Total extends timecharter of Capital Product Partners MR tanker

Total extends timecharter of Capital Product Partners MR tanker

Athens: Total’s shipping unit, Chartering & Shipping Services (CSSA), has exercised a 12-month extension option on its existing timecharter of an MR chemical/product tanker owned by Capital Product Partners.

The contract extension for the Alkiviadis (36,721 dwt, built 2006) has been fixed at a slightly higher gross rate of $15,125 per day.

The original 12-month timecharter was booked at a gross daily rate of $14,125 and commenced on September 25, 2014, due to expire on September 26 this year.

The NASDAQ-listed shipowner says as a result of this extension, its charter coverage for 2015 and 2016 is 90% and 70% respectively.

The Korean-built vessel has Ice Class 1A and IMO II/III certifications.

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.

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