Diana Containerships takes dely of panamax contship “YM NEW JERSEY”

Company Profiles, Markets, Sales and Purchases — By on April 22, 2015 at 8:20 PM

Diana Shipping officesDIANA CONTAINERSHIPS INC. ANNOUNCES THE DELIVERY OF A PANAMAX CONTAINER VESSEL, THE M/V YM NEW JERSEY        

ATHENS, GREECE, April 22, 2015 – 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 New Jersey, a 2006-built Panamax container vessel of approximately 5, 000 TEU capacity that the Company entered into an agreement to purchase on March 19, 2015.

As previously announced, the “YM New Jersey” is chartered to Yang Ming (UK) Ltd., at a gross charter rate of US$21, 000 per day less US$350 per day commission paid to third parties. The charterer has the option to redeliver the vessel at any time between September 24, 2016 and January 24, 2017. The charterer has the option to employ the vessel for a further twenty-two (22) to twenty-six (26) month period at the same daily gross charter rate less US$350 per day commission paid to third parties. The optional period if exercised will start on November 24, 2016 and must be declared six (6) months prior to this date.

Including the newly delivered “YM New Jersey”, Diana Containerships Inc.’s fleet currently consists of 13 container vessels (4 Post-Panamax and 9 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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