Greece: Capital Product to Extend Charter for Two Vessels

Capital Product Partners L.P. on Wednesday 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.

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Capital Product Partners L.P., November 16, 2012