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home / news releases / CPLP - Capital Product Partners to buy four vessels for combined $597M


CPLP - Capital Product Partners to buy four vessels for combined $597M

Capital Product Partners (NASDAQ:CPLP) said Tuesday it agreed to acquire one 174K cm latest generation X-DF liquefied natural gas carrier and three 13,278 TEU hybrid scrubber-fitted latest generation eco container vessels from Capital Maritime and Trading Corp. for a combined $597.5M. The LNG carrier currently is under construction by Hyundai Heavy Industries and is expected to be delivered to Capital Product Partners (CPLP) in January 2023 upon its delivery from the shipyard. The three eco container vessels are under construction by Hyundai Samho Industries and scheduled for delivery to the partnership in October 2022, January 2023 and May 2023. All four vessels have long-term charters attached, which Capital Product Partners (CPLP) expects will generate ~$73.4M of annual gross revenue over the firm period of the charters. The company also agreed to sell two 8,266 TEU container vessels to an unnamed buyer for $130M. Capital Product Partners (CPLP) recently reported Q1

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Capital Product Partners to buy four vessels for combined $597M
Stock Information

Company Name: Capital Product Partners L.P.
Stock Symbol: CPLP
Market: NASDAQ
Website: capitalpplp.com

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