Five HMM vessels are to be equipped with scrubbers due to the upcoming 2020 low sulphur directive.
Alphaliner reported that NASDAQ-listed Capital Product Partners has concluded a series of agreements with HMM to equip with SOx scrubbers five 5,023 TEU container vessels currently on long-term charters to HMM.
The five ships involved in the Capital/HMM agreement, Hyundai Prestige, Hyundai Premium, Hyundai Paramount, Hyundai Privilege and Hyundai Platinum, were delivered in 2013 by Hyundai Heavy Industries, with 12-year charters from Capital. They are currently deployed on HMM's East Asia-East India ‘ACS’ service.
According to Alphaliner, HMM will pay US$4,900 per day more for the charter hire of each ship effective from 1 January 2020, or from the installation date of the scrubbers.
Alphaliner said “As the charters run until 2025, HMM would pay an extra 'scrubber premium' of US$9M per ship.” The five ships were ordered by Capital Product Partners in 2011 for US$53M each.
Alphaliner explained “These vessels are currently earning US$23,480 gross per day following a restructuring agreement with HMM dated 15 July 2016, that reduced the rate from the original $29,350 agreed in August 2011, four months after the vessels were contracted.
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