Whoa! Quite an interesting pair of transactions here. CPLP has a deal with Maersk, lookslike a sale=and-leaseback, for two 7943-TEU Containerships, each with slightly less-than4 years of charter coverage. As payment, CPLP is offering sponsor, CMTC two 2010-built VLCCs.There's also a separate charter extension deal for an unrelated vesselhttp://finance.yahoo.com/news/capital-product-partners-l-p-1...Is this a good deal for CPLP? Obviously, the nearly 4-year charters on each containership helpswith the revenue visibility. But how is Maersk being compensated? Are they getting the VLCCs as trade/payment? If so, that seems to negate the effect of the deal. Ifthe fixed-term length of contracts was 6-8 years, then it might have evened out. Perhaps, there's more stuff e.g. debtload adjustment, that's not mentioned.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra