Diana Containerships sells the “APL Sardonyx”

Container shipping, Markets, Sales and Purchases, Ship Demolitions — By on February 7, 2014 at 2:55 PM

apl sardonyx - sdDIANA CONTAINERSHIPS INC. ANNOUNCES THE SALE OF A PANAMAX CONTAINER VESSEL, THE M/V APL SARDONYX 

ATHENS, GREECE, February 7, 2014 – Diana Containerships Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of containerships, today announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party the 1995-built vessel “APL Sardonyx” (to be renamed “Sardonyx”) for demolition, with delivery due to the buyers by the end of February, 2014, for a sale price of approximately US$10.0 million before commissions.

Upon completion of the aforementioned sale, Diana Containerships Inc.’s fleet will consist of 8 container vessels (2 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 Marshall Islands corporation founded in 2010 to own 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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