BP Shipping Charters Extended

Friday, January 13, 2012
Capital Product Partners L.P. (Nasdaq: CPLP) announced the extension of the charters of both the M/T Agamemnon II and the M/T Ayrton II to BP Shipping.  The M/T Agamemnon II (2008 STX Offshore & Shipbuilding Co., 51,238 dwt) was fixed to BP  Shipping at a daily charter rate of $14,000 net for 12 months (+/- 1 month) and the charter is subject  to a profit sharing arrangement which allows each party to share, at a 50/50 percentage, additional  revenues earned for breaching the Institute Warranty Limits. The new charter rate will commence  upon redelivery from the vessel's current charter, expected at the end of January 2012, with earliest  expected redelivery at the end of December 2012. 
The M/T Ayrton II (2009 STX Offshore & Shipbuilding Co., 51,260 dwt) was fixed to BP Shipping  for 24 months (+/- 1 month) at a daily charter rate of $14,000 net for the first 12 month period and at a  daily charter rate of $15,000 net for the second 12 month period. The charter is subject to a profit  sharing arrangement which allows each party to share, at a 50/50 percentage, additional revenues  earned for breaching the Institute Warranty Limits. The new charter rate will commence upon  redelivery from the vessel's current charter, expected in April 2012, with earliest expected redelivery  in March 2014.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Defense Appropriations Bill Includes $1 Bln for US Icebreaker

The U.S. Senate Appropriations Committee’s FY2017 Defense Appropriations Bill has included $1 billion in funding to accelerate construction of a new polar icebreaker for the U.

Higher Capesize Demand Pushes up Baltic Index

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Friday buoyed by higher demand for capesize vessels.

TT Club Reports Robust Financial Results for 2015

TT Club has announced its financial results for the year ended December 31, 2015, and AM Best affirms its A- (Excellent) rating for the 10th consecutive year.   Knud Pontoppidan,

 
 
Maritime Careers / Shipboard Positions Naval Architecture Navigation Pipelines Pod Propulsion Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0716 sec (14 req/sec)