Capital Product Partners kept its quarterly profit stable as it revealed three new charter agreements.
The tanker and boxship owner reported second-quarter profit of $14.9m, a small improvement compared to $14.1m at the same period of 2015.
Capital Product reported revenue of $60.9m against $54.5m, while its results were in line with the analysts’ estimates.
Jerry Kalogiratos, chief executive of Capital Product, said: “While the demand fundamentals for tankers, and especially product tankers, remain solid on the back of refinery capacity relocation, increased tonne-miles and the low oil price environment, the increased supply of tanker vessels has recently weighed on spot earnings as well as on the tanker period market.
“However,
