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In a significant development within the maritime industry, PETROBRAS has successfully secured a new charter agreement priced at $14,700. This contract is set to last for a duration of 2 to 3 years, marking a strategic move for the company as it enhances its trading operations. Details surrounding the specifics of the vessel and its capabilities are yet to be disclosed, but this agreement underscores PETROBRAS's commitment to optimizing its shipping logistics and operations for the foreseeable future.

Capital Product Partners L.P. (NASDAQ:CPLP), a leading player in the global shipping industry, has announced the successful acquisition of new time charters for four of its product tankers. The vessels involved in this significant charter agreement are the M/T 'Alexandros II' (51,258 dwt, IMO II/III Chemical/Product Tanker, built in 2008 by STX Offshore & Shipbuilding Co., Ltd, South Korea), the M/T 'Aristotelis II' (51,226 dwt, IMO II/III Chemical/Product Tanker, also built in 2008 by STX Offshore & Shipbuilding Co., Ltd, South Korea), the M/T 'Aris II' (51,218 dwt, IMO II/III Chemical/Product Tanker, 2008, STX Offshore & Shipbuilding Co., Ltd, South Korea), and the M/T 'Ayrton II' (51,260 dwt, IMO II/III Chemical/Product Tanker, built in 2009 by STX Offshore & Shipbuilding Co., Ltd, South Korea). These vessels have secured two-year employment contracts with Petróleo Brasileiro S.A. ('Petrobras') at a gross daily rate of $14,700, with an option for Petrobras to extend the charters for an additional eleven months at a daily rate of $14,850. The commencement of these new charters is subject to successful vetting inspections of each vessel, anticipated to begin in the third quarter of 2018. As a result of these agreements, Capital Product Partners has bolstered its charter coverage for the year, now standing at an impressive 70%. Based in the Marshall Islands, Capital Product Partners L.P. owns a diverse fleet of 37 vessels, including 21 modern MR (Medium Range) product tankers, four Suezmax crude oil tankers, one Aframax crude/product oil tanker, ten Neo Panamax container ships, and one Capesize bulk carrier, primarily operating under long-term charters.