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Diana picks up NOL panamax sale and leaseback deal

Diana picks up NOL panamax sale and leaseback deal
New York: Diana Containerships Inc is buying Neptune Orient Lines' 1995-built 4,750 teu Panamax APL Garnet for $30m, with delivery expected around 19 November 2012.

NOL will continue using the vessel on a 34-month charter at $27,000 per day, with one-month early termination or extension options. The Singapore line has been divesting older to boost slot efficiency.