Diana Containerships Sells M/V Maersk Madrid

Diana Containerships Inc., a global shipping company specializing in owning and operating containerships, announced that it signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party the 1989-built vessel Maersk Madrid (to be renamed Madrid) for demolition, with delivery due to the buyers by mid-May 2013, for a sale price of approximately $8.8 million (USD) before commissions.

Upon completion of the sale of m/v Maersk Madrid, Diana Containerships Inc.'s fleet will consist of 10 Panamax container vessels.

www.dcontainerships.com