Diana Containerships has reactivated a boxship thanks to a new charter from Orient Overseas Container Line (OOCL) and is now left with a sole idle vessel.

The Nasdaq-listed company said the Hong Kong-based liner operator, which was acquired by Cosco last month, has hired the 5,042-teu Pamina (built 2005) for seven to 12 months.

OOIL will pay a daily rate of $9,500, minus a 3.75%