Diana Containerships has sold two 2004-built post-panamax containerships, March and Great, to George Youroukos-led Poseidon Container Holdings for a total price of $22m.
According to Diana, Poseidon was unable to obtain finance for all seven vessels it agreed to buy in October last year, and so the original agreement was terminated.
The two vessels are expected to be delivered by March 30, and Diana will use the net proceeds from the sale to repay debt under its credit agreements.
After the sale is completed Diana Containerships will have 9 container vessels in its fleet, made up of 4 post-panamaxes and 5 panamaxes.
