New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 1, 2013
05:53 EDTCPLPCapital Product reaches conditional agreement with Overseas Shipholding Group
Capital Product has reached a conditional agreement with Overseas Shipholding Group and certain of OSG's subsidiaries regarding the long term bareboat charters of three of its product tanker vessels. CPLP has conditionally agreed to enter into new charters with OSG on substantially the same terms as the prior charters but at a bareboat rate of $6,250 per day. OSG has the option of extending the employment of each vessel following the completion of the bareboat charters for an additional two years on a time chartered basis at a rate of $16,500 per day. The new charters remain subject to approval by OSG's board of directors.
News For CPLP From The Last 14 Days
Check below for free stories on CPLP the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
April 23, 2014
16:11 EDTCPLPCapital Product CEO/CFO Ioannis Lazaridis to take non-executive role
Capital Product announced that director, CEO and CFO, Ioannis Lazaridis, will transition to a non-executive role with the partnership upon the completion of the process to choose his successor. In the meantime, Lazaridis will continue as CEO and CFO and will lead the partnership, until a successor is in place. The board has appointed a committee to assist in the search process for Lazaridis' successor. The committee is chaired by Keith Forman and will consider both external and internal candidates.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use