Diana Containerships new acquisition

Container shipping, Containers, Markets, News, Stock Markets — By on October 10, 2014 at 12:42 PM

Diana Shipping officesDIANA CONTAINERSHIPS INC. ANNOUNCES THE DELIVERY OF A POST-PANAMAX CONTAINER VESSEL, THE M/V YM GREAT        

ATHENS, GREECE, October 10, 2014 – Diana Containerships Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of containerships, today announced that, through a separate wholly-owned subsidiary, it has taken delivery of the m/v “YM Great”, a 2004-built Post-Panamax container vessel of 5, 576 TEU capacity that the Company entered into an agreement to purchase on August 7, 2014.

As previously announced, the “YM Great” is chartered to Yang Ming (UK) Ltd., at a net charter rate of US$12, 000 per day. Based on the existing time charterparty and its addendum, the charterer has the option to redeliver the vessel at any time before, but not later than March 7, 2015.

Including the newly delivered “YM Great”, 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.

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