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 CMA CGM, Marseille, for one of its Panamax container vessels, the m/v Domingo.
The gross charter rate is US$12,800 per day, minus a 3.5% commission paid to third parties, for a period of minimum eight (8) months to maximum eleven (11) months. The new charter period will commence on August 3, 2018. The m/v Domingo is currently chartered, as previously announced, at a gross charter rate of US$8,500 per day, minus a 3.5% commission paid to third parties.
The Domingo is a 3,739 TEU container vessel built in 2001.
The employment extension of Domingo is anticipated to generate approximately US$3.07 million of gross revenue for the minimum scheduled period of the time charter extension.
Upon completion of the previously announced sale of a Post-Panamax container vessel, the m/v Hamburg, Diana Containerships Inc.’s fleet will consist of 4 container vessels (2 Post-Panamax and 2 Panamax).
Source: Diana Containerships