Global shipping company Diana Containerships (NASDAQ: DCIX) this morning announced its time charter contract with Mitsui O.S.K. Lines Ltd. for one of its Post-Panamax container vessels, the m/v Puelo. The gross charter rate is US$14,600 per day, minus a 1.25% commission paid to third parties, for a period of approximately 50 days. The charter is expected to commence June 13, 2017. Separately, Diana Containerships said it has received notice from The Nasdaq Stock Market that the company is not in compliance with Listing Rule 5450(a)(1), as its closing bid price was below the minimum $1 per share bid price for 30 consecutive business days. Diana Containership said it intends to monitor the closing bid price of its common stock between now and November 20, 2017, (grace period) and is considering its options, including a reverse stock split, in order to regain compliance with the minimum bid price requirement. Shares of the company are currently trading at $0.40 with a year range of $0.36-$26.17.
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. Diana Containerships Inc.’s fleet currently consists of 12 container vessels (6 Post-Panamax and 6 Panamax). A table describing the current Diana Containerships Inc. fleet can be found on the Company’s website. For more information, visit www.dcontainerships.com
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