Diana Containerships Charters Out One to Maersk Line

Athens-based Diana Containerships Inc. has through a separate wholly-owned subsidiary entered into a time charter contract with Maersk Line A/S for one of its Post-Panamax container vessels, the m/v Great.

The gross charter rate for the 2004-built, 5,576 TEU boxship is USD 14,750 per day, minus a 5% commission paid to third parties, for a period of minimum six months to maximum nine months. The charter is expected to commence on August 15, 2015.

Maersk Line has the option to employ the vessel for a further nine month period, plus or minus thirty days, at a gross daily rate of USD 21,000 minus a 5% commission paid to third parties, starting nine months after delivery of the vessel to the charterer. This option must be declared by the charterer not later than five months after the delivery date to the charterer.

Diana expects this employment to generate approximately USD 2.66 million of gross revenue for the minimum scheduled period of the charter.