Diana Containerships Inc. a global shipping company specializing in the ownership of containerships, announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with CMA CGM S.A., Marseille, for one of its Post-Panamax container vessels, the m/v Rotterdam. The gross charter rate is US$6,890 per day, minus a 3.5% commission paid to third parties, for a period of minimum eight months to maximum eleven months. The charter is expected to commence on March 7, 2017.

The Rotterdam is a 6,494 TEU container vessel built in 2008. This employment is anticipated to generate approximately US$1.65 million of gross revenue for the minimum scheduled period of the time charter.