Post-Panamax Ship Delivered to Diana Containerships

Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, today announced that, through a separate wholly-owned subsidiary, it took delivery of the m/v YM March, a 2004-built Post-Panamax container vessel of 5,576 TEU capacity that the company entered into an agreement to purchase on August 7, 2014.

The YM March is chartered to Yang Ming (U.K.) Ltd., at a net charter rate of $12,000 per day. Based on the existing time charter party and its addendum, the charterer has the option to redeliver the vessel at any time between November 6, 2014 and April 6, 2015.

Including the newly delivered YM March, Diana Containerships Inc.’s fleet currently consists of nine container vessels (three Post-Panamax and six Panamax) as well as one Post-Panamax container vessel expected to be delivered to the Company by mid-October 2014.

dcontainerships.com