ATHENS: NASDAQ-listed Capital Product Partners (CPP) has taken delivery of a new panamax containership, which will commence a five-year timecharter to CMA CGM.
The Akadimos (9,288 teu) was delivered to CPP from the Romania’s Daewoo-Mangalia Heavy Industries shipyard on June 10 and will begin its timecharter to CMA CGM for $39,250 daily. The vessel is the first of three 9,160-teu ‘eco-flex’ containership newbuildings purchased in April from CPP’s sponsor, Capital Maritime & Trading Corp. The two other vessels will be delivered in August and November this year, and will also each commence five-year timecharters to CMA CGM.
Akadimos was purchased from the sponsor for $81.5m, which will be funded through a drawdown of $40.75m from CPP’s senior secured credit facility with ING Bank, as well as with available cash, including proceeds from previous equity offerings.
