Global shipping company Diana Containerships Inc. (NASDAQ: DCIX), through a separate wholly-owned subsidiary, this morning announced that it has entered into a time charter contract with CMA CGM, Marseille, for one of its Panamax container vessels, the m/v Domingo. The charter will commence on September 15, 2017, and will continue for a period of between eight and 11 months. The gross charter rate of this contract is $8,500 per day, minus a 3.5 percent commission paid to third parties. Diana expects to generate approximately $2.04 million of gross revenue for the minimum scheduled period of the time charter. Diana’s fleet currently features 11 container vessels, including six Post-Panamax and five Panamax. Shares of Diana’s stock were down five percent mid-morning to $0.40, on volume of 239,000, following the news release.
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About Diana Containerships Inc.
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. For more information, visit the company’s website at www.DContainerships.com
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