DSSI - Capital Product Partners: Major Dropdown And Refinancing Set For Dividend Increases
Image Credit: Capital Product Partners Homepage
Capital Product Partners Overview
Capital Product Partners LP (CPLP) is an income-focused shipping company with primary exposure to 10 containerships on long-term contracts along with a sole Capesize bulker fixed until Q3-2020. The dry bulk vessel is non-core and I expect that it will be sold off during 2020.
CPLP is ahead of the curve for IMO 2020 compliance and they unveiled a plan last year, with shipyard options secured, to install scrubbers on their entire core fleet. This summer, CPLP further improved their coverage by fixing