Brief: Capital Product says announces charter rate reduction of five of partnership's vessels

Capital Clean Energy Carriers

18/07/2016 14:02

July 18 (Reuters) - Capital Product Partners Lp  
    * As part of various agreements, owners of hmm vessels 
entered into charter restructuring agreement with hmm on july 15 
    * Capital product partners l.p. Announces charter rate 
reduction of five of partnership's vessels as part of hyundai 
merchant marine financial restructuring 
    * Total charter rate reduction for charter reduction period 
for hmm vessels aggregates to approximately $37.0 million 
    * Charter reduction compensation is expected to be delivered 
by july 23, 2016 
    * Agreement provides for reduction of charter rate payable 
under charter parties by 20% to $23,480 per day for a 3-year 
period starting in july 2016 
 
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