Diana Containerships Takes Delivery of Container Vessel MV Pucon

Diana Containerships Inc., a global shipping company specializing in owning and operating containerships, has announced that on September 20, 2013, through a separate wholly-owned subsidiary, it took delivery of the m/v “Pucon”, a 2006-built Post-Panamax container vessel of approximately 6,500 TEU capacity that the Company entered into an agreement to purchase on August 8, 2013.

As previously announced, the “Pucon” is chartered to Compania Sud Americana de Vapores S.A., Valparaiso, Chile, for a period of minimum eighteen (18) months to maximum thirty (30) months at a gross charter rate of US$27,900 per day less US$150.00 per day commission paid to third parties. In case the vessel is redelivered to the Company in any period between the earliest and the maximum redelivery period after delivery, then the charterers will pay a lump sum equivalent to US$6,000 per day to the owners for the outstanding period between the redelivery date and up to the 30 months. The charter commenced on September 20, 2013.

Separately, Diana Containerships Inc. also announced that it has completed the drawdown of an additional US$6 million under the previously announced revolving credit facility of up to US$100 million with The Royal Bank of Scotland plc. With the drawdown announced yesterday, Diana Containerships Inc. has completed the drawdown of a total US$98.7 million under the above mentioned revolving credit facility.

Including the newly delivered “Pucon”, Diana Containerships Inc.’s fleet currently consists of 10 container vessels (2 Post-Panamax and 8 Panamax).

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Diana Containerships, September 24, 2013