NetworkNewsBreaks – Diana Containerships, Inc. (NASDAQ: DCIX) Shares Sink to New 52-Week Low; Announces New Time Charter Contract and an Extension of Existing Contract

Diana Containerships (NASDAQ: DCIX) shares are down 13%, setting a new 52-week low of $0.52; the stock’s 52-week high is $183.19. Diana Containerships this morning said that, through a separate wholly owned subsidiary, it has entered into a time charter contract with Maersk Line A/S for one of its Post-Panamax container vessels. Per the agreement, the vessel called the m/v Puelo will be chartered for a minimum of eight months to a maximum of 18 months. During the first eight months, the gross charter rate (prior to a 5% commission paid to third parties) will be $10,600 per day. The rate increases to $12,000 per day for the remaining time. The charter is expected to commence on August 2, 2017. Additionally, the company said that a separate wholly owned subsidiary has agreed to extend the current time charter contract with CMA CGM, Marseille, for one of its Panamax container vessels. Per this contract, the m/v Centaurus will now be chartered for a duration of eight to 12 months and is anticipated to commence on August 23.

To view the full press release, visit: http://nnw.fm/4SdlR

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. For more information, visit www.dcontainerships.com.

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