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Basis of Presentation and General Information
 12 Months Ended
Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Basis of Presentation and General Information

1. Basis of Presentation and General Information

 

Capital Product Partners, L.P. was formed on January 16, 2007, under the laws of the Marshall Islands. Capital Product Partners, L.P. and its fully owned subsidiaries (collectively the “Partnership”) is an international shipping company. As of December 31, 2022, its fleet of 20 high specification vessels consisted of 10 Neo-Panamax container carrier vessels, three Panamax container carrier vessels, one Cape-size bulk carrier vessel and six X-DF Liquefied natural gas carrier (“LNG/C”) vessels. Its vessels are capable of carrying a wide range of cargoes including liquefied natural gas, containerized goods and dry bulk cargo under short-term voyage charters and medium to long-term time charters.

 

CPLP Shipping Holdings PLC

 

On August 14, 2021, the Partnership established CPLP Shipping Holdings PLC (“CPLP PLC”) a 100% subsidiary of the Partnership. CPLP PLC was established in Cyprus as a public limited liability company in accordance with the provisions of the Companies Law of Cyprus, Chapter 113. On July 22, 2022 and October 20, 2021, the Partnership, through its fully owned subsidiary, CPLP PLC, issued two unsecured bonds of €100,000,000 (the “2022 Bonds”) and €150,000,000 (the “2021 Bonds”) on the Athens Stock Exchange respectively. The 2022 Bonds and the 2021 Bonds are guaranteed by the Partnership, will mature in July 2029 and October 2026 and have a coupon payable semi-annually of 4.40% and 2.65% respectively (Note 7).

 

 

1. Basis of Presentation and General Information - Continued

 

As of December 31, 2022, the consolidated financial statements include Capital Product Partners, L.P. and the following wholly owned significant subsidiaries which were all incorporated or formed under the laws of the Marshall Islands, Liberia or Cyprus. 

Subsidiary

Date of Incorporation

Name of Vessel Owned by

Subsidiary

Deadweight

(“DWT”)

Date acquired

by the

Partnership

 Date acquired by Capital Maritime & Trading Corp. (“CMTC”) or CGC Operating Corp. (“CGC”)
Capital Product Operating LLC 01/16/2007 — — — —
CPLP Shipping Holdings PLC 08/14/2021 — — — —
CPLP Gas Operating Corp. 08/24/2021 — — — —
Patroklos Marine Corp. 06/17/2008 M/V Cape Agamemnon 179,221 06/09/2011 01/25/2011
Agamemnon Container Carrier Corp. 04/19/2012 M/V Agamemnon (1) 108,892 12/22/2012 06/28/2012
Archimidis Container Carrier Corp. 04/19/2012 M/V Archimidis (1) 108,892 12/22/2012 06/22/2012
Anax Container Carrier S.A. 04/08/2011 M/V Hyundai Prestige 63,010 09/11/2013 02/19/2013
Hercules Container Carrier S.A. 04/08/2011 M/V Hyundai Premium 63,010 03/20/2013 03/11/2013
Iason Container Carrier S.A. 04/08/2011 M/V Hyundai Paramount 63,010 03/27/2013 03/27/2013
Thiseas Container Carrier S.A. 04/08/2011 M/V Hyundai Privilege 63,010 09/11/2013 05/31/2013
Cronus Container Carrier S.A. 07/19/2011 M/V Hyundai Platinum 63,010 09/11/2013 06/14/2013
Dias Container Carrier S.A. 05/16/2013 M/V Akadimos (ex CMA CGM Amazon) 115,534 06/10/2015 06/10/2015
Poseidon Container Carrier S.A. 05/16/2013 M/V Adonis (ex CMA CGM Uruguay) (2) 115,639 09/18/2015 09/18/2015
Atrotos Container Carrier S.A. 10/25/2013

M/V CMA CGM Magdalena (2)

 115,639 02/26/2016 02/26/2016
Deka Container Carrier S.A. 03/28/2017 M/V Athenian 118,834 01/22/2020 04/28/2017
Jupiter Container Carrier S.A. 03/28/2017 M/V Athos 118,888 01/23/2020 05/19/2017
Nikitis Container Carrier S.A. 03/28/2017 M/V Aristomenis 118,712 01/23/2020 06/27/2017
Neos Container Carriers Corp. 09/04/2020 M/V Long Beach Express (3) 68,618 02/25/2021 01/07/2021
Maistros Container Carriers Corp. 09/04/2020 M/V Seattle Express (3) 68,411 02/25/2021 01/07/2021
Filos Container Carriers Corp. 09/04/2020 M/V Fos Express (3) 68,579 02/25/2021 01/07/2021
Panormos Container Carrier S.A. 12/17/2020 M/V Manzanillo Express (4) 142,411 10/12/2022 10/12/2022
Assos Gas Carrier Corp. 07/16/2018 LNG/C Aristos I (3) 81,978 09/03/2021 11/12/2020
Dias Gas Carrier Corp. 07/16/2018 LNG/C Aristarchos (3) 81,956 09/03/2021 06/15/2021
Atrotos Gas Carrier Corp. 07/16/2018 LNG/C Aristidis I (3) 81,898 12/16/2021 01/04/2021
Poseidon Gas Carrier Corp. 07/16/2018 LNG/C Attalos (3) 81,850 11/18/2021 08/13/2021
Maximus Gas Carrier Corp. 04/10/2019 LNG/C Asklipios (3) 81,882 11/18/2021 09/29/2021
Kronos Gas Carrier Corp. 02/04/2019 LNG/C Adamastos (3) 82,095 11/29/2021 08/23/2021

 

(1) Vessels were disposed in 2022
(2) Vessels were disposed in 2021
(3) Vessels were acquired in 2021
(4) Vessel was acquired in 2022