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CMA Shipping 2011

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First Buy

Diana Containerships Inc, a majority-owned subsidiary of Diana Shipping, entered into agreements to acquire, from a third party seller, two 3,400 TEU newbuilding containerships constructed at TKMS Blohm + Voss Nordseewerke GmbH for EUR 37.3 million which equates to approximately $45.5 million. The first vessel is scheduled to be delivered on June 25th and will enter into a 9 to 12 month charter with A.P. Moller – Maersk at a gross rate of $16,000/day. The second vessel is scheduled to be delivered in the first half of July with no employment arranged as of yet.

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