Diana Containerships Inc. Announces Time Charter Contract for m/v Hamburg with Wan Hai Lines

Athens, Greece - December 1, 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 Wan Hai Lines (Singapore) Pte Ltd. for one of its Post-Panamax container vessels, the m/v Hamburg. The gross charter rate is US$11,000 per day, minus a 3.75% commission paid to third parties, for a period of minimum one hundred twenty (120) days to maximum two hundred twenty (220) days. The charter commenced earlier today. The m/v Hamburg was previously chartered to CMA CGM, Marseille, at a gross charter rate of US$6,700 per day, minus a 3.5% commission paid to third parties.

The “Hamburg” is a 6,494 TEU container vessel built in 2009.

This employment is anticipated to generate approximately US$1.32 million of gross revenue for the minimum scheduled period of the time charter.

Diana Containerships Inc.’s fleet currently consists 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