Diana Containerships Inc was incorporated on January 7, 2010 under the laws of the Republic of the Marshall Islands. The Company along with its subsidiary operates containerships. Its vessels are employed on time charters with companies that are carrying containerized cargos. As of December 31, 2014 it owns seven panamax and four post-panamax containerships with a combined carrying capacity of 52,359 TEU and a weighted average age of 11.4 years. Its customers include national, regional, and international companies, including A.P. Moller-Maersk A/S, CMA CGM S.A., CSAV Valparaiso, Reederei Santa Containerschiffe, GMbH & Co. KG, Hanjin Shipping Co. Ltd and NOL Liner (Pte) Ltd. The Company is subject to international conventions, treaties, national, state and local laws and regulations in force in the countries in which it operates or registered, and also is subject to safety and health and environment protection, including the storage, handling, emission, transportation and discharge of hazardous and non-hazardous materials.