Post-Panamax container ship, m/v Hamburg.
Image by Diana Containerships Inc.

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

Athens, Greece - May 17, 2018

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 2009-built vessel “Hamburg”, with delivery to the buyer latest by July 31, 2018, for a sale price of US$21.0 million before commissions.

Net proceeds from the sale of the vessel are expected to be used by the Company to prepay part of the existing indebtedness.

Upon completion of the aforementioned sale, Diana Containerships Inc.’s fleet will consist of 5 container vessels (3 Post-Panamax and 2 Panamax). A table describing the current Diana Containerships Inc. fleet can be found on the Company’s website, 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