Capital Product Partners Secures New Time Charters

Capital Product Partners L.P said Friday it has secured new time charter employment for three medium range tankers. The shipping company said its M/T Amadeus has been chartered by Repsol Trading for one year starting in October at a gross daily rate of $14,500. Repsol has the option to extend the charter for an additional year at $14,750 a day.

Meanwhile, the M/T Aktoras and the M/T Aiolos have been chartered to Capital Maritime & Trading for ten to twelve months at $11,000 gross a day plus 50/50 profit share on actual earnings settled every six months. The vessels have been trading on voyage or short time charters following the expiry of their employment with BP Shipping Limited at the end of the Q1. The new charters are expected to start in September.

By Chris Robinson