Capital Product Partners L.P. (Nasdaq: CPLP) is an international shipping company engaged in the seaborne transportation of natural gas, containerized goods and dry cargo. As a publicly traded master limited partnership, CPLP has elected to be treated as a C-Corp. for tax purposes which is most beneficial for U.S. investors (as they receive the standard 1099 form). The Partnership is well-positioned to benefit from the long-term growth dynamics of the global shipping industry and to capitalize on potential acquisition opportunities in the fragmented shipping market.
The Partnership acquired six 174,000 cubic meter (“CBM”) latest generation X-DF LNG carriers in the second half of 2021 for total consideration of $1.2 billion with long- term time charter employment in place with BP Gas Marketing Limited, Cheniere Marketing International LLP and Engie Energy Marketing Singapore Pte Ltd. The seventh 174,000 CBM latest generation X-DF LNG/C the Partnership acquired was delivered in February 2023 and is on long-term charter to Hartree Partners Power & Gas Company (UK) Limited.
ATHENS, Greece , Nov. 27, 2023 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (the “Partnership”, “CPLP”, or “we”/ “us”) (NASDAQ:CPLP) today announced that it has commenced its previously announced rights offering to raise proceeds of up to $500,000,000 ...Read More
Highlights: 11 latest generation two stroke LNG Carriers to enter CPLP’s fleet from 2023 to 2027, which would make the Partnership the largest US publicly listed owner of two stroke LNG carriers 1 Name change to Capital New Energy Carriers L.P. to reflect focus on LNG carriers and energy transition..Read More