Diana Containerships Inc. (Nasdaq:DCIX), a global shipping company specializing in owning and operating containerships, today announced that the Company took delivery of the Panamax container vessel, M/V “APL Sardonyx”, a 1995-built vessel of approximately 4,750 TEU capacity, on Friday, February 17, 2012.
As previously announced, the APL Sardonyx is chartered to APL (Bermuda) Ltd., or to a guaranteed nominee or to another entity of the NOL Group with similar or better net worth than APL (Bermuda) Ltd. for a period of minimum twenty-four (24) months plus or minus forty-five (45) days at a daily rate of US$24,750. The charterer has the option to employ the vessel for a further twelve (12) month period plus or minus forty-five (45) days, at a daily rate of US$24,750 starting twenty-four (24) months after delivery of the vessel to the charterer. After that period, the charterer has the option to employ the vessel for a further twelve (12) month period plus or minus forty-five (45) days, at a daily rate of US$28,000 starting thirty-six (36) months after delivery of the vessel to the charterer. Options must be declared by the charterer not later than twenty (20) months for the first option and thirty-two (32) months for the second option after the delivery date to the charterer. Daily rates include a total commission of 2% paid to third parties and Diana Shipping Services S.A.
The employment of the vessel is anticipated to generate approximately US$16.7 million of revenues for the minimum agreed period of the charter.
Separately, Diana Containerships Inc. also announced today that it has completed the drawdown of an additional US$8.4 million under the previously announced revolving credit facility of up to US$100 million with The Royal Bank of Scotland plc, which may be increased to US$150 million subject to further syndication. With the drawdown announced today, Diana Containerships Inc. has completed the drawdown of a total of US$83.9 million under the above mentioned revolving credit facility.
Including the newly delivered APL Sardonyx, the Diana Containerships Inc. fleet currently consists of 8 Panamax container vessels. The Company also previously announced the purchase of another Panamax container vessel, the m/v “APL Spinel”, which is expected to be delivered by the end of February 2012.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 109,011 members that receive our newsletter.
Have a news tip? Let us know.
U.S. President-elect Donald Trump is serious about trying to acquire Greenland, both to expand America's sphere of influence in the Western Hemisphere and as a way to cement his legacy, according to three sources familiar with his thinking.
A Norwegian shipping company on Friday rejected an accusation from Dmitry Medvedev, deputy chairman of Russia's Security Council, that it refused to rescue sailors from a sinking Russian cargo ship in the Mediterranean Sea.
Israel struck multiple targets in Yemen it said were controlled by Houthis, the last of the Iran-backed groups still fully engaged in the regional war that began 14 months ago.
Maritime and offshore news trusted by our 109,011 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
