Capital Product Partners L.P. Announces New Period Charters For Four Of Its Product Tankers
June 15 2018 - 9:00AM
Capital Product Partners L.P. (NASDAQ:CPLP) (the 'Partnership'), an
international diversified shipping company, announced today 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%.
About Capital Product Partners L.P.
Capital Product Partners L.P. (NASDAQ:CPLP), a
Marshall Islands master limited partnership, is an international
owner of tanker, container and drybulk vessels. The Partnership
currently owns 37 vessels, including twenty-one modern MR (Medium
Range) product tankers, four Suezmax crude oil tankers, one Aframax
crude/product oil tanker, ten Neo Panamax container vessels and one
Capesize bulk carrier. Its vessels trade predominantly under period
charters.
For more information about the Partnership,
please visit our website: www.capitalpplp.com.
Forward-Looking Statements
The statements in this press release that are
not historical facts may be forward-looking statements (as such
term is defined in Section 21E of the Securities Exchange Act of
1934, as amended). These forward-looking statements involve risks
and uncertainties that could cause the stated or forecasted results
to be materially different from those anticipated. Unless required
by law, we expressly disclaim any obligation to update or revise
any of these forward-looking statements, whether because of future
events, new information, a change in our views or expectations, to
conform them to actual results or otherwise. We assume no
responsibility for the accuracy and completeness of the
forward-looking statements. We make no prediction or statement
about the performance of our common units.
CPLP-F
Contact Details:
Capital GP L.L.C.Jerry
KalogiratosCEO Tel. +30 (210) 4584 950 E-mail:
j.kalogiratos@capitalpplp.com
Capital GP L.L.C.Nikos
KalapotharakosCFOTel. +30 (210) 4584 950E-mail:
n.kalapotharakos@capitalmaritime.com
Investor Relations /
MediaNicolas BornozisCapital Link, Inc. (New York)Tel.
+1-212-661-7566E-mail: cplp@capitallink.com
Source: Capital Product Partners L.P.
Capital Product Partners (NASDAQ:CPLP)
Historical Stock Chart
From Mar 2024 to Apr 2024
Capital Product Partners (NASDAQ:CPLP)
Historical Stock Chart
From Apr 2023 to Apr 2024