Firm Seals $3.1b Deal For 11 LNG Carriers

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A maritime firm, Shipowner Capital Product Partners has sealed  agreement for  the acquisition of 11 newbuild Liquefied Natural Gas (LNG) carrier vessels worth $3.1billion.

 World Maritime News report that each vessel boasts a substantial capacity of 174,000 cbm and is either built or under construction at Hyundai Heavy Industries Co., and Hyundai Samho Heavy Industries Co. Ltd., South Korea.

Already, a deposit of 10% of the aggregate acquisition price, totaling $174.4 million, has been paid to Capital Maritime, with the remainder set to be settled upon delivery, reaching a cumulative $1,569.6 million.

Simultaneously, the acquisition of 100% equity interests in the vessel-owning companies of the LNG carriers Alcaios I, Antaios I, Athlos, and Archon has been concluded.

 An aggregate purchase price of $138.1 million was paid for these vessels, and the partnership has assumed the obligations of the respective shipbuilding contracts with Hyundai, with an additional $909.9 million expected in pre-delivery and delivery installments.

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