Wednesday, December 06, 2023
Tuesday, 11 November 2014 19:35

Diana Containerships Inc. Announces Agreement to Acquire a Panamax Container Vessel

Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, announced that on November 5, 2014, it signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to purchase from an unaffiliated third party a 2005-built Panamax container vessel of approximately 5,000 TEU capacity, the m/v “Santa Pamina”, for a purchase price of US$15.95 million. The vessel is expected to be delivered to the Company from the sellers by the end of November, 2014.

The vessel is chartered to The Shipping Corporation of India Ltd. at a gross charter rate of US$9,500 per day minus a 5\% commission paid to third parties, for a period ending on minimum March 16, 2015 to maximum May 15, 2015. The closing of this transaction is subject to the signing of a novation agreement to the time charter mentioned above. Should such novation agreement not be executed by the end of November 2014, the sellers will deliver the vessel to the company after the expiration of the time charter, between March 16, 2015 and May 20, 2015.

Including the aforementioned vessel, Diana Containerships Inc.’s fleet will consist of 11 container vessels (4 Post-Panamax and 7 Panamax).
Source: Diana Containerships Inc.


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