Capital Product Partners L.P. Announces Fleet Employment Updates

By Vessels

The Capital Product Partners L.P. (CPLP) has agreed with Pacific International Lines (PIL) to extend the time charters of the M/V 'Archimidis' (108,892 dwt / 8,266 TEU, container carrier built 2006, Daewoo Shipbuilding & Marine Engineering Co., Ltd., South Korea) and the M/V 'Agamemnon' (108,892 dwt / 8,266 TEU, container carrier built 2007, Daewoo Shipbuilding & Marine Engineering Co., Ltd., South Korea) for an additional year (+/- 30 days) at similar levels to their previous employment. 

Capital Product Partners L.P. Announces Fleet Employment Updates

Container ship Archimidis - Image courtesy of Hannes van Rijn

The new charters were agreed early in the first quarter of 2017 in direct continuation of the vessels' present charters. The M/V 'Archimidis' commenced her new charter in April 2017 and the M/V 'Agamemnon' is expected to commence the new charter in May 2017.

The M/T 'Amoureux' (149,993 dwt, Crude Oil Carrier, built 2008, Universal Shipbuilding, Japan) has secured one-year employment (+/- 30 days) with Capital Maritime at a gross daily rate of $22,000. The new charter commenced in April 2017. The vessel was previously earning $29,000 gross per day under a two-year charter with Stena Bulk AB.

As a result of the new charters listed above, CPLP’s charter coverage for 2017 and 2018 has increased to 85% and 50%, respectively.

Source: Capital Product Partners L.P.