Diana Extends Time Charter with A.P. Møller-Maersk

Diana Containerships Inc. (NASDAQ: DCIX)  has agreed to extend the present time charter contract with A.P. Møller-Maersk A/S, for its Panamax container vessel, the m/v Sagitta, for a period of minimum 10 months to maximum 12 months.  The gross charter rate is US$7,825 per day, minus a 1.25% commission paid to third parties. The new charter period is expected to commence on November 14, 2014.

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

This employment is anticipated to generate approximately $2.35 million of gross revenue for the minimum scheduled period of the charter.