarrier (No. 2) Corp.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Speedcarrier (No. 3) Corp.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

10



 

Speedcarrier (No. 4) Corp.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Speedcarrier (No. 5) Corp.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Teucarrier (No. 1) Corp.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Teucarrier (No. 2) Corp.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Teucarrier (No. 3) Corp.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Teucarrier (No. 4) Corp.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Teucarrier (No. 5) Corp.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

11



 

Titanium Holdings Inc.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Tully Enterprises S.A.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Tyron Enterprises S.A.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Victory Shipholding Inc.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Wellington Marine Inc.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Westwood Marine S.A.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

Winterberg Maritime Inc.

(Exact name of obligor as specified in its charter)

 

Liberia

 

Not Applicable

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. employer
identification no.)

 

12



 

14 Akti Kondyli
185 45 Piraeus
Greece

 

 

(Address of principal executive offices)

 

(Zip code)

 


Senior Debt Securities

(Title of the indenture securities)

 

 

13



 

1.                                      General information. Furnish the following information as to the Trustee:

 

(a)                                  Name and address of each examining or supervising authority to which it is subject.

 

Name

 

Address

 

 

 

Superintendent of Banks of the State of
New York

 

One State Street, New York, N.Y. 10004-1417, and Albany,
N.Y. 12223

Federal Reserve Bank of New York

 

33 Liberty Street, New York, N.Y. 10045

Federal Deposit Insurance Corporation

 

Washington, D.C. 20429

New York Clearing House Association

 

New York, New York 10005

 

(b)                                  Whether it is authorized to exercise corporate trust powers.

 

Yes.

 

2.                                      Affiliations with Obligor.

 

If the obligor is an affiliate of the trustee, describe each such affiliation.

 

None.

 

16.                               List of Exhibits.

 

Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as an exhibit hereto, pursuant to Rule 7a-29 under the Trust Indenture Act of 1939 (the “Act”) and 17 C.F.R. 229.10(d).

 

1.                                       A copy of the Organization Certificate of The Bank of New York (formerly Irving Trust Company) as now in effect, which contains the authority to commence business and a grant of powers to exercise corporate trust powers. (Exhibit 1 to Amendment No. 1 to Form T-1 filed with Registration Statement No. 33-6215, Exhibits 1a and 1b to Form T-1 filed with Registration Statement No. 33-21672, Exhibit 1 to Form T-1 filed with Registration Statement No. 33-29637 and Exhibit 1 to Form
T-1 filed with Registration Statement No. 333-121195.)

 

4.                                       A copy of the existing By-laws of the Trustee. (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-121195.)

 

6.                                       The consent of the Trustee required by Section 321(b) of the Act. (Exhibit 6 to Form T-1 filed with Registration Statement No. 333-106702.)

 

7.                                       A copy of the latest report of condition of the Trustee published pursuant to law or to the requirements of its supervising or examining authority.

 

14



 

SIGNATURE

 

Pursuant to the requirements of the Act, the Trustee, The Bank of New York, a corporation organized and existing under the laws of the State of New York, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in The City of New York, and State of New York, on the 31st day of October, 2007.

 

 

THE BANK OF NEW YORK

 

 

By:

/S/   ROBERT A. MASSIMILLO

 

Name:

ROBERT A. MASSIMILLO

Title:

VICE PRESIDENT

 

15


Exhibit 7

 

Consolidated Report of Condition of

THE BANK OF NEW YORK

of One Wall Street, New York, N.Y. 10286
And Foreign and Domestic Subsidiaries,

 

a member of the Federal Reserve System, at the close of business June 30, 2007, published in accordance with a call made by the Federal Reserve Bank of this District pursuant to the provisions of the Federal Reserve Act.

 

 

 

Dollar Amounts
In Thousands

 

ASSETS

 

 

 

Cash and balances due from depository institutions:

 

 

 

Noninterest-bearing balances and currency and coin

 

2,729,000

 

Interest-bearing balances

 

20,956,000

 

Securities:

 

 

 

Held-to-maturity securities

 

1,416,000

 

Available-for-sale securities

 

24,732,000

 

Federal funds sold and securities purchased under agreements to resell:

 

 

 

Federal funds sold in domestic offices

 

10,454,000

 

Securities purchased under agreements to resell

 

157,000

 

Loans and lease financing receivables:

 

 

 

Loans and leases held for sale

 

0

 

Loans and leases, net of unearned income

 

31,260,000

 

LESS: Allowance for loan and lease losses

 

281,000

 

Loans and leases, net of unearned income and allowance

 

30,979,000

 

Trading assets

 

2,764,000

 

Premises and fixed assets (including capitalized leases)

 

884,000

 

Other real estate owned

 

2,000

 

Investments in unconsolidated subsidiaries and associated companies

 

284,000

 

Not applicable

 

 

 

Intangible assets:

 

 

 

Goodwill

 

2,713,000

 

Other intangible assets

 

950,000

 

Other assets

 

9,137,000

 

Total assets

 

108,157,000

 

LIABILITIES

 

 

 

Deposits:

 

 

 

In domestic offices

 

29,601,000

 

Noninterest-bearing

 

18,755,000

 

Interest-bearing

 

10,846,000

 

In foreign offices, Edge and Agreement subsidiaries, and IBFs

 

53,217,000

 

Noninterest-bearing

 

1,965,000

 

Interest-bearing

 

51,252,000

 

Federal funds purchased and securities sold under agreements to repurchase:

 

 

 

Federal funds purchased in domestic offices

 

1,454,000

 

Securities sold under agreements to repurchase

 

101,000

 

Trading liabilities

 

2,565,000

 

Other borrowed money: (includes mortgage indebtedness and obligations under capitalized leases)

 

3,890,000

 

Not applicable

 

 

 

Not applicable

 

 

 

Subordinated notes and debentures

 

2,261,000

 

Other liabilities

 

6,362,000

 

Total liabilities

 

99,451,000

 

Minority interest in consolidated subsidiaries

 

155,000

 

 

 

 

 

EQUITY CAPITAL

 

 

 

Perpetual preferred stock and related surplus

 

0

 

Common stock

 

1,135,000

 

Surplus (exclude all surplus related to preferred stock)

 

2,148,000

 

Retained earnings

 

5,676,000

 

Accumulated other comprehensive income

 

-408,000

 

Other equity capital components

 

0

 

Total equity capital

 

8,551,000

 

Total liabilities, minority interest, and equity capital

 

108,157,000

 

 

16



 

I, Thomas P. Gibbons, Chief Financial Officer of the above-named bank do hereby declare that this Report of Condition is true and correct to the best of my knowledge and belief.

 

Thomas P. Gibbons,
Chief Financial Officer

 

We, the undersigned directors, attest to the correctness of this statement of resources and liabilities. We declare that it has been examined by us, and to the best of our knowledge and belief has been prepared in conformance with the instructions and is true and correct.

 

 

 

Thomas A. Renyi

 

 

 

Gerald L. Hassell

 

 

Directors

Catherine A. Rein

 

 

 

 

 

 

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