Diana Containerships: MOU to Buy Ship for $30m

Press Release
Tuesday, November 06, 2012

Diana Containerships Inc. (Nasdaq:DCIX),  signed  through a separate wholly-owned subsidiary, a Memorandum of Agreement with Neptune Orient Lines Ltd. for the purchase of a 1995-built.



Panamax container vessel of approximately 4,750 TEU capacity, the m/v "APL Garnet", for a purchase price of $30 million. The vessel is expected to be delivered to the Company from the sellers around the 19th of November, 2012.



The vessel is to be chartered to NOL Liner (Pte.) Ltd. (or a guaranteed nominee or other entity of the NOL Group, subject to the Company's approval), for a period of thirty-four (34) months at a rate  of US$27,000 per day, with 30 days more or less at the charterer's option. The time-charter party is to commence simultaneously upon delivery of the vessel to the Company, and is expected to generate approximately US$26.7 million of revenues for the minimum agreed period of the  charter.


The vessel is anticipated to be purchased using the Company's existing cash.

 

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

TOTE Finalizes Charter for LNG Containerships

World’s first LNG powered containerships to serve Puerto Rico TOTE, Inc. announced an agreement today between its operating companies TOTE Shipholdings Inc.

Hamburg Süd Opens Office in India

Hamburg Süd announced the opening of an office in Gandhidham, India, on October 1, 2014. It is the second branch office in the state of Gujarat. Hamburg Süd already has three offices in Mumbai,

GAC Marine Logistics Shifts Central Office to Singapore

In a move that brings it closer to key Asian markets, ship spares logistics specialist GAC Marine Logistics (GML) has relocated its head office to Singapore. The

Container Ships

TOTE Finalizes Charter for LNG Containerships

World’s first LNG powered containerships to serve Puerto Rico TOTE, Inc. announced an agreement today between its operating companies TOTE Shipholdings Inc.

Hamburg Süd Opens Office in India

Hamburg Süd announced the opening of an office in Gandhidham, India, on October 1, 2014. It is the second branch office in the state of Gujarat. Hamburg Süd already has three offices in Mumbai,

Chinese Manufacturing Expansion Affects Shipping Demand

The expansion of the Chinese Manufacturing Industry continued in September at unchanged pace as compared to the month before, BIMCO reports. The manufacturing industry

Vessels

First Damen ASD 2810 Leaves for Trinidad

First delivery of Damen ASD Tug 2810, ARC Towage signed four contracts total in Barcelona, Spain On July 31, 2013, ARC Towage signed four contracts at the Netherlands

TOTE Finalizes Charter for LNG Containerships

World’s first LNG powered containerships to serve Puerto Rico TOTE, Inc. announced an agreement today between its operating companies TOTE Shipholdings Inc.

Seismic Cooperation in Barents Sea Gives New Perspectives

Statoil and its partners have completed their joint seismic acquisition project in the south-eastern Barents Sea. New forms of cooperation have ensured resource-efficient acquisition.

Mergers & Acquisitions

Yara Completes Acquisition of OFD Holding

Yara International ASA has obtained relevant regulatory approvals and closed the acquisition of OFD Holding Inc. (OFD) allowing the integration process to start.

Jaccar Holdings & Hartmann form JV

Jaccar Holdings of Luxemburg and Hartmann Group of Leer, Germany, announce the establishment of a joint venture for the commercial management of ethane carriers.

Ahrenkiel Steamship Consolidates Entire Fleet at DNV GL

Ahrenkiel Steamship, the newly formed German ship management company, will consolidate its entire fleet at DNV GL. Nick Topham managing director of Ahrenkiel Steamship and Tor E.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Offshore Oil Pipelines Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.3714 sec (3 req/sec)