Diana Containerships (DCIX) Takes Delivery of Maersk Merlion

June 20, 2011 7:47 AM EDT
Diana Containerships Inc. (Nasdaq: DCIX) has taken delivery of a Panamax container vessel, the m/v "Maersk Merlion," a 1990-built vessel of 4,714 TEU capacity.

From the release: "As previously announced, the Maersk Merlion is chartered to A.P. Møller-Maersk A/S for a period of minimum twenty-four (24) months plus or minus forty-five (45) days at a daily rate of $21,450 less a 2.25 percent commission. The charterer has the option to employ the vessel for a further twelve (12) month period plus or minus forty-five (45) days, at a daily rate of $25,000 less a 2.25 percent commission starting twenty-four (24) months after delivery of the vessel to the charterer.

The employment of the vessel is anticipated to generate approximately $14.5 million of gross revenues for the minimum scheduled period of the charter."


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