Diana Containerships sells two ships but seven-ship deal falls through

|About: Diana Containerships Inc. (DCIX)|By:, SA News Editor

Diana Containerships (DCIX -2.5%) is lower after agreeing to sell two post-panamax container vessels to Poseidon Container Holdings for $22M.

DCIX says Poseidon was unable to obtain financing for all seven ships it agreed to purchase last October, forcing the termination of the original deal.

DCIX says it plans to use the proceeds from the sale pay down debt under its credit agreements.

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