Diana Containerships Extends Charter Contract for MV Centaurus

Diana Containerships Inc., a global shipping company specializing in owning and operating containerships, today announced that it has agreed to extend the present time charter contract with CMA CGM S.A., Marseille, France, for its Panamax container vessel, the m/v Centaurus for a period of minimum six (6) months to maximum ten (10) months.

The gross charter rate remains US$7,500 per day, minus a 3.5% commission paid to third parties.The new charter period will commence on August 13, 2013.

This employment is anticipated to generate approximately US$1.35 million of gross revenue for the minimum scheduled period of the charter.

The m/v Centaurus is a 3,426 TEU container vessel built in 2010.

Upon completion of the sale of m/v Malacca as previously announced, Diana Containerships Inc.’s fleet will consist of 8 Panamax container vessels.