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Investor Relations

Company Overview

We are an international owner of product/crude 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 eighteen double-hull tankers, with an average age of approximately 3.6 years (as of January, 2010). Our ten Ice Class 1A MR chemical/product tankers represent one of the largest such fleets in the world.

At the time of our IPO, in April 2007, we owned eight newly built Ice Class 1A Medium Range (MR) chemical/product tankers. Since the IPO, we have taken delivery of seven additional pre-contracted MR product tankers, four of which were sister vessels to our initial fleet.

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 159,000 dwt crude oil Suezmax tanker 'Amore Mio II'.

In April 2009 we extended the Partnership's charter coverage and renewed our fleet following two separate transactions with Capital Maritime, our sponsor. Specifically, we swapped two of our 47,000 dwt MR product tankers with early charter expiries, 'Assos' and 'Atrotos', with two 51,000 dtw younger, high specification, sister chemical/product tankers, 'Agamemnon II' and 'Ayrton II', both under a 3 year time charter to BP Shipping. As a result, our charter coverage for 2010 is approximately 67%, thus increasing our revenue predictability and strengthening our cash flows.

Currently most of our vessels are chartered under medium to long-term time charters or bareboat charters with an average remaining term of approximately 3.8 years, as of January, 2010) to BP Shipping Limited, Morgan Stanley Capital Group, Overseas Shipholding Group, Shell International Trading & Shipping Company Ltd. and our sponsor, Capital Maritime & Trading Corp.. 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 a subsidiary of Capital Maritime (that provides, for a fixed daily fee, management for five years per vessel from delivery and 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 us. We benefit from our sponsor's prominent position in the shipping market, its relationships with oil majors and its cost-effective fleet management.

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). For more information on Capital Product Partners L.P. please see our Annual Report (on Form 20F).