Capital Product Partners welcomes LNG carrier duo

New York-listed Capital Product Partners said it has taken delivery of two new 174,000-cbm liquefied natural gas (LNG) carriers.

CPLP said in a statement on Friday the 2021-built LNG carriers Attalos and Asklipios have joined its growing fleet of such vessels.

Constructed by South Korea’s Hyundai Heavy Industries, the X-DF LNG carriers will work for BP and Cheniere under previously agreed charter deals.

The partnership revealed earlier this month it had exercised an option to buy three more X-DF LNG carriers, following a recent deal for an LNG carrier trio with CGC Operating Corp.

Besides Attalos and Asklipios, it bought the 174,000-cbm Adamastos as well. This vessel will serve a charter with Engie.

CPLP paid $623 million for these three LNG carriers. This includes aggregate contracted gross revenues of about $429 million and an average daily gross rate of about $71,650 per day.

It bought the first three 174,000-cbm vessels, namely Aristos I, Aristarchos, and Aristidis I, for $599.5 million.

The parent company of CGC is beneficially owned 50 percent by a US-based financial sponsor and 50 percent by Miltiadis Marinakis, who is also the ultimate controlling person of all membership interests of the partnership’s general partner, according to CPLP.

Additional LNG carriers

Evangelos Marinakis-led Capital Gas, the manager of all of these LNG carriers above, recently took delivery of the sixth out of nine LNG carriers on order in South Korea.

Capital Gas will take delivery of three more LNG newbuilds in 2023.

The first seven LNG carriers feature WinGD’s X-DF engines and GTT’s Mark III Flex containment system but also an air lubrication system and increased filling limits.

Also, two new LNG tankers ordered this year will feature ME-GA engines, according to Capital Gas.

CPLP also previously said it had obtained from Capital Maritime & Trading Corp. a right of first offer on these three LNG carriers scheduled for delivery in 2023.

Moreover, shipbuilding sources recently told LNG Prime that Capital Gas has recently ordered three new LNG carriers.

KSOE revealed this order in two separate filings to the stock exchange, but it did not name the owner.

With this new shipbuilding deal, the Greek company’s fleet would rise to 12 vessels.

- Advertisements -

Most Popular

Golden Pass LNG contractor Zachry files for bankruptcy

US construction company Zachry said on Tuesday it has filed for bankruptcy, initiating a structured exit from the Golden...

Kinder Morgan secures more time for Gulf LNG export project

US energy company Kinder Morgan and its partners have secured more time from the US FERC to add liquefaction...

Hoegh LNG: commissioning of Brazilian FSRU completed

Commissioning of the FSRU Hoegh Giant which serves Cosan's LNG import terminal in Brazil's port of Santos has been...

More News Like This

Capital Product Partners welcomes newbuild LNG carrier to its fleet

New York-listed Capital Product Partners has taken delivery of a newbuild liquefied natural gas (LNG) carrier from South Korea’s...

Yoda buys stake in Capital Product Partners

Cyprus-based Yoda has purchased a stake from Evangelos Marinakis-led Capital Maritime & Trading in New York-listed LNG carrier owner...

Capital Product Partners completes $3.1 billion LNG carrier deal

New York-listed Capital Product Partners has completed the previously announced umbrella agreement to buy 11 LNG carriers from its...

Capital Product Partners to buy 11 LNG carriers for $3.1 billion

New York-listed Capital Product Partners has entered into an umbrella agreement to buy 11 LNG carriers from its sponsor...