CPLP: Safely Powering Ahead Diversified shipping MLP with high specification, modern fleet of 30 vessels including 18 product tankers, 4 suezmax tankers, 7 containers and 1 capesize dry bulk vessel all with period employment. 9…
Modern, High Specification Fleet Fleet List & Charterers Fleet Profile by Vessel Type Vessel Name DWT / TEU Charterer Year Built Type Of Vessel ATLANTAS 36,760 2006, S. Korea Ice Class 1A IMO II/III Chemical/ Product AKTORAS 36,759…
Diversified Across Different Shipping Segments MR2 & MR1 Product Tankers 13 Ice Class 1A IMO II/III Chemical/Product Tankers 5 IMO II/III Chemical/Product Tankers 49 % 42 % Average Fleet Age Of 8.3 Years 49% Of 2013A Revenues…
1A. Changing Trade Patterns Favoring Tankers Seaborne Crude Oil Imports (Mb/d) Fast growing crude oil demand from 6.0 China Asia, particularly China and India, India driving suezmax demand. 5.0 Continued growth on long-haul crude…
1B. Leading to Strong Recovery for Suezmax Tankers /Day 1 & 3 Year Suezmax T/C Rates Suezmax spot earnings YTD have 34,000 1 Year Suezmax T/C Rate increased by 65% compared to FY 32,000 3 Year Suezmax T/C Rate 2013. 30,000 28,000…
1C. U.S. Product Exports & Refinery Capacity Dislocation Benefiting Product Tankers U.S. Exports of Total Petroleum Products (kbpd) Increased U.S. oil production has seen 3,750 product exports rise significantly, 3,500 increasing…
1D. Leading to Strengthening Product Period Market /Day 1 & 3 Year MR2 Time Charter Rates vs. CPLP MR2 Average T/C Rate The MR period product tanker market 17,000 has strengthened considerably over the 1 Yr T/C MR2 Rate last two…
2. Strong Charter Coverage With Attractive Rates and Profit Share Arrangements Charter Profile Expiry of Current Charters Rates Commentary Vessel type Gross Profit Jan-14 Sep-14 Jun-15 Feb-16 Nov-16 Jul-17 Apr-18 Dec-18 Sep-19…
3A. Strong Balance Sheet ( in Thousands) As of As of September 30, 2014 December 31, 2013 ASSETS Total Current Assets 170,037 73,732 Total Fixed Assets 1,200,935 1,176,819 Other Non-Current Assets 137,861 151,221 Total Assets…
3B. Fully Funded CAPEX Committed Vessels Vessel Scheduled Acquisition Gross Rate Type Capacity Yard Charterer Duration Name Delivery Price (per day) Eco-Flex, Wide Akadimos 9,160 TEU Jun-15 Daewoo 81.5m CMA-CGM 39,250 5 Years Beam…
4. Healthy Growth Opportunities Optional Vessels (CPLP Holds Right Of First Refusal) Vessel Name Type Capacity Scheduled Delivery Yard Amor 50,000 Dwt Sep-2015 Samsung Athlos 50,000 Dwt Jan-2016 Samsung Alkaios Eco IMO II/III…
5. Strong Sponsor Committed To The Partnership CMTC underlines its support to the partnership: CMTC and Mr. Marinakis, our Chairman, control 19.6% of the Partnerships common units. CMTC converted 4,048,484 Class B preferred units…
6. Sustainable Distribution With Strong Growth Potential 9 Month 2014 Total Unit Coverage: 1.15x Solid growth in revenues from improving product & crude tanker fundamentals. High average remaining charter duration for our…
APPENDIX
Statements of Comprehensive Income / (Loss) ( In Thousands) For the Three- Month Period For the Three- Month Period Ended Ended September 30, 2014 September 30, 2013 Revenues 29,156 29,084 Revenues related party 19,015 13,658 Total…
Operating Surplus For Calculation Of Unit Distribution ( In Thousands) For the Three-Month For the Three-Month Period Ended Period Ended September 30, 2014 June 30, 2014 Net income 11,269 7,816 Adjustments to net income…
Period Employment Update Earliest Charter Name DWT Built Gross Rate (Per Day) Charterer Expiry M/T Miltiadis M II 162,397 2006 Increase by 4,815 April 2015 M/T Alkiviadis 36,721 2006 14,125 September 2015 M/T Avax 47,834…
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