Capital Product Partners Announces Further Expansion With $756M Investment In Liquid CO2 And LPG-Ammonia Carriers With Expected Deliveries Between Q1 Of 2026 And Q3 Of 2027
Portfolio Pulse from Benzinga Newsdesk
Capital Product Partners L.P. (NASDAQ:CPLP) announces a $756 million investment in 10 new gas carriers, including dual fuel and liquid CO2 carriers, with deliveries expected between Q1 2026 and Q3 2027. This strategic expansion aims to enhance their gas transportation capabilities, focusing on energy transition.
June 03, 2024 | 1:07 pm
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Capital Product Partners L.P. (CPLP) is investing $756 million in 10 new gas carriers, including dual fuel and liquid CO2 carriers, with deliveries expected between Q1 2026 and Q3 2027. This strategic move aims to enhance their gas transportation capabilities and focus on energy transition.
The significant investment in new gas carriers indicates a strategic expansion and commitment to energy transition, which is likely to be viewed positively by investors. The long-term nature of the deliveries (2026-2027) suggests a forward-looking growth strategy.
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