ATHENS, GREECE - December 10, 2014 - Capital Product Partners L.P. ( "CPLP") (NASDAQ: CPLP), announced that Mr. Evangelos Marinakis, the Chairman of the Board of Directors of Capital Product Partners L.P., who is also Chief Executive Officer of Capital Maritime & Trading Corp., was selected as Lloyd's List's "Greek Shipping Newsmaker of the Year" for 2014.
Mr. Marinakis was commended for completing a major round of tanker and containership investments, strengthening Capital Product Partners, introducing IMO sustainable shipping principles to its technical arm, Capital Ship Management Corp., and entering into politics as a councilman for Piraeus, aiming to promote the city as an international shipping center and cruise hub.
The award was presented at the annual "Lloyd's List Greek Shipping Awards" ceremony at the Intercontinental Hotel in Athens, Greece on December 5, 2014. It is the second time that Mr. Marinakis received this distinction since 2010.
Nigel Lowry from Lloyd's List commented: "There were a number of good candidates, but Evangelos Marinakis came top in our view for ticking so many boxes. He has made news this year both in and out of shipping. He has inked more than $1.1bn of shipping investments since 2013 and this year strengthened Nasdaq-listed Capital Product Partners with more containerships and tankers, whilst putting in place a pipeline for further growth. Capital Ship Management became one of the very first companies accredited against the IMO's sustainable shipping principles, and it launched a joint project with LR and Daewoo to examine using LNG as a fuel. Beyond shipping, Mr. Marinakis has somehow found time to get into politics as a councilman and together with new mayor Yannis Moralis he has pledged to promote Piraeus as an international business center and a cruise hub."
About Capital Product Partners L.P.
Capital Product Partners L.P. (NASDAQ: CPLP), a Marshall Islands master limited partnership, is an international owner of modern tanker, container and drybulk vessels. The Partnership currently owns 30 vessels, including four Suezmax crude oil tankers, 18 modern MR (Medium Range) product tankers, seven Post Panamax container vessels and one Capesize bulk carrier. All of its vessels are under period charters to BP Shipping Limited, Overseas Shipholding Group Inc., A.P. Moller-Maersk A.S., Hyundai Merchant Marine Co. Ltd., CSSA S.A. (Total S.A.), Engen Petroleum, Subtec S.A. de C.V., Cosco Bulk Carrier Co. Ltd. and Capital Maritime.
For more information about the Partnership, please visit our website: www.capitalpplp.com.
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Petros Christodoulou, CEO and CFO
+30 (210) 4584 950
Capital Maritime & Trading Corp.
Jerry Kalogiratos, Finance Director
+30 (210) 4584 950
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