Ship owner Capital Product Partners LP said it would continue to lease three of its product tankers to Overseas Shipholding Group Inc, which has filed for bankruptcy protection, but at a lower rate, Reuters reported today. The new long-term bareboat charters—boats hired without crew or provisions—are for $6,250 per day, almost 50 percent lower than those under the existing charters. Debt-laden Overseas Shipholding, better known by its earlier ticker symbol OSG, filed for bankruptcy protection last November as questions about its financial statements shut it out of credit markets. The bankruptcy filing sent companies that lease ships to OSG, including Capital Product, Wilbur Ross-backed Diamond S Shipping and DHT Holdings Inc, scrambling to find alternative customers.
