News

2018 July 11 13:37

Diana Containerships announces direct continuation of time charter contract for M/V Domingo with CMA CGM

Diana Containerships Inc. (the “Company”) through a separate wholly-owned subsidiary 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 containerships fleet owner said in a media release.

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).

About the Company
Diana Containerships Inc. is a global provider of shipping transportation services through its ownership of containerships. The Company’s vessels are employed primarily on time charters with leading liner companies carrying containerized cargo along worldwide shipping routes.