Post-Panamax containership, m/v Puelo.
Image by Diana Containerships Inc.

Diana Containerships Inc. Announces Completion of Sale of a Post-Panamax Container Vessel and Delivery to Her New Owners

Athens, Greece - June 29, 2018

Diana Containerships Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of containerships, announced that today it has completed the previously announced sale of one of its Post-Panamax container vessels, the m/v Puelo, with the delivery of the vessel to her new owners.

After the delivery of the vessel the Company will prepay approximately US$19.4 million of its existing indebtedness, after which the outstanding indebtedness will be approximately US$19.5 million. That amount is expected to be fully and finally settled upon completion of the previously announced sale of a Post-Panamax container vessel, the m/v Hamburg, latest by July 31, 2018.

Upon completion of the sale of m/v Hamburg, Diana Containerships Inc.’s fleet will consist of 4 container vessels (2 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