Crowded market dents profits at Capital Product Partners
Capital Product Partners, the Nasdaq-listed partnership sponsored by Evangelos Marinakis' Capital Shipping & Trading, has unveiled a slew of new medium-range tanker charters to Petrobras in its second-quarter results. The diversified company, bolstered by exposure to the containership market, remained well in profit for the period but could not entirely evade the impact of soft market conditions for its tanker business
Capital Product Has posted a dip in profit as tankers endure softer market. Elsewhere, relatively healthy charterer interest in period deals for medium range tankers means that seven units have been fixed to Petrobras for two years
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