Greek owner Capital Product Partners (CPLP) unveiled on Wednesday that has sealed a deal for the sale of three 10,000 teu container vessels, the M/V Athos, the M/V Aristomenis and the M/V Athenian, built in 2011 at Samsung Heavy Industries, South Korea.

The delivery of the vessels to the buyer is expected in April 2024.

On November 13, 2023, as part of the transformative acquisition of 11 newbuild LNG carriers for $3.1 billion, the Greek company announced its focus on LNG carriers and energy transition shipping, and its intention to divest from non-core container vessels.

With the recently completed sale of the M/V Akadimos (115,534 dwt / 9,300 teu, eco-flex, wide beam container vessel, built in 2015 at Daewoo-Mangalia Heavy Industries S.Α., Romania), which was delivered to its new owners on March 8, 2024, CPLP has completed the sale of two container vessels.

The Nasdaq-listed owner has also agreed to sell two Panamax container vessels and three Neo-Panamax container vessels.

Total expected gross cash proceeds from the sale of the seven container vessels are estimated at approximately $272.5 million or $182.5m after repaying outstanding debt.

It’s worth noting that Capital Product Partners currently owns 22 high specification vessels, including nine latest generation LNG/Cs, 11 Neo-Panamax container vessels and two Panamax container vessels.

CPLP has agreed to sell two Panamax container vessels and three Neo-Panamax container vessels by the second quarter of 2024. In addition, CPLP has agreed to acquire nine additional latest generation LNG/Cs delivering between the second quarter of 2024 and the first quarter of 2027.