Home News Diana Containerships Inc., acquires two APL sister containerships

Diana Containerships Inc., acquires two APL sister containerships

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Diana Containerships Inc., a NASDAQ Company (DCIX) announced yesterday the signing of  two MOA’s with APL (Bermuda) Ltd., for the acquisition of APL’s container-sisterships the APL Sardonyx and the APL Spinel built 1995 and 1996 respectively. The vessels are able to carry 4, 750 TEU’s each and have been agreed to be purchased for US$ 30 mio each.

Expected delivery from their previous owners will be within the first quarter of this year.

The employment of both ships to APL (Bermuda) Ltd., or to a guaranteed nominee or to another entity of the NOL Group with similar or better net worth that APL (Bermuda) Ltd., is anticipated to generate approximately US$ 33.5 mio of gross revenue for the minimum agreed period of the charters for the 24 months period; the first vessel having a rate of US$ 24, 750 per day and the second for US$ 28, 000 per day.

Diana Containerships Chairman and CEO Simon Palios stressed the fact that the company succeeded in putting the money of June’s 2011 public offering to work with the acquisition of sound second hand ships from reputable liner operators feeling confident for rewarding its shareholders with robust dividend distributions. Today, the company has nine containerships and intends to proceed with the purchase of second hand ones or even newbuilding resales or enter into newbuilding contracts. Watch this space!

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