Diana Containerships scraps a panamax

Diana Containerships has signed an agreement to sell its panamax boxship Hanjin Malta to an unnamed buyer for around $5.04m, minus commission.

Earlier this week, brokers reported the 19,007-ldt vessel sold to Indian buyers for demolition at a price of $265/ldt.

Diana bought the vessel for $22m in February 2013 from Hanjin Shipping, to whom the ship was timechartered back for 36 to 38 months at a gross rate of $25,550 per day. The minimum scheduled period of the charter terminated this month.

The sale will reduce Diana Containerships’s fleet to 13 vessels, comprising six post-panamax and seven panamax boxships.


Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.
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