Diana Containerships Inc. Announces the Reactivation and the Time Charter Contract for m/v Pucon with OOCL

Athens, Greece - March 13, 2017

Diana Containerships Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of containerships, today announced that it plans to reactivate one of its Post-Panamax container vessels, the m/v Pucon. The company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Orient Overseas Container Line Ltd., Hong Kong, for the m/v Pucon. The gross charter rate is US$10,750 per day, minus a 3.75% commission paid to third parties, for a period of thirteen (13) months, plus or minus thirty (30) days. The charter is expected to commence on April 27, 2017.

The “Pucon” is a 6,541 TEU container vessel built in 2006.

This employment is anticipated to generate approximately US$3.87 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.


The 2006-built post-panamax 6,541 teu container ship “Pucon”

Diana Containerships Inc. press release