Diana Containerships announces time charter contract for m/v Pamina
Diana Containerships announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Hyundai Merchant Marine Co., Ltd., Seoul, for one of its Panamax container vessels, the m/v Pamina. The gross charter rate is $11,950 per day, minus a 5% commission paid to third parties, for a period of minimum eight months to maximum twelve months. The charter will commence on August 24, 2018. The m/v Pamina is currently chartered, as previously announced, to Orient Overseas Container Line Ltd., Hong Kong, at a gross charter rate of US$9,500 per day, minus a 3.75% commission paid to third parties. The "Pamina" is a 5,042 TEU container vessel built in 2005. This employment is anticipated to generate approximately $2.87 million of gross revenue for the minimum scheduled period of the time charter.