Diana Containerships Inc. Announces the Sale of a Panamax Container Vessel, the m/v Doukato

Athens, Greece - May 31, 2017

Diana Containerships Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of containerships, today announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party the 2002-built vessel “Doukato” with delivery to the buyer latest by June 16, 2017, for a sale price of approximately US$6.15 million before commissions.

Upon completion of the aforementioned sale, Diana Containerships Inc.’s fleet will consist of 11 container vessels (6 Post-Panamax and 5 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