• 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 April 19

19:00 Okskaya Sudoverf launches lead shallow-draft tank barge of Project ROB20, Belmax 1 (photo)
18:05 Vroon's MPI Napoleon commences Baltic-Sea charter
17:05 Diana Shipping announces continuation of time charter contract and a new time charter contract with Cargill
16:39 Admiralteiskie Verfi and Roshydromet sign contract for designing and construction of North Pole ice-resistant platform (photo, graphics)
16:05 CMA CGM to apply GRI from Canada to Asia, the Middle East and the Indian Subcontinent
15:15 MEYER WERFT announces delivery of cruise ship Norwegian Bliss
14:33 Maersk delivers new block train solution on Standard Gauge Railway
14:11 Global bunker market: the state of volatility remains, expert says
14:03 Samskip starts new service from Poland, Lithuania and Norway
13:20 Bibby Offshore becomes the first to deploy a pioneering diving safety system in the North Sea
13:17 Damen Dredging Equipment launches new DOP Dredger Series
13:11 Draft rules for collection of port investment due is available for public discussion (document)
12:52 Wärtsilä to provide optimised maintenance for a complete fuel gas handling system for Viking
12:08 6th Forum of Intermodal Transport FRACHT 2018 held in Gdańsk on 11-12 April
11:13 Port of Rotterdam: growth in container throughput continues in first quarter
10:49 Port of Riga introduces new cargo handling technologies
10:15 Experts forecast Russia's LNG exports to make 33 to 62 million tonnes by 2030
09:52 Brent Crude futures price up 0.6% to $73.92, Light Sweet Crude – up 0.55% to $68.85
09:34 Baltic Dry Index up to 1,124 points
09:24 APM Terminals launches integrated cold chain solutions in India
09:17 Bunker prices show no significant changes at the Far East ports of Russia (graph)

2018 April 18

18:26 Engine room fire on board Finlandia Seaways quickly under control
18:05 Ports of Long Beach and Los Angeles offer seed money to foster the development of new goods-movement technologies that improve air quality
17:47 Port of Rotterdam Authority launches new Pronto application
17:25 CMA CGM implements FAK rates from East Mediterranean ports to Gulf and Red Sea
16:55 Royal IHC announces successful launching of BONNY RIVER in China
16:16 RZD Logistics and Fenix will develop transit cargo transportation via port Bronka (photo)
16:05 Jumbo names new offshore vessel Stella Synergy
15:28 Samskip brings Rotterdam into Nor Lines' flexible LNG-powered service network
15:05 CMA CGM implements GRR from Asia to West Africa
15:02 Baltiysky Zavod shipyard tested mooring facilities of Akademik Lomonosov FPU (photo)
14:59 Port of Long Beach container cargo volumes swell 14 percent in March 2018
13:37 Kazmortransflot LLP takes delivery of final Damen Shoalbuster 2709 for Caspian Sea operations
13:08 Commercial Sea Port of Ust-Luga purchased Liebherr crane as part of Yug-2 terminal modernization (photo)
12:35 Crowley completes acquisition of three SeaRiver tankers
11:47 Major ASW ships Severomorsk and Vice Admiral Kulakov practise search for submarine in Barents Sea
11:19 USC: Import substitution and localization in shipbuilding is hindered by undeveloped service offer
10:50 Russia and Japan ink MoC on mutual recognition of seafarers’ diplomas (photo)
10:25 Brent Crude futures price up 0.54% to $71.97, Light Sweet Crude – up 0.51% to $66.86
10:09 FLEX LNG LTD signs one year time-charter with Enel
09:48 CMA CGM welcomes IMO's decision to reduce by 50% the industry’s CO2 emissions in 2050
09:33 Bunker prices are flat at the Port of Saint-Petersburg, Russia (graph)
09:14 Baltic Dry Index up to 1,052 points

2018 April 17

18:06 Management of Azerbaijan Caspian Shipping Company met with seafarers of the Company’s Offshore Fleet
17:57 RF Navy's major landing ship Minsk visits Lisbon port
17:35 For the first time, more than 30 ports certified with EcoPorts PERS environmental standard
17:05 MAN Diesel & Turbo wins major container vessel order
16:35 Konecranes Gottwald Mobile Harbor Crane for Italian multi-purpose terminal
16:30 Port of Antwerp freight volume up 7.1% to 58,328,678 tonnes in Q1 2018
16:20 Reconstruction and modernization of Yug-2 terminal at the port of Ust-Luga to increase its annual capacity to 20 million tonnes by 2020
16:05 The world’s largest plug-in hybrid ship begins to take form
15:24 Rolls-Royce to supply innovative autocrossing system and propellers to 13 new ferries
15:05 DNV GL launches alternative fuels white paper
14:13 Inland container shipping sector consultations facilitated by Port of Rotterdam Authority yield tangible results
13:20 The Panama Canal “adrift” due to safety concerns
12:58 Authorities and researchers to seek solutions to Arctic navigation
12:15 PowerCell’s fuel cell technology will make vessels emission-free
12:02 Bunker prices are flat at the Far East ports of Russia (graph)
11:44 Wan Hai Lines to launch Indonesia to Singapore / Malaysia service
11:31 HII awarded contract for DDG 51-Class follow yard services