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Capital Product Partners L.P. Extends Employment of 2 LNG Carriers

Capital Product Partners L.P.

Published Aug 29, 2022 10:25 AM by The Maritime Executive

Capital Product Partners L.P. (the “Partnership”, “CPLP” or “we” / “us”) (NASDAQ: CPLP), an international owner of ocean-going vessels, today announced the increase of the day rate for two of its LNG carriers, ‘Aristarchos’ and ‘Asklipios’, as well as the extension of the firm period by approximately 6.4 years to June and September 2031, respectively. In addition, the charterer was granted two options per vessel, each one for two years. As a result of the extension and the higher day rate, firm contracted revenues under the two charters increased from approximately $118.4 million to $485.7 million. The increased day rate will apply from September 1, 2022. The remaining charter duration for CPLP’s fleet is now extended to 7.0 years from 6.2 as of June 30, 2022.

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