US-listed Capital Product Partners has offloaded three more containerships as it works towards becoming an LNG carrier pure-play.
The Evangelos Marinakis-controlled diversified owner is selling the 2015-built 9,300 teu Akadimos and the 2008-built 5,100 teu sister vessels Fos Express and Seattle Express.
In November last year, Capital Product Partners announced plans to buy 11 LNG carriers from Marinakis’ fleet for $3.13bn. The move is expected to see the partnership move away from the container segment after also exiting the dry bulk sector in July of the same year.
The boxship sell-off campaign kicked off in December when the company agreed to sell the 2008-built 5,100 teu Long Beach Express for delivery within the first quarter of 2024. The latest sales should be completed in March and April, and all four ships are expected to bring in about $81m after repaying outstanding debt.
Capital Product Partners currently owns nine LNG carriers and 14 boxships, including those agreed for sale, and has nine more LNG units to be delivered between the second quarter of 2024 and the first quarter of 2027.
