Diana Containerships Continues TC for M/V Domingo With CMA CGM


July 10, 2018

 Diana Containerships  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 global shipping company specializing in the ownership of containerships said that 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 months to maximum eleven 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).  

The Company’s vessels are employed primarily on time charters with leading liner companies carrying containerized cargo along worldwide shipping routes.