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Revealed by Jessica Casey,
Editor
LNG Business,
Capital Product Companions L.P. (CPLP), a world proprietor of ocean-going vessels, has efficiently taken supply of the LNG service Axios II.
Pursuant to the settlement to accumulate 11 LNG carriers supplied below the umbrella settlement entered into on 13 November 2023, the partnership took supply on 2 January 2024 of LNG service Axios II (174 000 m3, newest era, two stroke MEGA LNG service, constructed at Hyundai Heavy Industries Co., Ltd). The vessel commenced a one-year time constitution at a market-linked fee, which will likely be adopted by a seven-year bareboat constitution with Bonny Gasoline Transport Restricted, who preserve an choice to increase by an extra three years.
The vessel acquisition was financed with money from the stability sheet, a brand new senior secured mortgage facility led by ING Financial institution N.V. for an quantity of US$190 million payable in 28 equal quarterly instalments of US$2.5 million, along with a balloon fee of US$120 million payable along with the ultimate quarterly instalment in December 2030, and the deferral of US$92.6 million of the acquisition worth, in accordance with the vendor’s credit score settlement included within the umbrella settlement, maturing on 30 June 2027.
Axios II is the ninth newest era LNG service of the partnership and the second vessel supply of the fleet acquired below the umbrella settlement. The remaining 9 vessels are anticipated to be delivered between 2Q24 and 1Q27.
Learn the article on-line at: https://www.lngindustry.com/lng-shipping/08012024/capital-product-partners-lp-delivers-lng-carrier-axios-ii/
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