Sale of Diana containership falls through

Sale of Diana containership falls through

The sale of a panamax boxship owned by Diana Containerships has fallen through after the buyer failed to receive approval from its board of directors.

The sale of the Cap Domingo (3,739 teu, built 2001) was agreed for $24.25m on July 28, subject to the green light from the unnamed buyer’s board.

NASDAQ-listed Diana Containerships said it was informed on September 4 that the approval had not been granted.

The vessel is currently chartered to Germany’s Rudolf A Oetker KG on a one-year contract (plus extension options), which is due to expire between December 24 this year and March 8, 2016.

The charter was fixed at a gross rate of $9,900 per day, minus 3.75% commission for third parties.

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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