Diana Containerships Inc. Announces the Delivery of a Post-Panamax Container
Vessel, the m/v Pucon and the Drawdown of an Additional US$6 Million From the
Revolving Credit Facility With RBS
ATHENS, Greece, Sept. 23, 2013 (GLOBE NEWSWIRE) -- Diana Containerships Inc.
(Nasdaq:DCIX), 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 today, 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). 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 Marshall Islands corporation founded in 2010 to
own and operate containerships and pursue containership acquisition
opportunities. Diana Containerships Inc. intends to continue to capitalize on
investment opportunities by purchasing additional containerships in the
secondhand market, from other companies, shipyards and lending institutions,
and may also enter into newbuilding contracts with shipyards for new
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, vessels 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.
CONTACT: Corporate Contact:
Director, Chief Operating Officer and Secretary
Investor and Media Relations:
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