U.S. markets open in 1 hour 34 minutes
  • S&P Futures

    4,219.00
    +5.25 (+0.12%)
     
  • Dow Futures

    33,777.00
    +16.00 (+0.05%)
     
  • Nasdaq Futures

    14,172.50
    +42.50 (+0.30%)
     
  • Russell 2000 Futures

    2,278.20
    -2.70 (-0.12%)
     
  • Crude Oil

    73.15
    -0.51 (-0.69%)
     
  • Gold

    1,783.40
    +0.50 (+0.03%)
     
  • Silver

    26.02
    0.00 (0.00%)
     
  • EUR/USD

    1.1903
    -0.0021 (-0.18%)
     
  • 10-Yr Bond

    1.4840
    0.0000 (0.00%)
     
  • Vix

    17.51
    -3.19 (-15.41%)
     
  • GBP/USD

    1.3907
    -0.0026 (-0.19%)
     
  • USD/JPY

    110.5180
    +0.2200 (+0.20%)
     
  • BTC-USD

    31,369.47
    -1,197.54 (-3.68%)
     
  • CMC Crypto 200

    747.54
    -102.80 (-12.09%)
     
  • FTSE 100

    7,085.99
    +23.70 (+0.34%)
     
  • Nikkei 225

    28,884.13
    +873.20 (+3.12%)
     

Capital Product Partners L.P. Announces the Sale of Two 9,288 TEU Container Vessels

  • Oops!
    Something went wrong.
    Please try again later.
·2 min read
  • Oops!
    Something went wrong.
    Please try again later.

ATHENS, Greece, April 20, 2021 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (the “Partnership”, “CPLP” or “we” / “us”) (NASDAQ: CPLP), an international owner of ocean-going vessels, today announced the sale of two 9,288 TEU container vessels.

The Partnership has entered into a memorandum of agreement for the sale of the M/V 'CMA CGM Magdalena' (115,639 dwt / 9,288 TEU, Eco-Flex, Wide Beam Containership built 2016, Daewoo-Mangalia Heavy Industries S.Α.) and the M/V ‘Adonis' (115,145 dwt / 9,288 TEU, Eco-Flex, Wide Beam Containership built 2015, Daewoo-Mangalia Heavy Industries S.Α.) to an unaffiliated third party for a total consideration of $195.0 million. Delivery of the M/V 'CMA CGM Magdalena' and the M/V ‘Adonis' to their buyer is expected in May and July/August 2021, respectively. The carrying value of M/V ‘Adonis' and the M/V 'CMA CGM Magdalena' at the end of the first quarter of 2021 was $72.7 million and $71.7 million, respectively. The Partnership expects gross cash proceeds from the sale after repaying outstanding debt of approximately $97.6 million.

About Capital Product Partners L.P.

Capital Product Partners L.P. (NASDAQ: CPLP), a Marshall Islands master limited partnership, is an international owner of ocean-going vessels. CPLP currently owns 17 vessels, including thirteen Neo-Panamax container vessels, three Panamax container vessels and one Capesize bulk carrier.

For more information about the Partnership, please visit: www.capitalpplp.com.

CPLP-F

Contact Details:

Capital GP L.L.C.
Jerry Kalogiratos
CEO
Tel. +30 (210) 4584 950
E-mail: j.kalogiratos@capitalpplp.com

Capital GP L.L.C.
Nikos Kalapotharakos
CFO
Tel. +30 (210) 4584 950
E-mail: n.kalapotharakos@capitalmaritime.com

Investor Relations / Media
Nicolas Bornozis
Capital Link, Inc. (New York)
Tel. +1-212-661-7566
E-mail: cplp@capitallink.com

Source: Capital Product Partners L.P.