Capital Product Partners buys three boxships

   Capital Product Partners L.P., an Athens-based company whose securities are listed on NASDAQ, said it had acquired three 5,023-TEU containerships — the CCNI Angol, Hyundai Privilege and Hyundai Platinum — from its sponsor, Capital Maritime & Trading Corp., for an aggregate price of $195 million.
   Each of the three ships was built in 2013 at Hyundai Heavy Industries and are employed under a 12-year time charter to Hyundai Merchant Marine at a gross rate of $29,350 per day. The charters commenced shortly after the delivery of the vessels during the first half of 2013.
   Capital Product Partners currently owns 30 vessels, including four Suezmax crude oil tankers, 18 medium-range product tankers, seven post panamax container vessels and one capesize bulk carrier. All of its vessels are under period charters to charterers such as BP Shipping,  OSG, Petrobras, A.P. Moller-Maersk, Hyundai Merchant Marine, Blue Marine Cargo, Subtec, Cosco Bulk Carrier Co., and Capital Maritime & Trading. – Chris Dupin

Chris Dupin

Chris Dupin has written about trade and transportation and other business subjects for a variety of publications before joining American Shipper and Freightwaves.