Diana Containerships Inc. Announces the Reactivation and the Time Charter Contract for mv Pucon with OOCL

By Vessels

Diana Containerships Inc. (NASDAQ: DCIX), a global shipping company specializing in the ownership of containerships, announced on Monday (Mar 13, 2017) that it plans to reactivate one of its Post-Panamax container vessels, the m/v Pucon.

Diana Containerships Inc. Announces the Reactivation and the Time Charter Contract for mv Pucon with OOCL

Container ship Pucon - Image courtesy of Wolfgang Berthel

The company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Orient Overseas Container Line Ltd. (OOCL), Hong Kong, for the m/v Pucon. The gross charter rate is US$10,750 per day, minus a 3.75% commission paid to third parties, for a period of thirteen (13) months, plus or minus thirty (30) days. The charter is expected to commence on April 27, 2017.

The Pucon is a 6,541 TEU container vessel built in 2006.

This employment is anticipated to generate approximately US$3.87 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