Diana Containerships sells panamax contship “Hanjin Malta”

Container shipping, Markets, Sales and Purchases, Ship Demolitions, Stock Markets — By on February 17, 2016 at 2:41 PM

WP_20150505_078DIANA CONTAINERSHIPS INC. ANNOUNCES THE SALE OF A PANAMAX CONTAINER VESSEL, THE M/V HANJIN MALTA 

ATHENS, GREECE, February 17, 2016 – Diana Containerships Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of containerships, today announced that yesterday it signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party the 1993-built vessel “Hanjin Malta” for demolition, with delivery due to the buyer by the end of March 2016, for a sale price of approximately US$5.04 million before commissions.

Upon completion of the aforementioned sale, Diana Containerships Inc.’s fleet will consist of 13 container vessels (6 Post-Panamax and 7 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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