Greek owner Capital Product Partners (CPLP) unveiled on Friday the sale of a boxship, as it transforms itself into a pure LNG carrier player.

The owner announced in its fourth-quarter results that it agreed in December to sell the 5,100-teu Long Beach Express, 68,618 dwt, built in 2008 in Hanjin Heavy Industries & Construction in South Korea, to undisclosed buyers. No price was revealed.

The delivery of the containership to the new buyer is expected within the first quarter of 2024.

CPLP plans to explore the disposal of its container vessels and, as the company reveals, will abstain from acquiring additional container vessels.

Last month the company took delivery of the LNG/C Axios II. The vessel has a fixture of one-year time charter, which will be followed by a seven-year bareboat charter with Bonny Gas Transport Limited (BGT). BGT maintains an option to extend the charter by an additional three years.

At the end of the year 2023 Capital also added to its fleet portfolio the LNG/C vessel Amore Mio I.

The ship started its three-year employment with Qatar Energy Trading.

The shipowner after the sale of its containership moves to become a pure LNG carrier player.

CPLP currently owns 24 high specification vessels, including nine latest generation LNG/Cs, 12 neo-panamax container vessels and three panamax container vessels.

However, as Shipping Telegraph reported on December 22, the shipowner closed the umbrella agreement from November 2023, and is moving forward with the $3.13 billion acquisition of 11 newbuild LNG carrier vessels.

CPLP entered into the umbrella agreement with Capital Maritime & Trading Corp. and Capital GP on November 13, providing for the acquisition of 11 newbuild liquefied LNG carriers.

Upon the closing of the umbrella agreement, CPLP entered into 11 share purchase agreements to acquire 100% of the equity interests in each vessel-owning company.