Diana Containerships Inc. (the “Company”) (NASDAQ:DCIX) is a Marshall Islands corporation founded in 2010 to own and operate containerships and pursue containership acquisition opportunities. As of May 10, 2013 the Company owns and operates nine Panamax container vessels as well as one Panamax container vessel the “Malacca (ex Maersk Malacca)” that has been sold by the Company and is expected to be delivered to its new owners in early-June 2013. Diana Containerships Inc. intends to continue to capitalize on investment opportunities by purchasing additional containerships in the secondhand market, from other companies, shipyards and lending institutions, and may also enter into newbuilding contracts with shipyards for new containerships.