Diana Containerships Inc. Announces Proposed Public Offering of 8.1M Shares

Diana Containerships Inc.

today announced that it intends to offer and sell 8,100,000 of its common shares in an underwritten public offering. The Company has granted the underwriters a 30-day option to purchase up to a total of 1,215,000 additional common shares. The net proceeds of the offering are expected to be used by the Company for general corporate purposes, including vessel acquisitions and working capital, although no specific vessels have been identified by the Company for acquisition at this time.