diana containerships inc (DCIX) Key Developments
Diana Containerships Inc. Announces the Delivery of Panamax Container Vessel, the M/V YM Los Angeles
Apr 9 15
Diana Containerships Inc. announced that, through a separate wholly-owned subsidiary, it has taken delivery of the m/v YM Los Angeles, a 2006-built Panamax container vessel of approximately 5,000 TEU capacity that the Company entered into an agreement to purchase on March 19, 2015.
Diana Containerships Inc. Announces Agreement to Acquire Two Panamax Container Vessels
Mar 20 15
Diana Containerships Inc. announced that it signed, through two separate wholly-owned subsidiaries, two Memoranda of Agreement to purchase from an unaffiliated third party two Panamax container vessels, the m/v YM Los Angeles and the m/v YM New Jersey. The YM Los Angeles and the YM New Jersey are both 2006-built vessels of approximately 5,000 TEU capacity. The purchase price for each vessel is $21.5 million. The sellers may deliver the vessels to the Company at any time between April 1, 2015 and April 30, 2015. The m/v YM Los Angeles is currently expected to be delivered to the Company on April 9, 2015 and the m/v YM New Jersey on April 15, 2015. Each of the two vessels is chartered to Yang Ming (UK) Ltd., at a gross charter rate of $21,000 per day less $350 per day commission paid to third parties. The charterer has the option to employ the vessel for a further twenty-two to twenty-six month period at the same daily gross charter rate less $350 per day commission paid to third parties. The optional period if exercised will start on December 19, 2016 for m/v YM Los Angeles and on November 24, 2016 for m/v YM New Jersey and must be declared six (6) months prior to these dates in respect of each vessel.
Diana Containerships Inc. Declares Dividend for the Fourth Quarter of 2014, Payable on or Around March 26, 2015
Feb 28 15
Diana Containerships Inc. declared a cash dividend on its common stock of $0.0025 per share with respect to the fourth quarter of 2014. The cash dividend will be payable on or around March 26, 2015 to all shareholders of record as at March 11, 2015.
Diana Containerships Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014
Feb 27 15
Diana Containerships Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported time charter revenues, net of $15,038,000 compared to $15,503,000 a year ago. Operating income was $2,520,000 compared to operating loss of $18,054,000 a year ago. Net income was $869,000 or $0.01 basic and diluted per share compared to net loss of $19,784,000 or $0.58 basic and diluted per share a year ago. Net cash provided by operating activities was $6,658,000 compared to $9,671,000 a year ago.
For the year, the company reported time charter revenues, net of $54,068,000 compared to $54,015,000 a year ago. Operating income was $9,850,000 compared to operating loss of $52,864,000 a year ago. Net income was $3,238,000 or $0.06 basic and diluted per share compared to net loss of $57,346,000 or $1.73 basic and diluted per share a year ago. Net cash provided by operating activities was $25,487,000 compared to $31,740,000 a year ago.
Diana Containerships Inc. to Report Q4, 2014 Results on Feb 27, 2015
Jan 27 15
Diana Containerships Inc. announced that they will report Q4, 2014 results at 8:30 AM, US Eastern Standard Time on Feb 27, 2015