Diana Containerships: Time Charter Contract for m/v Pamina

Diana Conteinerships

Diana Containerships, a global shipping company specializing in the ownership of containerships, announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Hyundai Merchant Marine Co., Ltd., Seoul, for one of its Panamax container vessels, the m/v Pamina.

The gross charter rate is US$11,950 per day, minus a 5% commission paid to third parties, for a period of minimum eight (8) months to maximum twelve (12) months. The charter will commence on August 24, 2018. The m/v Pamina is currently chartered, as previously announced, to Orient Overseas Container Line Ltd., Hong Kong, at a gross charter rate of US$9,500 per day, minus a 3.75% commission paid to third parties.

The “Pamina” is a 5,042 TEU container vessel built in 2005.

This employment is anticipated to generate approximately US$2.87 million of gross revenue for the minimum scheduled period of the time charter.

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