Greek bulk shipowner Capital Products Partners has made its debut in the container market by swapping two oil tankers for a couple of container vessels.
The Nasdaq-listed firm traded two 2010-built very-large crude carriers for 2006- and 2007-built 7,943 20-foot-equivalent unit container vessels owned by Capital Maritime & Trading, a private Greek shipping company.
Both box ships are on charter to Maersk Line at a gross daily rate of $34,000, with the earliest deliveries in August and November 2015, respectively. The Danish carrier has the option to extend the charters for four years at between $30,500 and $32,000 a day.
“The partnership’s diversification into the container market with the addition of these two 8,000-TEU container vessels provides longer-term cash flow visibility and exposure to a segment with attractive long-term fundamentals,” said Ioannis Lazaridis, Capital Products Partners CEO.
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