Diana Containerships Inc. Announces Direct Continuation of Time Charter Contract for M/V Domingo With CMA CGM
July 10 2018 - 8:20AM
Diana Containerships Inc. (NASDAQ:DCIX), (the “Company”), a global
shipping company specializing in the ownership of containerships,
today announced that, through a separate wholly-owned subsidiary,
it has agreed to extend the present time charter contract with CMA
CGM, Marseille, for one of its Panamax container vessels, the m/v
Domingo. The gross charter rate is US$12,800 per day, minus a 3.5%
commission paid to third parties, for a period of minimum eight (8)
months to maximum eleven (11) months. The new charter period will
commence on August 3, 2018. The m/v Domingo is currently chartered,
as previously announced, at a gross charter rate of US$8,500 per
day, minus a 3.5% commission paid to third parties.
The “Domingo” is a 3,739 TEU container vessel
built in 2001.
The employment extension of “Domingo” is
anticipated to generate approximately US$3.07 million of gross
revenue for the minimum scheduled period of the time charter
extension.
Upon completion of the previously announced sale
of a Post-Panamax container vessel, the m/v Hamburg, Diana
Containerships Inc.’s fleet will consist of 4 container vessels (2
Post-Panamax and 2 Panamax). A table describing the current Diana
Containerships Inc. fleet can be found on the Company’s website,
www.dcontainerships.com. Information included on the Company’s
website does not constitute a part of this press release.
About the Company
Diana Containerships Inc. is a global provider
of shipping transportation services through its ownership of
containerships. The Company’s vessels are employed primarily on
time charters with leading liner companies carrying containerized
cargo along worldwide shipping routes.
Cautionary Statement Regarding Forward-Looking
Statements
Matters discussed in this press release may
constitute forward-looking statements. The Private Securities
Litigation Reform Act of 1995 provides safe harbor protections for
forward-looking statements in order to encourage companies to
provide prospective information about their business.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements, which are other than
statements of historical facts.
The Company desires to take advantage of the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995 and is including this cautionary statement in
connection with this safe harbor legislation. The words "believe,"
"anticipate," "intends," "estimate," "forecast," "project," "plan,"
"potential," "may," "should," "expect," "pending" and similar
expressions identify forward-looking statements.
The forward-looking statements in this press
release are based upon various assumptions, many of which are
based, in turn, upon further assumptions, including without
limitation, our management's examination of historical operating
trends, data contained in our records and other data available from
third parties. Although we believe that these assumptions were
reasonable when made, because these assumptions are inherently
subject to significant uncertainties and contingencies which are
difficult or impossible to predict and are beyond our control, we
cannot assure you that we will achieve or accomplish these
expectations, beliefs or projections.
In addition to these important factors, other
important factors that, in our view, could cause actual results to
differ materially from those discussed in the forward-looking
statements include the strength of world economies and currencies,
general market conditions, including fluctuations in charter rates
and vessel values, changes in demand for containership capacity,
changes in our operating expenses, including bunker prices,
drydocking and insurance costs, the market for our vessels,
availability of financing and refinancing, changes in governmental
rules and regulations or actions taken by regulatory authorities,
potential liability from pending or future litigation, general
domestic and international political conditions, potential
disruption of shipping routes due to accidents or political events,
vessel breakdowns and instances of off-hires and other factors.
Please see our filings with the Securities and Exchange Commission
for a more complete discussion of these and other risks and
uncertainties.
Corporate Contact:
Ioannis Zafirakis
Director, Chief Operating Officer and Secretary
Telephone: +30-216-600-2400
Email: izafirakis@dcontainerships.com
Website: www.dcontainerships.com
Investor and Media Relations:
Edward Nebb
Comm-Counsellors, LLC
Telephone: +1-203-972-8350
Email: enebb@optonline.net
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