Diana Containerships Inks Charter for Post-Panamax

Image Courtesy: Diana Containerships

Nasdaq-listed containership owner Diana Containerships has entered into a time charter contract with French shipping company CMA CGM for one of its Post-Panamax container vessels, the M/V Rotterdam.

The gross charter rate is USD 6,890 per day for a period of minimum eight to maximum eleven months, with the charter expected to commence on March 7, 2017.

The firm said that the employment of the 6,494 TEU ship is anticipated to generate around USD 1.65 million of gross revenue for the minimum scheduled period of the time charter.

The 80,000 dwt Rotterdam was built at Japanese Koyo Dock shipyard in 2008.

Previously, the boxship worked for Danish shipping company Maersk Line, Diana’s data shows.

The announcement about the boxship’s deployment comes a day after the firm reported financial results for 2016 and for the fourth quarter of the same year.

Diana recorded a full-year net loss of USD 149 million, significantly bigger than a net loss of USD 17.5 million seen in 2015.

The loss for 2016 includes USD 118.9 million of impairment charges for seven of the company’s vessels and USD 2.9 million of direct sale and other charges for two ships.

For the fourth quarter of 2016, the company posted a net loss of USD 8.5 million, against a net loss of USD 8.8 million for the respective period of 2015.

Diana’s fleet currently consists of twelve container vessels – six Post-Panamaxes and six Panamaxes.

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