A Helping Hand

We thought Capital Products Partners’ solution to the upcoming off hire of two of its product carriers was also elegant. The two vessels, one 47,000 DWT built in 2007 and the other 37,000 DWT built in 2006, are coming off their charters with BP Shipping at rates of $20,500 and $19,750 respectively. Have perused the market, they found the best deal available was to charter the vessels to subsidiaries of its sponsor, Capital Maritime. Both vessels were fixed for 12 months at $12,750 and $12,000 per day gross.

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