Diana Offloads Another Containership

Greek shipping company Diana Containerships has signed a Memorandum of Agreement to sell its 2006-built vessel Puelo to an undisclosed buyer.

The ship fetched a price of USD 20.5 million before commissions and will be handed over to its new owner by June 30, 2018.

“The company expects to use the whole or part of the net proceeds from the sale of the vessel to prepay existing indebtedness based on the outstanding amount of such indebtedness upon completion of the transaction,” Diana said.

The Post-Panamax had been chartered by Danish container shipping giant Maersk Line in August 2017 for a period of 8-18 months.

The sale follows last week’s disposal of a Post-Panamax container vessel, the M/V Hamburg. 

The 2009-built ship was sold for a price of USD 21 million, which will also be used for debt payment.

Upon completion of the two sales, Diana Containerships’ fleet will consist of 4 container vessels, 2 Post-Panamax and 2 Panamaxes.

The company has been on a selling spree since the beginning of this year, having sold two 2010-built containerships, the m/v Sagitta and the m/v Centaurus, in March at a price of USD 12.3 million each.

These came on the back of the sale of two ships in January and sending a ship for scrap in February this year.

The shedding of second-hand tonnage was assigned to the company’s intention of covering indebtedness and has seen the company’s fleet reduce from 11 to four ships.

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