Diana Announces Time Charter

Diana Containerships Inc. (NASDAQ: DCIX), has, through a separate wholly-owned subsidiary, entered into a time charter contract with Wan Hai Lines (Singapore) Pte Ltd. for one of its Post-Panamax container vessels, the m/v Rotterdam.

The gross charter rate is $13,150 per day, minus a 3.75% commission paid to third parties, for a period of minimum one hundred twenty (120) days to maximum one hundred seventy (170) days. The charter is expected to commence on January 26, 2018. The m/v Rotterdam is currently chartered, as previously announced, to CMA CGM, Marseille, at a gross charter rate of US$6,890 per day, minus a 3.5% commission paid to third parties.
 
The “Rotterdam” is a 6,494 TEU container vessel built in 2008.
 
This employment is anticipated to generate approximately $1.58 million of gross revenue for the minimum scheduled period of the time charter.