UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
____________________
FORM
6-K
REPORT
OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR
15-d16
OF THE SECURITIES EXCHANGE ACT OF 1934
DATE
OF REPORT: JULY 20, 2007
Commission
File Number 001-33373
____________________
CAPITAL
PRODUCT PARTNERS L.P.
(Translation
of registrant’s name into English)
____________________
3
IASSONOS STREET
PIRAEUS,
18537 GREECE
(address
of principal executive offices)
____________________
Indicate
by
check
mark whether the registrant files or will file annual reports under cover of
Form 20-F or Form 40-F.
Form
20-F x Form
40-F o
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1):
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(7):
Item
1 – Information Contained in this Form 6-K Report
Attached
as Exhibit I is a copy of a press release of Capital Product Partners L.P.,
dated July 13, 2007.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
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CAPITAL
PRODUCT PARTNERS L.P.,
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By:
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Capital
GP L.L.C., its general partner
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/s/
Ioannis E. Lazaridis
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Name: Ioannis
E. Lazaridis
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Title: Chief
Executive Officer and Chief Financial Officer of Capital GP
L.L.C.
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Dated: July
20, 2007
Exhibit
I
CAPITAL
PRODUCT PARTNERS L.P. ANNOUNCES
SUCCESSFUL DELIVERY OF ITS TENTH
PRODUCT
TANKER
ATHENS,
Greece, --
Capital Product Partners L.P. (Nasdaq: CPLP - News) announced today that
it took
successful delivery of its tenth medium range (MR) product tanker, M/T
“Akeraios”, from Hyundai Mipo Dockyard Ltd., a Korean shipyard, on July 13,
2007. M/T “Akeraios”, an ice strengthened vessel (Ice Class 1A), has a carrying
capacity of 47,781 dwt and is capable of carrying a range of refined oil
products, chemicals (including ethanol and biodiesel feedstock), and crude
oil
worldwide. The vessel has been fixed under a time charter with Morgan Stanley
Capital Group Inc. for three years at a base rate of $20,000 per day, subject
to
a profit sharing arrangement which allows each party to share, at a 50/50
percentage, additional revenues when spot rates are higher than the base
rate.
The
M/T “Akeraios”
is the second out of seven additional MR product tankers that Capital Product
Partners L.P. has agreed to purchase from Capital Maritime & Trading Corp.
The remaining five MR product tankers will be comprised of two Ice Class
1A
sister vessels that are scheduled for delivery in October 2007 and three
MR
product tanker sister vessels that are scheduled for delivery in 2008, all
of
which will be under time or bareboat charters commencing at the time of
delivery. The vessel's purchase price of $56 million will be fully funded
through a drawdown on the existing revolving credit facility.
About
Capital
Product Partners L.P.
Capital
Product
Partners L.P. (Nasdaq: CPLP - News), a Marshall Islands master limited
partnership, is an international owner of medium-range product tankers.
Following the delivery of the M/T Akeraios on July 13, 2007, Capital Product
Partners L.P. owns ten MR Ice Class 1A product tankers and has an agreement
to
purchase five additional product tankers from Capital Maritime & Trading
Corp. All fifteen vessels are under medium to long-term charters to BP Shipping
Limited, Morgan Stanley, and Overseas Shipholding Group Inc.
Forward-Looking
Statements
The
statements in
this press release that are not historical facts may be forward-looking
statements (as such term is defined in Section 21E of the Securities Exchange
Act of 1934, as amended). These forward-looking statements involve risks
and
uncertainties that could cause the outcome to be materially different. Capital
Product Partners L.P. expressly disclaims any obligation to update or revise
any
of these forward-looking statements, whether because of future events, new
information, a change in our views or expectations, or otherwise. We make
no
prediction or statement about the performance of our common units.
Contacts:
Robert
Ferris
RF|Binder
Partners
Inc.
+1
(212)
994-7505
Robert.ferris@rfbinder.com
Ioannis
Lazaridis
Chief
Executive
Officer and Chief Financial Officer
Capital
GP
L.L.C.
+30
(210) 4584
950
i.lazaridis@capitalpplp.com
Jerry
Kalogiratos
Commercial
Officer
Capital
Maritime
& Trading Corp.
+30
(210) 4584
950
j.kalogiratos@capitalmaritime.com