Capital Product Partners LP (CPLP), the growing liquefied natural gas and energy shipping assets owner, has taken delivery of the newbuild LNG carrier, “Asterix I” and chartered it to a UK-based company.
CPLP said that the vessel has started seven years of employment with Hartree Partners Power & Gas Company (UK) Limited, who maintain an option to extend by an additional two years.
Hartree Partners is a London-based energy supplier and is also involved in trading and marketing volumes to the National Grid.
The owner of “Astrix 1” is a Greek company listed on the Nasdaq global exchange as well as being a master limited partnership in the Marshall Islands.
The LNG vessels sail under the Capital Gas banner and the experienced CPLP executive leadership comprises Chief Executive Gerasimos (Jerry) Kalogiratos, Chief Financial Officer Nikolaos Kalapotharakos and Chief Commercial Officer Spyridon Leousis.
The “Asterix I” vessel is the seventh latest-generation of LNG carriers for CPLP and has 174,000 cubic metres capacity.
Fleet
CPLP currently owns 22 vessels, including the seven LNG carriers as well as 11 Neo-Panamax container vessels, three Panamax container vessels and one Capesize bulk carrier.
This excludes one 13,312 TEU container vessel that CPLP has agreed to acquire and is expected to be delivered in the second quarter of 2023
CPLP signed an agreement in June 2022 to acquire one 174,000 cubic metres capacity latest-generation X-DF LNG carrier and three 13,312 twenty-foot equivalent units (TEU) containerships with hybrid scrubber-fitted Tier III and Phase III as well as being dual fuel-ready.
CPLP in its most recent earnings posted on February 3, 2023, reported full year net profits of $21.1 million, an increase of 13 percent on the $18.6M of net earnings from 2021.
The company's annual revenues came to $79.9M versus $63.6M in the previous year.
The increase in revenue was primarily attributable to the contributions of the four LNG carriers acquired during the fourth quarter of 2021 and operating for the full period and an increase in the daily rate earned by the LNG vessels “Aristarchos” and “Asklipios” from September 2022.
