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Capital Product Partners L.P. Announces Results of Its Annual Meeting of Limited Partners

Retrieved on: 
Tuesday, September 26, 2023
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ATHENS, Greece, Sept. 26, 2023 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (NASDAQ: CPLP) (the “Partnership”) today announced that it held its annual meeting of Limited Partners in Athens, Greece on September 22, 2023.

Key Points: 
  • ATHENS, Greece, Sept. 26, 2023 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (NASDAQ: CPLP) (the “Partnership”) today announced that it held its annual meeting of Limited Partners in Athens, Greece on September 22, 2023.
  • At that meeting:
    The appointment of Deloitte Certified Public Accountants S.A., as independent registered public accounting firm for the fiscal year ending December 31, 2023, was ratified (“Proposal Two”).
  • Proposal One was approved by 91.37% of the Partnership's common units entitled to vote and represented at the meeting (excluding common units owned by the Partnership's sponsor, Capital Maritime & Trading Corp. and its affiliates).
  • Proposal Two was approved by 98.96% of the Partnership's common units entitled to vote and represented at the meeting.

Capital Product Partners L.P. Announces First Quarter 2023 Financial Results

Retrieved on: 
Friday, May 5, 2023
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Net income for the quarter ended March 31, 2023, was $10.0 million, compared with net income of $25.1 million for the first quarter of 2022.

Key Points: 
  • Net income for the quarter ended March 31, 2023, was $10.0 million, compared with net income of $25.1 million for the first quarter of 2022.
  • Total revenue for the quarter ended March 31, 2023 was $81.0 million, compared to $73.4 million during the first quarter of 2022.
  • Total expenses for the quarter ended March 31, 2023 were $45.1 million, compared to $40.2 million in the first quarter of 2022.
  • Total vessel operating expenses during the first quarter of 2023 amounted to $19.3 million, compared to $16.7 million during the first quarter of 2022.

Capital Product Partners L.P. Announces the Successful Delivery of the LNG Carrier ‘Asterix I’

Retrieved on: 
Tuesday, February 21, 2023
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ATHENS, Greece, Feb. 21, 2023 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (NASDAQ:CPLP), an international owner of ocean going vessels, today announced the successful delivery of the LNG carrier (“LNG/C”) ‘Asterix I’.

Key Points: 
  • ATHENS, Greece, Feb. 21, 2023 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (NASDAQ:CPLP), an international owner of ocean going vessels, today announced the successful delivery of the LNG carrier (“LNG/C”) ‘Asterix I’.
  • The vessel was delivered on February 17, 2023 and has started her seven year employment with Hartree Partners Power & Gas Company (UK) Limited, who maintain an option to extend by an additional two years.
  • The vessel acquisition was financed through a combination of a $12.0 million cash deposit advanced to Capital Maritime & Trading Corp. (the “Seller”) in 2022, $184.0 million of debt drawn under a sale and leaseback transaction with CMB Financial Leasing (“CMBFL”) and $34.0 million of cash at hand.
  • The CMBFL lease has quarterly principal repayments of $2.2 million, a tenor of ten years and the option to repurchase the vessel at a predetermined price after the first anniversary of the arrangement, together with a purchase option of $96.5 million at the expiration of the lease in February 2033.

Capital Product Partners L.P. Announces Results of Its Annual Meeting of Limited Partners

Retrieved on: 
Monday, October 3, 2022
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ATHENS, Greece, Oct. 03, 2022 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (NASDAQ: CPLP) (the Partnership) today announced that it held its annual meeting of Limited Partners in Athens, Greece on September 22, 2022.

Key Points: 
  • ATHENS, Greece, Oct. 03, 2022 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (NASDAQ: CPLP) (the Partnership) today announced that it held its annual meeting of Limited Partners in Athens, Greece on September 22, 2022.
  • At that meeting:
    The appointment of Deloitte Certified Public Accountants S.A., as independent registered public accounting firm for the fiscal year ending December 31, 2022, was ratified (Proposal Three).
  • Proposal Three was approved by 98.87% of the Partnership's common units entitled to vote and represented at the meeting.
  • About Capital Product Partners L.P.
    Capital Product Partners L.P.(NASDAQ: CPLP), aMarshall Islandsmaster limited partnership, is an international owner of ocean-going vessels.

Capital Product Partners L.P. Announces the Acquisition of One LNG Carrier, the Acquisition of Three 13,278 TEU Container Vessels and the Sale of Two 8,266 TEU Container Vessels

Retrieved on: 
Tuesday, June 7, 2022
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These acquisitions are expected to generate approximately $73.4 million of annual gross revenue over the firm period of the charters.

Key Points: 
  • These acquisitions are expected to generate approximately $73.4 million of annual gross revenue over the firm period of the charters.
  • The issuance of common units to the Seller will occur upon the delivery of the first vessel, the M/V Manzanillo Express.
  • About Capital Product Partners L.P.
    Capital Product Partners L.P. (NASDAQ: CPLP), a Marshall Islands master limited partnership, is an international owner of ocean-going vessels.
  • CPLP currently owns 21 vessels, including six latest generation LNG carriers, eleven Neo-Panamax container vessels, three Panamax container vessels and one Capesize bulk carrier.

Capital Product Partners L.P. Announces Fourth Quarter 2021 Financial Results

Retrieved on: 
Wednesday, February 2, 2022
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Total vessel operating expenses during the fourth quarter of 2021 amounted to $14.9 million, compared to $10.3 million during the fourth quarter of 2020.

Key Points: 
  • Total vessel operating expenses during the fourth quarter of 2021 amounted to $14.9 million, compared to $10.3 million during the fourth quarter of 2020.
  • Total expenses for the fourth quarter of 2021 also included vessel depreciation and amortization of $14.8 million, compared to $10.7 million in the fourth quarter of 2020.
  • General and administrative expenses for the fourth quarter of 2021 amounted to $2.7 million, compared to $1.8 million in the fourth quarter of 2020.
  • About Capital Product Partners L.P.
    Capital Product Partners L.P. (NASDAQ: CPLP), a Marshall Islands master limited partnership, is an international owner of ocean-going vessels.

Capital Product Partners L.P. Announces Results of Its Annual Meeting of Limited Partners

Retrieved on: 
Tuesday, September 28, 2021
Like a Boss (film), CPLP, GLOBE, NASDAQ, Panamax, Capesize, Partnership, Yam Seng Pte Ltd v International Trade Corp Ltd, Security (finance)

ATHENS, Greece, Sept. 28, 2021 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (NASDAQ: CPLP) (the Partnership) today announced that it held its annual meeting of Limited Partners in Athens, Greece on September 23, 2021.

Key Points: 
  • ATHENS, Greece, Sept. 28, 2021 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (NASDAQ: CPLP) (the Partnership) today announced that it held its annual meeting of Limited Partners in Athens, Greece on September 23, 2021.
  • At that meeting:
    The appointment of Deloitte Certified Public Accountants S.A., as independent registered public accounting firm for the fiscal year ending December 31, 2021, was ratified (Proposal Three).
  • Proposal Three was approved by 98.59% of the Partnership's common units entitled to vote and represented at the meeting.
  • About Capital Product Partners L.P.
    Capital Product Partners L.P.(NASDAQ: CPLP), aMarshall Islandsmaster limited partnership, is an international owner of ocean-going vessels.

Capital Product Partners L.P. Announces the Acquisition of Three Latest Generation LNG Carriers

Retrieved on: 
Tuesday, August 31, 2021
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BP holds additional options, which could extend the charter of the vessels to October 2032 and December 2032, respectively.

Key Points: 
  • BP holds additional options, which could extend the charter of the vessels to October 2032 and December 2032, respectively.
  • The LNG/C Aristarchos is under a long-term time charter with Cheniere Marketing International LLP (Cheniere), which expires in February 2025.
  • Capital Product Partners management will host a conference call on Wednesday, September 1, 2021 at 8:30 am ET to discuss the transaction.
  • About Capital Product Partners L.P.
    Capital Product Partners L.P. (NASDAQ: CPLP), a Marshall Islands master limited partnership, is an international owner of ocean-going vessels.