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 21, 2013 the Company owns and operates eight Panamax container vessels, as well as two Panamax container vessels, the “Malacca” (ex Maersk Malacca) and the “Merlion” (ex Maersk Merlion) that have been sold by the Company and are expected to be delivered to their 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.