Diana Containerships fixes “Sagitta” on period to Hapag-Lloyd AG

Chartering, Company Profiles, Containers, Markets — By on April 28, 2017 at 4:17 PM

DIANA CONTAINERSHIPS INC. ANNOUNCES TIME CHARTER  CONTRACT FOR M/V SAGITTA WITH HAPAG-LLOYD        

ATHENS, GREECE, April 28, 2017 – 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 entered into a time charter contract with Hapag-Lloyd AG, Hamburg, for one of its Panamax container vessels, the m/v Sagitta. The gross charter rate is US$9,500 per day, minus a 1.25% commission paid to third parties, for a period of up to minimum July 7, 2017 to maximum August 15, 2017. The charter is expected to commence on May 12, 2017.

The “Sagitta” is a 3,426 TEU container vessel built in 2010.

This employment is anticipated to generate approximately US$0.5 million of gross revenue for the minimum scheduled period of the time charter.

Diana Containerships Inc.’s fleet currently consists 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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