Diana Containerships signs time charter contract for mv Hamburg with Wan Hai Lines

By Vessels

Diana Containerships Inc. (NASDAQ: DCIX), a global shipping company specializing in the ownership of containerships, Friday announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Wan Hai Lines (Singapore) Pte Ltd. for one of its Post-Panamax container vessels, the m/v Hamburg.

Diana Containerships signs time charter contract for mv Hamburg with Wan Hai Lines
Caption: Container ship Hamburg - Image courtesy of Buggi Porschien

The gross charter rate is US$11,000 per day, minus a 3.75% commission paid to third parties, for a period of minimum one hundred twenty (120) days to maximum two hundred twenty (220) days. The charter commenced on Friday (Dec 01).

The m/v Hamburg was previously chartered to CMA CGM, Marseille, at a gross charter rate of US$6,700 per day, minus a 3.5% commission paid to third parties.

The “Hamburg” is a 6,494 TEU container vessel built in 2009.

This employment is anticipated to generate approximately US$1.32 million of gross revenue for the minimum scheduled period of the time charter.

Diana Containerships Inc.’s fleet currently consists of 11 container vessels (6 Post-Panamax and 5 Panamax).

Source: Diana Containerships