DIANA CONTAINERSHIPS INC. ANNOUNCES DIRECT CONTINUATION OF TIME CHARTER AGREEMENT FOR M/V SAGITTA WITH A.P. MØLLER-MAERSK A/S
ATHENS, GREECE, October 24, 2014 – Diana Containerships Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of containerships, today announced that it has agreed to extend the present time charter contract with A.P. Møller-Maersk A/S, for its Panamax container vessel, the m/v Sagitta, for a period of minimum ten (10) months to maximum twelve (12) months. The gross charter rate is US$7, 825 per day, minus a 1.25% commission paid to third parties. The new charter period is expected to commence on November 14, 2014.
The “Sagitta” is a 3, 426 TEU container vessel built in 2010.
This employment is anticipated to generate approximately US$2.35 million of gross revenue for the minimum scheduled period of the charter.
Diana Containerships Inc.’s fleet currently consists of 10 container vessels (4 Post-Panamax and 6 Panamax). 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 leading global provider of shipping transportation services through its ownership of containerships. The Company’s vessels are employed primarily on time charters with leading liner companies carrying containerized cargo along worldwide shipping routes.