Diana Containerships Inc. Reports Financial Results for the Third Quarter and for the Period from January 7, 2010 (Inception Date) through September 30, 2010

ATHENS, GREECE, November 15, 2010 - Diana Containerships Inc., a global shipping company specializing in the transportation of containers, today reported net loss of $0.1 million for the third quarter of 2010. Voyage and time charter revenues were $2.4 million for the third quarter of 2010.

 

Net loss for the period from January 7, 2010 (date of inception) through September 30, 2010 amounted to $2.0 million. Voyage and time charter revenues were $2.4 million for the period from January 7, 2010 (date of inception) through September 30, 2010.

 

Diana Containerships Inc. is a corporation founded on January 7, 2010 to pursue vessel acquisitions in the container shipping industry. The Company's shares of common stock are not currently traded on any national securities exchange. The Company commenced an exchange offer of its shares of common stock for shares registered under the Securities Act of 1933, as amended, on October 19, 2010 pursuant to a registration statement on Form F-4 declared effective on that date. This press release is not an offer to exchange any of the securities of the Company, which is being made only pursuant to the prospectus contained in the registration statement on Form F-4 filed with the U.S. Securities and Exchange Commission...