Diana Containerships Takes Delivery of Panamax Ship

Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, has announced that, through a separate wholly-owned subsidiary, it has taken delivery of the m/v YM Los Angeles, a 2006-built Panamax container vessel of approximately 5,000 TEU capacity that the Company entered into an agreement to purchase on March 19, 2015.

The YM Los Angeles is chartered to Yang Ming (UK) Ltd., at a gross charter rate of $21,000 per day less $350 per day commission paid to third parties. The charterer has the option to redeliver the vessel at any time between October 19, 2016 and February 19, 2017. The charterer has also the option to employ the vessel for a further 22 to 26 month period at the same daily gross charter rate less $350 per day commission paid to third parties. The optional period if exercised will start on December 19, 2016 and must be declared six months prior to this date.