Diana Containerships sells two Panamax Container Vessels

Containers, Markets, Sales and Purchases — By on March 1, 2018 at 2:40 PM

Diana Containerships Inc. Announces the Sale of Two Panamax Container Vessels

ATHENS, GREECE, March 1, 2018Diana Containerships Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of containerships, today announced that it has signed, through two separate wholly-owned subsidiaries, two Memoranda of Agreement to sell to an unaffiliated third party the m/v Sagitta and the m/v Centaurus, each a 2010 built containership (the “Vessels”), for US$12.3 million each. The Company expects the Vessels to be delivered to the buyer at the latest by April 27, 2018.

Upon completion of the aforementioned sale and the previously announced sales of two Post-Panamax container vessels and one Panamax container vessel, Diana Containerships Inc.’s fleet will consist of 6 container vessels (4 Post-Panamax and 2 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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