Diana Charters Containership to Maersk

Container shipping company Diana Containerships Inc. announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with Maersk Line A/S for one of its Post-Panamax container vessels, the m/v Great. 

 

The charter, expected to commence on August 15, 2015, has a gross rate of $14,750 per day, minus a 5 percent commission paid to third parties, for a period of minimum six months to maximum nine months.

 

The charterer has the option to employ the vessel for a further nine month period, plus or minus 30 days, at a gross daily rate of $21,000 minus a 5 percent commission paid to third parties, starting nine months after delivery of the vessel to the charterer. This option must be declared by the charterer not later than five months after the delivery date to the charterer.

 

The Great is a 5,576 TEU container vessel built in 2004 by Koyo Dockyard Co. Ltd. in Hiroshima, Japan.

 

This employment is anticipated to generate approximately $2.66 million of gross revenue for the minimum scheduled period of the charter.

 

Diana Containerships Inc.’s fleet currently consists of 12 container vessels (four Post-Panamax and eight Panamax) as well as a Panamax container vessel, the m/v Cap Domingo, presumed sold, to be delivered to its new owners by mid-March 2016 (however, the closing of this sale is subject to buyer's board of directors approval not later than September 4, 2015). The company also expects to take delivery of two Post-Panamax container vessels, the first by mid-September 2015 and the other by the end of November 2015.