Diana Containerships Inc. Announces the Sale of a Panamax Container Vessel, the m/v New Jersey

Athens, Greece - February 13, 2018

Diana Containerships Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of containerships, today announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party the 2006-built vessel “New Jersey” for demolition, on an “as is where is” basis, with delivery due to the buyer by mid-March 2018, for approximately US$9.67 million.

Upon completion of the aforementioned sale and the previously announced sale of two Post-Panamax container vessels, Diana Containerships Inc.’s fleet will consist of 8 container vessels (4 Post-Panamax and 4 Panamax). 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.

About the Company
Diana Containerships Inc. is a global provider of shipping transportation services through its ownership of containerships. The Company’s vessels are employed primarily on time charters with leading liner companies carrying containerized cargo along worldwide shipping routes.

Diana Containerships Inc. press release