CPLP: Successful Delivery of LNG Carrier ‘Asterix I’

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Capital Product Partners L.P., an international owner of ocean going vessels, 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.

Asterix I is the seventh latest generation LNG/C of the Partnership and the third vessel the Partnership takes delivery under an agreement to acquire one 174,000 cbm latest generation X-DF LNG/C and three 13,312 TEU hybrid scrubber-fitted Tier III and Phase III, dual fuel ready eco container sister vessels from the Seller, announced on June 7, 2022.

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