Diana Containerships Inc. Announces Development Related to the Sale of the Panamax Container Vessel, m/v Cap Domingo

Chartering, Container shipping, Containers, Markets, Sales and Purchases — By on September 8, 2015 at 2:25 PM

WP_20150505_078ATHENS, GREECE, September 8, 2015 – Diana Containerships Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of containerships, today reported that the previously announced sale of the 2001-built Panamax container vessel “Cap Domingo” will not proceed. As announced on July 28, 2015, the closing of the sale of the vessel was subject to approval by the buyer’s Board of Directors, not later than September 4, 2015. The Company was officially informed on September 4, 2015 that the buyer was not able to obtain its Board of Directors’ approval.

The “Cap Domingo” is currently chartered at a gross charter rate of US$9, 900 per day, minus a 3.75% commission paid to third parties, to Rudolf A. Oetker KG for a period of up to minimum December 24, 2015 to maximum March 8, 2016.

Diana Containerships Inc.’s fleet currently consists of 13 container vessels (4 Post-Panamax and 9 Panamax). The Company also expects to take delivery of two Post-Panamax container vessels, the first by mid-September 2015 and the other by the end of November 2015. 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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