Capital Product Partners wins new charters

Capital Product Partners wins new charters

Greek owner Capital Product Partners (CPP) has won new time charter contracts for two boxships and sealed an extension for one of its tankers.

MSC has taken 2006-built 8,266 teu containership Archimidis on charter for two years at $18,000 per day. The charter commences at the end of May after the vessel comes off charter to Singapore’s PIL who were paying just $8,250 per day.

PIL has however extended the charter of 2007-built 8,266 teu containership Agamemnon for an additional eleven to thirteen months at a daily rate of $20,000. The extension commences during May, and at a rate significantly higher than the $8,250 PIL was previously paying for the vessel.

Lastly, Stena Bulk has chartered 2015-built chemical/product tanker Active for a minimum of two to a maximum of twelve months at a rate ranging between $15,000 and $16,000 per day. The charter will commence late May 2018 after the vessel comes off a short-term charter to Louis Dreyfus Company Suisse, who were paying $13,000 per day for the vessel.

CPP posted its first quarter results yesterday, with revenues of $53.9m resulting in a net income of $5.3m.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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