Capital Product Partners has reported a smaller-than-expected decline in fourth-quarter profit as the shipowner weathered the twin blows of low products tanker and containership rates.
The New York-listed company reported its latest result as it announced two yearlong tanker charter deals with its sponsor and main shareholder, Evangelos Marinakis-led Capital Maritime, which also agreed to cut management fees.
Capital Product booked net income of $13.7m
