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

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Diana Shipping   ATHENS, Greece, Feb. 17, 2016 — Diana Containerships Inc. (NASDAQ:DCIX), (the “Company”), a global shipping company specializing in the ownership of containerships, today announced that yesterday it signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party the 1993-built vessel “Hanjin Malta” for demolition, with delivery due to the buyer by the end of March 2016, for a sale price of approximately US$5.04 million before commissions.

Upon completion of the aforementioned sale, Diana Containerships Inc.’s fleet will consist of 13 container vessels (6 Post-Panamax and 7 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.