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Investor Relations

Company Profile

We are an international owner of product tankers, formed by Capital Maritime & Trading Corp., an international shipping company with a long history of operating and investing in the shipping market.

Our fleet currently consists of 17 vessels. At the time of our IPO, in April 2007, we owned eight newly built Ice Class 1A Medium Range (MR) chemical/product tankers. After the IPO, we took delivery of six additional pre-contracted MR product tankers, four of which were sister vessels to our initial fleet. Our 12 virtually new Ice Class 1A MR chemical/product tankers represent one of the largest such fleets in the world.

Furthermore, we have completed three additional acquisitions, not contracted at the time of the IPO. We established our presence in the promising small tanker segment by acquiring from our sponsor two 12,000 dwt product tankers in September 2007 and April 2008 respectively. In March 2008, we acquired the 160,000 dwt crude oil tanker 'Amore Mio II'.

We expect one additional pre-contracted vessel delivery of a 51,000 dwt IMO II /III MR chemical/product tanker, scheduled for August 2008. Excluding further acquisitions, we expect our fleet to consist of 18 double-hull tankers as of August 2008, with an average age of approximately 2.5 years, compared to an average age in the product tanker industry of about 10 years.

Currently our vessels are chartered under medium to long-term time charters or bareboat charters (two to ten years, with an average remaining term of approximately 5.3 years as of April 2008) to BP Shipping Limited, Morgan Stanley Capital Group, Overseas Shipholding Group, Shell International Trading & Shipping Company Ltd. and Trafigura Beheer B.V. We believe that we have a base of stable cash flows, given the combination of the medium to long-term nature of our charters (which provide for the receipt of a fixed base fee for the life of the charter) and our management agreement with Capital Maritime (which provides for a fixed management fee for five years per vessel from delivery, which includes the next scheduled drydocking or special survey of the vessels).

In addition, all but two of our current time charters contain 50/50 profit sharing provisions that allow us to realize additional revenues when spot rates are higher than the base rates incorporated in our charters or in some instances through greater utilization of our vessels by our charterers.

Our sponsor, Capital Maritime & Trading Corp. is a long-established, diversified shipping group based in Greece, which currently owns a 46.6% stake in CPLP. We benefit from our sponsor's prominent position in the shipping market, its relationships with oil majors, its extensive newbuilding program and its cost-effective fleet management.

Our growth potential is enhanced through the contracted acquisitions we have agreed with our sponsor and our sound financial position, which allows us to substantially grow the size of our fleet. We intend to continue to take advantage of our unique relationship with our sponsor and capitalize on any future drop-down opportunities in a prudent manner, when we believe they will be accretive to unit holders and long term distribution growth.

A publicly traded master limited partnership, we have elected to be treated as a C-Corp. for tax purposes (our investors receive the standard 1099 form and not a K-1 form).