End of an error? Capital Maritime’s move away from MLP is just shipping’s latest exit

Evangelos Marinakis’ Capital Product Partners is waging an important transformation into a pure-play owner of LNG carriers, a transition that will require the disposal of a 15-strong fleet of container ships.

But accompanying the high-profile inflow and outflow of vessels is a subtler segue: Capital is dumping the master limited partnership (MLP) model it has embraced since its outset in favour of becoming a traditional “C Corporation”.