Capital Product Partners L.P. Announces One Year Charter Extensions for M/T Aias and M/T Amoureux at Increased Day Rates Plus...
November 14 2012 - 9:00AM
Marketwired
Capital Product Partners L.P. (NASDAQ: CPLP) today announced that
Capital Maritime & Trading Corp. ('CMTC') has exercised its
option to extend the time charter employment of each of the M/T
'Aias' and the M/T 'Amoureux' for a second year at an increased
gross day rate of $24,000.
In particular, the extension of the charters for the M/T 'Aias'
(150,393 dwt, built 2008 Universal Shipbuilding Corp., Japan) and
the M/T 'Amoureux' (149,993 dwt, built 2008 Universal Shipbuilding
Corp., Japan) is expected to commence in December 2012. In addition
to the increased gross day rate of $24,000 the vessels will
continue to earn 50/50 profit share on actual earnings settled
every 6 months.
CMTC has the option to extend the time charter employment for a
third year at $28,000 per day with the same profit share
arrangements.
About Capital Product Partners L.P.
Capital Product Partners L.P. (NASDAQ: CPLP), a Marshall Islands
master limited partnership, is an international owner of modern
double-hull tankers. The Partnership currently owns 25 vessels,
including two VLCCs (Very Large Crude Carriers), four Suezmax crude
oil tankers, 18 modern MR (Medium Range) tankers and one Capesize
bulk carrier. All of its vessels are under period charters to BP
Shipping Limited, Overseas Shipholding Group, Petrobras,
Arrendadora Ocean Mexicana, S.A. de C.V., Subtec S.A. de C.V.,
Cosco Bulk Carrier Co. Ltd. and Capital Maritime & Trading
Corp.
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-G
Contact Details: Capital GP L.L.C. Ioannis Lazaridis CEO
and CFO +30 (210) 4584 950 E-mail: i.lazaridis@capitalpplp.com
Capital Maritime & Trading Corp. Jerry Kalogiratos
Finance Director +30 (210) 4584 950 j.kalogiratos@capitalpplp.com
Investor Relations / Media Matthew Abenante Capital Link,
Inc. (New York) Tel. +1-212-661-7566 E-mail:
cplp@capitallink.com
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