Photo credit: Capital Product Partners (image for illustration purposes only)

Piraeus-based Capital Product Partners, an international owner of ocean going vessels, has sealed a new time charter deal for the 115,534 deadweight container carrier Akadimos with a major liner company, in a deal worth of $34.4 million approximately.

The Nasdaq-listed company has fixed the 9,288 teu vessel built in 2015 by Daewoo-Mangalia Heavy Industries in Romania, with its existing charterer for approximately 24 months.

The charter for the 9,288 teu Akadimos is expected to commence in the second quarter of 2023 in direct continuation of her present charter and the partnership estimates that this charter may generate $34.4 million of gross revenue.

As a result of the employment update, the partnership’s charter coverage for the remainder of 2023 and 2024 has increased to 96%.

Capital Product Partners, a Marshall Islands master limited partnership, is an international owner of ocean-going vessels. The company currently owns 22 vessels, including seven latest generation LNG carriers, 11 Neo-Panamax container vessels, three Panamax container vessels and one Capesize bulk carrier. This excludes one 13,312 teu container vessel that Capital Product Partners has agreed to acquire, and is expected to be delivered in the second quarter of 2023.