Diana Containerships sells panamax contship “Angeles”

Company Profiles, Container shipping, Sales and Purchases, Stock Markets — By on November 3, 2016 at 1:27 PM

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

ATHENS, GREECE, November 3, 2016 – Diana Containerships Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of containerships, announced that it has signed today, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party the 2006-built vessel “Angeles” (formerly “YM Los Angeles”) for demolition, with delivery due to the buyer by mid-November 2016, for a sale price of approximately US$6.69 million before commissions.

Upon completion of the aforementioned sale, Diana Containerships Inc.’s fleet will consist of 12 container vessels (6 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 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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