Diana Containerships Inc., (the “Company”), a global shipping company specializing in the ownership of containerships, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Wan Hai Lines (Singapore) Pte Ltd. for one of its Post-Panamax container vessels, the M/V Rotterdam.
The gross charter rate is US$13,150 per day, minus a 3.75% commission paid to third parties, for a period of minimum one hundred twenty (120) days to maximum one hundred seventy (170) days. The charter is expected to commence on January 26, 2018. The M/V Rotterdam is currently chartered, as previously announced, to CMA CGM, Marseille, at a gross charter rate of US$6,890 per day, minus a 3.5% commission paid to third parties.
The “Rotterdam” is a 6,494 TEU container vessel built in 2008. This employment is anticipated to generate approximately US$1.58 million of gross revenue for the minimum scheduled period of the time charter.