Capital Product Partners announces the Delivery of CMA CGM Magdalena

(Image Courtesy: Capital Product Partners)

Capital Product Partners L.P. announced that the M/V ‘CMA CGM Magdalena’ (115,639 dwt / 9,288 TEU, Eco-Flex, Wide Beam Containership built 2016, Daewoo-Mangalia Heavy Industries S.Α.) was delivered to its new owners.

The sale generated proceeds of approximately $49.2 million after repaying outstanding debt, the company stated.

The Partnership previously announced that had entered into a memorandum of agreement for the sale of the M/V ‘CMA CGM Magdalena’ and the M/V ‘Adonis’ (115,145 dwt / 9,288 TEU, Eco-Flex, Wide Beam Containership built 2015, Daewoo-Mangalia Heavy Industries S.Α.) expected to be delivered in July/August 2021 to an unaffiliated third party for a total consideration of $195.0 million.

Capital Product Partners L.P. (NASDAQ: CPLP), a Marshall Islands master limited partnership, is an international owner of ocean-going vessels. CPLP currently owns 16 vessels, including twelve Neo-Panamax container vessels, three Panamax container vessels and one Capesize bulk carrier.

Sea News, May 18

Baibhav Mishra
Author: Baibhav Mishra

Associate Editor, Sea News