Diana Containerships Announces Time Charter Contract for m/v Great with OOCL

By Vessels

Diana Containerships Inc. (NASDAQ: DCIX), a global shipping company specializing in the ownership of containerships, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Orient Overseas Container Line Ltd., Hong Kong, for one of its Post-Panamax container vessels, the m/v Great.

Diana Containerships Announces Time Charter Contract for m/v Great with OOCL

Container ship Great - Image courtesy of: Diana Containerships

The gross charter rate is US$7,300 per day, minus a 3.75% commission paid to third parties, for a period of minimum nine (9) months to maximum twelve (12) months. The charter is expected to commence on April 8, 2017.

The “Great” is a 5,576 TEU container vessel built in 2004.

This employment is anticipated to generate approximately US$1.97 million of gross revenue for the minimum scheduled period of the time charter.

Diana Containerships Inc.’s fleet currently consists of 12 container vessels (6 Post-Panamax and 6 Panamax).

Source: Diana Containerships