Diana Containerships Inc. a global shipping company specializing in the ownership of containerships, announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with Maersk Line A/S for one of its Post-Panamax container vessels, the m/v Great. The gross charter rate is US$14,750 per day, minus a 5% commission paid to third parties, for a period of minimum six months to maximum nine months. The charter is expected to commence on August 15, 2015.

The charterer has the option to employ the vessel for a further nine (9) month period, plus or minus thirty (30) days, at a gross daily rate of US$21,000 minus a 5% commission paid to third parties, starting nine (9) months after delivery of the vessel to the charterer. This option must be declared by the charterer not later than five months after the delivery date to the charterer.

The Great is a 5,576 TEU container vessel built in 2004.

This employment is anticipated to generate approximately US$2.66 million of gross revenue for the minimum scheduled period of the charter.