Diana Containerships Sells Vessel for Scrapping

Diana Containerships Sells Vessel for Scrapping

Diana Containerships, through a separate wholly-owned subsidiary, has signed a memorandum of agreement to sell its 1989-built vessel Maersk Madrid to an unaffiliated third party for demolition, with delivery due to the buyers by mid-May, for a sale price of about $8.8 million before commissions.

Upon completion of the sale of Madrid, the container line’s fleet will consist of 10 Panamax container vessels.