• 2018 January 12 18:06

    Capital Product Partners L.P. announces acquisition of Aframax M/T ‘Aristaios'

    Capital Product Partners L.P. has announced that its Board of Directors has approved the acquisition of the eco-type crude tanker ‘Aristaios' (112,800 dwt, Ice Class 1C, built 2017, Daehan Shipbuilding Co. Ltd., S. Korea) for a total consideration of $52.5 million from the Partnership's sponsor, Capital Maritime & Trading Corp. (‘Capital Maritime').

    The M/T ‘Aristaios' is currently employed under a time charter to Tesoro Far East Maritime Company (‘Tesoro') at a gross daily rate of $26,400. The Tesoro charter commenced in January 2017 with duration of five years +/- 45 days. The Partnership intends to fund the acquisition through available cash in the amount of $24.2 million and the assumption of a $28.3 million term loan under a credit facility previously arranged by Capital Maritime with Credit Agricole Corporate and Investment Bank and ING Bank NV, as mandated lead arrangers and book-runners.

    The term loan bears interest at LIBOR plus a margin of 2.85% and is payable in twelve consecutive semi-annual installments of approximately $1.0 million beginning in July 2018, plus a balloon payment payable together with the last semi-annual installment due in January 2024.

    The purchase of the M/T ‘Aristaios' was entered into on an arm's length basis and was reviewed and unanimously approved by the conflicts committee of our Board of Directors and our entire Board of Directors.

    About Capital Product Partners L.P.
    Capital Product Partners L.P., a Marshall Islands master limited partnership, is an international owner of tanker, container and drybulk vessels. The Partnership currently owns 36 vessels, including twenty-one modern MR (Medium Range) product tankers, four Suezmax crude oil tankers, ten Neo Panamax container vessels and one Capesize bulk carrier. Its vessels trade predominantly under period charters to CMA-CGM S.A., Cosco Bulk Carrier Co. Ltd., CSSA S.A. (Total S.A.), Empresa Publica Flota Petrolera Ecuatoriana EP Flopec, Hyundai Merchant Marine Co. Ltd., International Seaways, Inc., Pacific International Lines (Pte) Ltd., Petróleo Brasileiro S.A., Repsol Trading S.A., and Capital Maritime & Trading Corp.




2018 January 22

17:19 Port of Tallinn announces auction for equipment and structures of coal terminal in Muuga Harbor
17:05 ESPO supports more efficient but responsible management of waste from ships
16:50 Throughput of port Primorsk in 2017 down 11% Y-o-Y to 57.60 mln t
16:35 DP World and National Investment and Infrastructure Fund (Niif) Partner to create platform for investments in ports, transportation and logistics sector
16:21 Rosmorport’s icebreakers assisted 269 vessels at seaports of Russia this winter navigation season
16:05 Port of Rotterdam Authority puts hybrid vessel into operation
16:00 Throughput of port Ust-Luga up 11% to 103.29 mln t in 2017
15:34 Maritime engineering firm Intermarine UK opens new facility at Portland Port, Dorset
15:08 Boskalis supports V Forum of Dredging Companies as its Sponsor
15:04 CMA CGM announces FAK rates from Gulf ports to North Europe and the Mediterranean
14:47 Damen signs contract with Canada’s Group Ocean for two Modular Multi Cats
14:26 Throughput of Big Port St. Petersburg up 10% to 53.64 mln t in 2017
13:59 Four vessels escorted by icebreakers in eastern part of Gulf of Finland during 24 hours on Jan 21-22
13:35 Average wholesale prices for М-100 HFO down to RUB 12,946 in RF spot market
13:12 Freight turnover of Neva-Metal (Saint-Petersburg) in 2017 was flat Y-o-Y at 3.1 mln t
12:47 Kalinka Shipping congratulates North-Western Shipping Company on its 95th anniversary!
12:24 Baltic Dry Index up to 1,125 points
12:00 “K” Line announces delivery of 14000-TEU containership “MILANO BRIDGE”
11:36 Okskaya shipyard lays down the fourth oil barge of Project ROB20 for Paula Rise (photo)
11:13 Cargo traffic on Russia’s IWW in 2017 up 0.5% Y-o-Y to 118.6 mln t (photo)
11:00 “K” Line announces delivery of ‘Corona’ Series coal carrier “CORONA WISDOM”
10:25 Brent Crude futures price up 0.29% to $68.81, Light Sweet Crude – up 0.22% to $63.45
10:11 Suez Canal revenues up with a rate of 250 million dollars
10:02 Container throughput of port Hong Kong (China) up 4.8% to 20.75 mln TEUs in 2017
09:40 Bunker sales at the port of Singapore in 2017 up 4.1% Y-o-Y to 50.64 mln t (table)
09:19 Port of Singapore January-December volumes grow 5.5% to 626.17 million tonnes

2018 January 21

10:34 Piraeus Port Authority SA obtains Certificate for the Managing Adequacy System
10:31 CMA CGM increases Ocean Carrier ISPS Surcharge by USD 13 per container for all trades

2018 January 20

10:28 Sanmar's tug arrives in Naples to enter service with Rimochitori Napolitani
09:55 World’s second largest ship registry prepares for continued success in 2018
07:43 Golden Ocean announces issuance of new shares in connection with delivery of vessel
06:41 Cheniere and Trafigura sign 15-year LNG sale and purchase agreement

2018 January 19

18:20 Name giving ceremony held in Novorossiysk for three Damen tugboats of Delo Service Company (photo)
18:06 British Ports Association responds to UK Government announcement on extra funding for border security in the Channel
17:56 ABP South Wales Ports see strong growth in 2017
17:33 Taganrog Commercial Seaport plans allocation of $4.2 mln for implementation of its 2018 development programme
17:06 BPO lunch debate in European Parliament
16:50 Nevsky Shipyard congratulates North-Western Shipping Company on its 95th anniversary!
16:32 LSC Shipmanagement increases its fleet with bitumen tanker
16:27 Azerbaijan Caspian Shipping Company undertakes measures to prevent environmental pollution
16:04 Rolls-Royce supplies MTU engines to equipment manufacturer Terex Cranes for two new Demag models
15:34 Northwest Seaport Alliance international container volumes up 4 percent in 2017
15:03 MSC adds new RO-RO service from NWC to West Africa
14:55 Russian Maritime Register of Shipping reviewes the Rules and Guidelines
14:33 “K” Line announces delivery of ‘Corona’ series coal carrier “CORONA WISDOM”
14:17 Jan De Nul supports V Forum of Dredging Companies as its Sponsor
14:03 Maersk Line announces FAK rates from Asia to West Coast of Central and South America, Mexico, Panama and Caribbean
13:32 Gulf Navigation adds “Gulf Mishref” and “Gulf Mirdif” to its fleet
13:16 CMA CGM announces THC in Kaliningrad, Russia
12:51 Second Vroon W2W vessel completes modifications and outfitting at Damen Shiprepair Oranjewerf
12:45 Port of Antwerp scores 5th record year in a row
12:14 NIBULON starts the second stage of the Southern Buh river dredging
11:51 Bunker prices show no significant changes at the port of Novorossiysk, Russia (graph)
11:28 Nine vessels escorted by icebreakers in eastern part of Gulf of Finland during 24 hours on Jan 18-19
11:03 Freeport of Riga Authority set to enter new markets in 2018
10:40 Russian seaports of the Azov Sea handled 87.8 mln t of cargo in 2017, up 24.7% Y-o-Y
10:17 Brent Crude futures price down 1.01% to $68.61, Light Sweet Crude – down 1.22% to $63.17
09:56 Bunker prices are flat at the Port of Saint-Petersburg, Russia (graph)
09:32 Royal IHC supports Hydraulic Engineering Structures and Dredging Congress as its Sponsor
09:15 Baltic Dry Index down to 1,139 points