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Diana Containerships Sells Panamax Ship for Scrap

Maritime Activity Reports, Inc.

February 17, 2016

Hanjin Malta (Photo: Diana Containerships)

Hanjin Malta (Photo: Diana Containerships)

Shipping company Diana Containerships Inc. has, through a separate wholly-owned subsidiary, signed a Memorandum of Agreement to sell to an unaffiliated third party the 1993-built vessel Hanjin Malta for demolition, with delivery due to the buyer by the end of March 2016, for a sale price of approximately $5.04 million before commissions.

Upon completion of the aforementioned sale, Diana Containerships Inc.’s fleet will consist of 13 container vessels, including six Post-Panamax and seven Panamax vessels.