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General Information | 12 Months Ended
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Dec. 31, 2014
General Information [Abstract] |
General Information | 1. General Information The accompanying consolidated financial statements include the accounts of Diana Containerships Inc. (“DCI”) and its wholly-owned subsidiaries (collectively, the “Company”). Diana Containerships Inc. was incorporated on January 7, 2010 under the laws of the Republic of Marshall Islands for the purpose of engaging in any lawful act or activity under the Marshall Islands Business Corp orations Act. The Company is engaged in the seaborne transportation industry through the ownership of containerships and operates its fleet through Unitized Ocean Transport Limited, a wholly-owned subsidiary. The Company is the sole owner of all outstanding shares of the following subsidiaries: 1.1 Subsidiaries incorporated in the Marshall Islands: Likiep Shipping Company Inc. (“Likiep”), owner of the Marshall Islands flag, 3,426 TEU capacity container vessel “Sagitta”, which was built and delivered in June 20 10. Orangina Inc. (“Orangina”), owner of the Marshall Islands flag, 3,426 TEU capacity container vessel, “Centaurus”, which was built and delivered in July 2010. Lemongina Inc. (“Lemongina”), owner of the Marshall Islands flag, 4,729 TEU ca pacity container vessel, “Apl Garnet” (built in 199 5), which was acquired in November 2012. Ralik Shipping Company Inc. (“Ralik”), owner of the Marshall Islands flag, 4,206 TEU capacity container vessel, “Madrid” (ex “Maersk Madrid”, built in 1989), which was acquired in June 201 1 and sold in April 2013 (Note 4). Mili Shipping Company Inc. (“Mili”), owner of the Marshall Islands flag, 4,714 TEU capacity container vessel, “Malacca” (ex “Maersk Malacca”, built in 1990), which was acquired in June 2011 and sold in May 2013 (Note 4). Ebon Shipping Company Inc. (“Ebon”), owner of the Marshall Islands flag, 4,714 TEU capacity container vessel, “Merlion” (ex “Maersk Merlion”, built in 1990), which was acquired in June 201 1 and sold i n May 2013 (Note 4). Mejit Shipping Company Inc. (“Mejit”), owner of the Marshall Islands flag, 4,7 29 TEU capacity container vessel, “Sardonyx” (ex “Apl Sardonyx”, built in 199 5), which was acquired in February 201 2 and sold in February 2014 (Note 4). Micronesia Shipping Company Inc. (“Micronesia”), owner of the Marshall Islands flag, 4,729 TEU ca pacity container vessel, “Spinel” (ex “Apl Spinel”, built in 199 6), which was acquired in March 2012 and sold in December 2013 (Note 4). Rongerik Shipping Company Inc. (“Rongerik”), owner of the Marshall Islands flag, 3,7 39 TEU capacity container vessel, “Cap Domingo” (ex “Cap San Marco”, built in 2001), which was acquired in February 2012. Utirik Shipping Company Inc. (“Utirik”), owner of the Marshall Islands flag, 3,739 TEU capacity container vessel, “Cap Doukato” (ex “Cap San Raphael”, built in 2002), which was acquired in February 2012. Nauru Shipping Company Inc. (“Nauru”), owner of the Marshall Islands flag, 4,024 TEU capacity container vessel, “Hanjin Malta” (built in 1993), which was acquired in March 2013 (Note 4). Eluk Shipping Company Inc. (“Eluk”), owner of the Marshall Islands flag, 6,541 TEU capacity container vessel, “Puelo” (built in 2006), which was acquired in August 2013 (Note 4). Or uk Shipping Company Inc. (“Or uk”), owner of the Marshall Islands flag, 6,541 TEU capacity container vessel, “Pucon” (built in 2006), which was acquired in September 2013 (Note 4). Jabor Shipping Company Inc. (“Jabor”), owner of the Marshall Islands flag, 5,576 TEU c apacity container vessel, “YM Great” (built in 200 4), which was acquired in October 2014 (Note 4). Delap Shipping Company Inc. (“Delap)”, owner of the Marshall Islands flag, 5,576 TEU capacity container vessel, “YM March” (built in 2004), which was acquired in September 2014 (Note 4). Dud Shipping Company Inc. (“Dud”), owner of the Marshall Islands flag, 5,042 TEU c apacity container vessel, “Santa Pamina” (built in 200 5), which was acquired in November 2014 (Note 4). Unitized Ocean Transport Limited (the “Manager” or “UOT”), was established for the purpose of provid ing the Company and its vessels with management and administrative services, effective March 1, 2013. P ursuant to the m anagement agreement s, UOT receives a fixed commission of 2% on the gross charter hire an d freight earned by each vessel plus a technical management fee of $15 per vessel per month for employed vessels and $8 per vessel per month for laid-up vessels, if any. In addition, pursuant to the administrative agreement, UOT receives a fixed monthly fee of $10. T he management and administrative fees payable to UOT are eliminated in consolidation as intercompany transactions. Similar fees for 2012 and the period from January 1, 2013 to February 28, 2 013 were payab le to Diana Shipping Services S.A. (Note 3). 1.2 Subsidiaries incorporated in the United States of America: Container Carriers (USA) LLC (“Container Carriers”), was established in July 2014 in the State of Delaware, USA, to act as the Company's authorized representative in the United States. During 2014, 2013 and 2012, charterers that accounted for more than 10% of the Company's hire revenues were as follows:
Charterer |  | 2014 |  | 2013 |  | 2012
A |  | - |  | 16% |  | 46%
B |  | 25% |  | 23% |  | 22%
C |  | 31% |  | - |  | -
D |  | - |  | - |  | 22%
E |  | 17% |  | 38% |  | -
F |  | 14% |  | 10% |  | -

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