POST Online Media Lite Edition


Diana Containerships to sell up to seven vessels

Staff Writer |
Diana Containerships announced that it has entered into an agreement to sell up to seven of its containership vessels for an aggregate purchase price of up to US$104 million to an unaffiliated third party.

Article continues below

Separate Memoranda of Agreement will be signed for each vessel. The sale and purchase of the vessels is subject to the purchaser obtaining certain minimum financing.

Depending on the level and timing of financing the buyer is able to obtain, the actual number of vessels to be sold to the buyer may be fewer than the seven, and will in each case be at prices that have been agreed to by the company and the buyer as of the date hereof.

The company expects any vessel sales pursuant to this agreement to be completed during the first quarter of 2018, subject to extension under certain circumstances.

What to read next

Diana Containerships to pay $85.0 to settle with RBS
Diana Containerships enters loan agreements with RBS, Diana Shipping
Diana Containerships in deal with Maersk Line for Great