Capital Puts Tankers to Work

Capital Product Partners L.P. has secured one+one year charter employment for three of its Chemical/Product Tankers : M/T Avax, M/T Agisilaos and M/T Alkiviadis.

The 36,760 dwt Alkiviadis has been chartered by CSSA S.A., a fully owned subsidiary of Total S.A., for one year (+/- 30 days) at a gross daily rate of USD 14,125. CSSA S.A. has the option to extend the charter for an additional year (+/- 30 days) at USD 15,125 gross per day.

The 47,834 dwt Avax has been chartered to CMTC, for one year (+/- 30 days) at a gross daily rate of USD 14,750. CMTC has the option to extend the charter for an additional 12 months (+/- 30 days) at a gross day rate of USD 15,250. The charter is expected to commence in September 2014.

The 36,760 dwt Agisilaos has entered into a new charter with CMTC for one year (+/- 30 days) at a gross daily rate of USD 14,250 including an optional year (+/- 30 days) at a gross daily rate of USD 14,500. The charter is expected to commence in October 2014.