m/v March. Image by Diana Containerships Inc.






Diana Containerships Inc. Announces Time Charter Contract for m/v March with Hapag-Lloyd

Athens, Greece - February 9, 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 Post-Panamax container vessels, the m/v March, for a period of minimum nine (9) months to maximum fourteen (14) months. The gross charter rate is US$1 per day for the first 15 days of the charter period and US$6,850 per day for the balance period of the time charter, in each case minus a 1.25% commission paid to third parties. The charter is expected to commence on February 23, 2017.

The “March” is a 5,576 TEU container vessel built in 2004.

This employment is anticipated to generate approximately US$1.75 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.

Diana Containerships Inc. press release