Evangelos Marinakis’s Capital Product Partners has agreed extensions with Hapag-Lloyd for three long-term time charters.
The Athos, Aristomenis and Athenian have been extended for two additional years, taking the charters through to April 2026. The extended charters also include two-year options.
Additionally, Capital has secured a short-term time charter for the Akadimos, commencing July 2020 for a period of about 80 days.
“Despite the adverse market conditions, we are pleased to have extended the period employment of three of our vessels at an attractive long-term day rate, thus, enhancing the Partnership’s cash flow visibility,” the company stated.