Diana Containerships Inc. Reports Financial Results for the First Quarter Ended March 31,2011

ATHENS, GREECE, May 6, 2011 – Diana Containerships Inc. (NASDAQ: DCIX), a global shipping company specializing in the transportation of containers, today reported net income of $256,829 for the first quarter of 2011, compared to a net loss of $236,682 for the period from January 7 (inception date) to March 31, 2010. Time charter revenues were $3.2 million for the first quarter of 2011.

Full report at www.dcontainerships.com

About the Company
Diana Containerships Inc. is a Marshall Islands corporation founded in 2010 to own and operate containerships and pursue containership acquisition opportunities. Diana Containerships Inc. intends to continue to capitalize on investment opportunities by purchasing additional containerships in the secondhand market, from other companies, shipyards and lending institutions, and may also enter into newbuilding contracts with shipyards for new containerships.

Diana Containerships Inc. press release