Diana Containerships Announces Sale of Post-Panamax Container Vessel

Palios

Diana Containerships, a global shipping company specializing in the ownership of containerships, 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).

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