Diana Containerships sells post panamax contship “Puelo”

Company Profiles, Container shipping, Containers, Markets, Sales and Purchases — By on June 29, 2018 at 2:25 PM

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Diana Containeships Inc., announces completion of sale of a post-panamax container vessel and delivery to her new owners

ATHENS, GREECE, June 29, 2018 – Diana Containerships Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of containerships, announced that today it has completed the previously announced sale of one of its Post-Panamax container vessels, the m/v Puelo, with the delivery of the vessel to her new owners.

After the delivery of the vessel the Company will prepay approximately US$19.4 million of its existing indebtedness, after which the outstanding indebtedness will be approximately US$19.5 million. That amount is expected to be fully and finally settled upon completion of the previously announced sale of a Post-Panamax container vessel, the m/v Hamburg, latest by July 31, 2018.

Upon completion of the sale of m/v Hamburg, Diana Containerships Inc.’s fleet will consist of 4 container vessels (2 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.

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