ASC - Capital Product Partners: What's Going On Here?!
CPLP & Transaction Overview
Capital Product Partners LP (CPLP) is a shipping holding company specializing in vessels with medium and long-term charter contracts, primarily in the product tanker and container sectors. CPLP was forced to cut their distribution in 2016 due to rapidly weakening product tanker markets and bank demands for high amortization.
They eventually stabilized but have failed to curry market favor, held back by 2.5 years of brutal product tanker rates and a steeper amortization curve on their debt facility. Although operating performance has been strong and the GP has done