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Capital Product Partners' new 9,288-TEUer wins CMA CGM contract

NASDAQ-LISTED Capital Product Partners (CPP) has taken delivery of a new panamax containership, which will commence a five-year timecharter for French shipping giant CMA CGM.

The 9,288-TEU Akadimos 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 US$39,250 daily, reports IHS Maritime 360.



The Akadimos was purchased from the sponsor for $81.5 million, which will be funded through a drawdown of $40.75 million from CPP's senior secured credit facility with ING Bank.
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