CPLP: New Charters for the M/V ‘Agamemnon’ & M/V ‘Archimidis’

Marinakis_Vangelis_CPLP

Capital Product Partners L.P. (NASDAQ: CPLP), an international diversified shipping company, announced that it has secured new time charter employment for the M/V ‘Agamemnon’ (108,892 dwt / 8,266 TEU, container carrier built 2007, Daewoo Shipbuilding & Marine Engineering Co., Ltd., South Korea) and M/V ‘Archimidis’ (108,892 dwt / 8,266 TEU, container carrier built 2006, Daewoo Shipbuilding & Marine Engineering Co., Ltd., South Korea).

Both vessels have been chartered to a reputable operator for 12 months (+/- 30 days). We expect the new charters to commence in April 2016. The charterer has the option to extend both charters for an additional 12 months (+/- 60 days) at an increased rate.

As a result of the above new employment, the Partnership’s charter coverage for 2016 and 2017 has increased to 93% and 72%, respectively.

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