Diana Containerships Inc., a global shipping company specializing in owning and operating containerships, has announced that yesterday it signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party the 1990-built vessel Maersk Malacca (renamed "Malacca") for demolition, with delivery due to the buyers by early June 2013, for a sale price of approximately US$10.3 million before commissions.

Upon completion of the sale of m/v Maersk Malacca and m/v Maersk Madrid as previously announced, Diana Containerships Inc.'s fleet will consist of 9 Panamax container vessels. A table describing the current Diana Containerships Inc. fleet can be found on the Company's website, www.dcontainerships.com. Information included on the Company's website does not constitute a part of this press release.(Reuters)