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Company Description (as filed with the SEC)
Diana Containerships Inc. is a corporation incorporated under the laws of the Republic of the Marshall Islands on January 7, 2010. Each of the Company's vessels is owned by separate wholly-owned subsidiaries. Diana Containerships Inc. is the owner of all the issued and outstanding shares of the subsidiaries listed in Exhibit 8.1 to this annual report. We maintain our principal executive offices at Pendelis 18, 175 64 Palaio Faliro, Athens, Greece. Our telephone number at that address is +30 216 600 2400. Unitized Ocean Transport Limited, our Manager, rents our office space from an unrelated third party. Business Development and Capital Expenditures and Divestitures During 2011, we acquired from Maersk Line UK Ltd. and A.P. Moller Singapore Pte. Ltd) three Panamax container vessels, the m/v Maersk Madrid for $22.5 million and m/v Maersk Malacca, and m/v Maersk Merlion for $24 million each. All three vessels were chartered back to A.P. Møller-Maersk A/S. ... More ...