Diana announces direct continuation of Time Charter Agreement for m/v Pucon

Dry Bulkcarriers, Fixtures, Markets — By on July 8, 2015 at 3:25 PM
sideris GS FUNNELATHENS, GREECE, July 8, 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 agreed to extend the present time charter contract for one of its Post-Panamax container vessels, the m/v Pucon, for a period of up to minimum May 10, 2016 to maximum July 20, 2016. The new gross charter rate will be US$17, 000 per day, minus a 3.75% commission paid to third parties. The new charter period will commence on August 20, 2015.

As previously announced on August 13, 2013, based on the present time charter contract, the charterers will pay the owners a compensation for the early redelivery of the vessel equal to the amount of US$6, 000 per day for the outstanding period between August 20, 2015 and up to March 20, 2016.

The “Pucon” is a 6, 541 TEU container vessel built in 2006.

This employment is anticipated to generate approximately US$4.42 million of gross revenue for the minimum scheduled period of the charter extension. The owners are also expected to receive US$1.278 million as a compensation for the early redelivery of the vessel.

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 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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