Capital Product Partners announced that it has entered into a memorandum of agreement for the sale of M/V Akadimos. Delivery to the buyer is expected within March 2024. The Partnership has also entered into a memorandum of agreement for the en bloc sale of sister vessels M/V Fos Express and M/V Seattle Express. Delivery to the buyer is expected by April 2024. Including the recently announced sale of M/V Long Beach Express, which was delivered to its new owners on February 26th 2024, the Partnership expects gross cash proceeds, after repaying outstanding debt, of approximately $81.0 million.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on CPLP:
- Capital Product Partners L.P. Announces the Sale of One 9,300 TEU and Two 5,100 TEU Container Vessels
- Capital Product Partners downgraded to Hold from Buy at Jefferies
- Capital Product Partners price target raised to $24 from $19 at B. Riley
- Capital Product Partners L.P. Announces Fourth Quarter 2023 Financial Results
- Capital Product Partners reports Q4 EPS 61c vs $1.03 last year
