Greece: Diana Containerships Enters Charter Extension Contract for MV Sagitta

March 5, 2013

Diana Containerships Inc., a global shipping company specializing in owning and operating containerships, yesterday announced that it has extended the present time charter contract with A.P. Møller-Maersk A/S, for its Panamax container vessel, the m/v Sagitta.

The gross charter rate is US$7,250 per day, minus a 1.25% commission paid to third parties, for a period of minimum seven (7) months to maximum eleven (11) months. This charter is a direct continuation of the present agreement and will commence on March 15, 2013.

This employment is anticipated to generate approximately US$1.5 million of gross revenue for the minimum scheduled period of the charter.

The m/v Sagitta is a 3,426 TEU container vessel built in 2010.

Diana Containerships Inc.’s fleet currently consists of 11 Panamax container vessels, including the recently announced acquisition of a second hand Panamax container vessel not yet delivered to the Company.

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Diana Containerships, March 5, 2013