Capital Product Partners L.P.: New Period Charters For Four Of Its Product Tankers

Marinakis_Vangelis_CPLP

Capital Product Partners L.P., an international diversified shipping company, announced that it has secured new time charter employment for four of its vessels.

The M/T ‘Alexandros II’ (51,258 dwt, IMO II/III Chemical/ Product Tanker built 2008, STX Offshore & Shipbuilding Co., Ltd, South Korea), the M/T ‘Aristotelis II’ (51,226 dwt, IMO II/III Chemical/ Product Tanker built 2008, STX Offshore & Shipbuilding Co., Ltd, South Korea), the M/T ‘Aris II’ (51,218 dwt, IMO II/III Chemical/ Product Tanker built 2008, STX Offshore & Shipbuilding Co., Ltd, South Korea) and the M/T ‘Ayrton II’ (51,260 dwt, IMO II/III Chemical/ Product Tanker built 2009, STX Offshore & Shipbuilding Co., Ltd, South Korea), have secured employment with Petróleo Brasileiro S.A. (‘Petrobras’) for two years (+/- 30 days) at a gross daily rate of $14,700. Petrobras has the option to extend the respective time charters for an additional eleven months (+/-30 days) at $14,850 per day. The new charters are subject to vetting inspections of each vessel and are expected to commence in the third quarter of 2018.

As a result of the above employments, the Partnership’s charter coverage for 2018 has increased to 70%.

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