Diana Containerships Inc. (NASDAQ: DCIX), a global shipping company specializing in the ownership of containerships, yesterday announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with Hapag-Lloyd AG, Hamburg, for one of its Panamax container vessels, the m/v Sagitta.

Diana Containerships announces direct continuation of time charter contract for m/v Sagitta with Hapag-Lloyd
Caption: Container ship Sagitta - Image courtesy of Cengiz Tokgöz

The gross charter rate is US$8,400 per day, minus a 1.25% commission paid to third parties, for a period of minimum three (3) months to maximum five (5) months. The new charter period will commence on February 15, 2018.

The “Sagitta” is a 3,426 TEU container vessel built in 2010.

The employment extension of “Sagitta” is anticipated to generate approximately US$756,000 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). The Company, as previously announced, has entered into an agreement to sell two Post-Panamax container vessels, which are expected to be delivered to their new owners at the latest by March 30, 2018.

Source: Diana Containerships