Diana Containerships sells panamax boxship

Diana Containerships is to sell its panamax boxship Cap Domingo (3,739 teu, built 2001) to an unnamed buyer for a gross price of $24.25m.

The Athens-based owner has signed a memorandum of agreement (MOA) with unnamed buyer. The sale transaction is expected to close by September 4, pending approval from the buyer’s board of directors.

The vessel will be delivered by mid-March 2016, after it completes its current employment on March 9 next year.

Germany’s Rudolf A Oetker KG fixed the ship on a 13-month timecharter in November 2014, and is paying a gross rate of $9,900 per day, minus 3.75% commission for third parties. The fixture was a novation from the vessel’s original charterers Reederei Santa Containerschiffe GmbH & Co KG.

After the sale of the Cap Domingo, Diana Containerships’ fleet will consist of 12 container vessels, of which four are post-panamax and eight are panamax in size.


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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