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Capital Product Partners L.P.

Capital Product Partners L.P. (Nasdaq: CPLP) is an international shipping company and leader in the seaborne transportation of oil, refined oil products and chemicals. A publicly traded master limited partnership, we have elected to be treated as a C-Corp. for tax purposes (our investors receive the standard 1099 form and not a K-1 form).We are well-positioned to benefit from the long-term growth dynamics of the product and crude oil tanker industries worldwide, and our fleet is fully compliant with all current regulatory requirements.Our fleet currently consists of twenty-five high specification vessels: two VLCCs (Very Large Crude Carriers), four Suezmax crude oil tankers, 18 modern MR tankers, all of which are classed as IMO II/III vessels, and one Capesize bulk carrier, with an average age of approximately 4.1 years (as of 31 March, 2012).Our vessels are chartered under medium- to long-term, fixed-rate time and bareboat charters with strong counterparties such as BP Shipping Limited, COSCO, Overseas Shipholding Group, PEMEX, Petrobras, and our Sponsor, Capital Maritime & Trading Corp. Our charters have an average remaining term of 5.0 years (as of 31 March, 2012), with staggered expirations, in order to take advantage of the improving tanker market fundamentals.Our Sponsor, Capital Maritime & Trading Corp., is a long-established, diversified shipping group, which, together with our Chairman, currently owns a 32.1% stake in us. We benefit from our Sponsor's prominent position in the shipping market, its relationships with oil majors and its cost-effective fleet management.On September 30, 2011, we completed our merger with Crude Carriers Corp. ("Crude") (NYSE:CRU), whereby we agreed to merge with Crude in a unit-for-share transaction. This transaction strengthened our balance sheet, while increasing our financial flexibility, and laying a solid basis for distribution growth going forward. In addition to being one of the largest listed maritime Partnerships on the U.S public markets we now also operate one of the youngest tanker fleets in the industry.On January 31, 2012, our Management reiterated its commitment towards the Partnership's annual distribution guidance of $0.93, paid equally over 4 quarters. On January 23, 2012, our Board of Directors declared a cash distribution of $0.2325 per unit for the fourth quarter of 2011. The annualized yield of the units as of March 31 is ca. 11.5%.

Address      Nicolas Bornozis, President Capital Link, Inc. 230 Park Avenue - Suite 1536 New York, NY 10160, USA
Website      www.capitalpplp.com/
Holding      No Holding Details

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