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 Hapag-Lloyd AG, Hamburg, for one of its Panamax container vessels, the m/v Sagitta.

Diana Containerships Inc. Announces Time Charter Contract for m/v Sagitta with Hapag-Lloyd

Container ship Sagitta - Image courtesy of Buggi Porschien

The gross charter rate is US$9,500 per day, minus a 1.25% commission paid to third parties, for a period of up to minimum July 7, 2017 to maximum August 15, 2017. The charter is expected to commence on May 12, 2017.

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

This employment is anticipated to generate approximately US$0.5 million of gross revenue for the minimum scheduled period of the time charter.

Source: Diana Containerships