Greece: Diana Containerships Takes Over MV Hanjin Malta

Diana Containerships Inc. , a global shipping company specializing in owning and operating containerships, today announced that on March 15, 2013 the Company, through a separate wholly-owned subsidiary, has taken delivery of the m/v “Hanjin Malta,” a 1993-built Panamax container vessel of 4,024 TEU capacity that the Company entered into an agreement to purchase in February 2013.

The Hanjin Malta is time chartered to Hanjin Shipping Co. Ltd., Seoul, for a period of minimum thirty-six and a half (36.5) months to maximum thirty-eight (38) months at a gross rate of US$25,550 per day less US$150.00 per day commission paid to third parties.

The employment of the vessel is anticipated to generate approximately US$27.98 million of gross revenues for the minimum agreed period of the charter.

Including the newly delivered m/v “Hanjin Malta,” Diana Containerships Inc.’s fleet currently consists of 11 Panamax container vessels.

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Diana Containerships, March 19, 2013