Capital Link Shipping Weekly Market Report, Wednesday 4th January 2016, Week 01
Golar LNG Partners L.P. - Notice of Charter End Date
Golar LNG Partners LP (NASDAQ: GMLP) (the "Partnership") announced that, as provisioned under the terms of the contract, they have received a notice of early termination of the Golar Spirit charter from charterers Petrobras. The Charter end date will now be June 21, 2017. The original end date of the charter was August 2018. In accordance with the terms of the Charter, Charterers will pay to the Partnership a compensation fee as a result of the early termination representing approximately 62% of the EBITDA1 remaining under
the contract from June 21, 2017 to the original contract end date.
Euroseas Ltd. Announces Delivery of Feeder Containership and
Sale of Drybulk Vessel
Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced that it took delivery of the M/V RT Dagr, a 1,645 teu feeder containership built in 1998. As previously announced, the vessel was purchased by issuing 900,000 shares of the Company's common stock.