Capital Product Partners has added a medium-range (MR) products tanker from its sponsor as it reported a third quarter result in line with expectations.
The Nasdaq-listed company has acquired the 49,999-dwt Amor (built 2015) from Capital Maritime & Trading Corp for $32.8m with a Cargill charter attached at a daily rate of $17,500.
Capital Product funded part of the deal with proceeds from the sale of the Hyundai Merchant Marine (HMM) equity compensation.
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