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Diana Containerships Inc., to sell its Maersk Malacca

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The Maersk Malacca

The Maersk Malacca

Diana Containerships Inc., announces the sale of a panamax container vessel, the M/v Maersk Malacca

ATHENS, GREECE, May 3, 2013 – Diana Containerships Inc. (NASDAQ: DCIX), a global shipping company specializing in owning and operating containerships, has announced that yesterday it signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party the 1990-built vessel Maersk Malacca (renamed “Malacca”) for demolition, with delivery due to the buyers by early June 2013, for a sale price of approximately US$10.3 million before commissions.

Upon completion of the sale of m/v Maersk Malacca and m/v Maersk Madrid as previously announced, Diana Containerships Inc.’s fleet will consist of 9 Panamax container vessels. A table describing the current Diana Containerships Inc. fleet can be found on the Company’s website, www.dcontainerships.com. Information included on the Company’s website does not constitute a part of this press release.

About the Company

Diana Containerships Inc. is a Marshall Islands corporation founded in 2010 to own and operate containerships and pursue containership acquisition opportunities. Diana Containerships Inc. intends to continue to capitalize on investment opportunities by purchasing additional containerships in the secondhand market, from other companies, shipyards and lending institutions, and may also enter into newbuilding contracts with shipyards for new containerships.

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