Capital Product Partners (CPLP) has agreed to renew a charter at cheaper rates concerning two of its liquefied natural gas (LNG) carriers operated by U.S. LNG player, Cheniere Energy.
In an August 30 statement, CLPL said “As a result of the extension and the higher day rate, the company had connected revenues under the two charters increased from approximately $118.4m to $485.7m.”
Cheniere was given two alternatives for each vessel, each for two years; the enhanced day rate will take effect on September 1, 2022.
The charters of the 174,000 cu m Aristarchos and Asklipios, built in 2021 and earning 69,823 per day, respectively, will be extended by approximately 6.4 years to June and September 2031 as a result of the agreement.
Six of the 19 ships owned by Capital Product Partners are LNG carriers, with a seventh one scheduled to be delivered by Hyundai Heavy Industries in January 2023, with options to extend the time charter until 2031.