SecProbe.io

August 19, 2015

Via E -mail
Symeon Palios
Chairman and Chief Executive Officer
Diana Containerships Inc.
Pendalis 18, 175 64 Palaio Faliro
Athens, Greece

Re: Diana Containerships Inc.
 Form 20 -F for the Fiscal Year Ended December 31, 2014
Filed March 23, 2015
File No. 001 -35025

Dear Mr. Palios :

We have limited our review of your filing to your contacts with countries that have been
identified as state sponsors of terrorism, and we have the following comments.  Our review with
respect to this issue does not preclude further review by the Assistant Director group with respect
to other issues.   In our comments, we ask you to provide us with information so we may better
understan d your disclosure.

Please respond to these comments within ten business days by providing the requested
information or advise us as soon as possible when you will respond.  If you do not believe our
comments apply to your facts and circumstances, please t ell us why in your response.

After reviewing your response to these comments, we may have additional comments.

If our vessels call on ports that are subject to restrictions… page 16.

1. You stated in your letter to us dated May 23, 2011 tha t none of your vessels had called on
ports in countries identified by the U.S. government as state sponsors of terrorism.
However, y ou state on page 16 that you may be adversely affected if your vessels call on
ports located in such countries.  Sudan and Syria are designated by the U.S. Department of
State as state sponsors of terrorism, and are subject to U.S. economic sanctions and export
controls.  You do not describe in the Form 20 -F specific contacts with Sudan or Syria.
Please provide us with inform ation regarding any contacts with Sudan or Syria since the
referenced letter .  You should describe any goods, services  or fees  you have provided to
Sudan and Syria , directly or indirectly, and any agreements, arrangements or other
contacts you have had wit h the governments of Sudan and Syria or entities they control.

Symeon Palios
Diana Containerships Inc.
August 19 , 2015
Page 2

 2. Please tell us the approximate dollar amounts of any revenues, assets  and liabilities
associated with each of Sudan  and Syria for the last three fiscal years and the subsequent
interim period .

3. Securities Exchange Act Section 13(r)(1)(D)(iii) requires disclosure in a reporting
company’s annual report if, during the period covered by the report, the company or any
of its affiliates knowingly conducted any transaction or dealing with any person or entity
identified under Section 560.30 4 of T itle 31, Code of Federal Regulations (relating to the
definition of the Government of Iran) without the specific authorization of a Federal
department or agency.  We note that Diana Shipping Inc. included Sect ion 13(r)
disclosure in its Form 20 -F for the fiscal year ended December 31, 2014, apparently in
response to the requirements of Section 13(r)(1)(D)(iii).  You do not include similar
disclosure in your Form 20 -F.  Please provide us with your analysis of wh y you were not
required to include in your Form 20 -F the information Diana Shipping Inc. included in its
Form 20 -F in response to Section 13(r) .

We urge all persons who are responsible for the accuracy and adequacy of the disclosure
in the filing to be certain that the filing includes the information the Securities Exchange Act of
1934 and all applicable Exchange Act rules require.   Since the company and its management are
in possession of all facts relating to a company’s disclosure, they are responsible for the accurac y
and adequacy of the disclosures they have made.

 In responding to our comments, please provide a written statement from the company
acknowledging that:

 the company is responsible for the adequacy and accuracy of the disclosure in the filing;

 staff comments or changes to disclosure in response to staff comments do not foreclose
the Commission from taking any action with respect to the filing; and

 the company may not assert staff comments as a defense in any proceeding initiated by
the Commission or any person under the federal securities laws of the United States.

You may contact  Pradip Bhaumik , Special Counsel,  at (202) 551 -3333  or me at (202)
551-3470 if you have any questions about the comments or our review.

Sincerely,

Cecilia Blye, Chi ef
Office of Global Security Risk

Symeon Palios
Diana Containerships Inc.
August 19 , 2015
Page 3

 cc:  Gary J. Wolfe, Esq.
  Seward & Kissel, LLP

  Anne Nguyen Parker
  Assistant Director
 Division of Corporation Finance