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: SEPTEMBER 17, 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):
Yes o No
x
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):
Yes o No
x
Indicate
by check mark whether the registrant by furnishing the information contained
in
this Form is also thereby furnishing the information to the Commission
pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes o No
x
If
“yes”
is marked, indicate below this file number assigned to the registrant in
connection with Rule 12g3-2(b): N/A
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 September 17, 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.
|
CAPITAL
PRODUCT PARTNERS L.P.,
|
|
|
By:
|
Capital
GP L.L.C., its general partner
|
| /s/ Ioannis E. Lazaridis | |
|
Name: Ioannis
E. Lazaridis
|
|
|
Title: Chief
Executive Officer and Chief Financial Officer
of
Capital GP L.L.C.
|
|
Dated: September
17, 2007
Exhibit
I
CAPITAL
PRODUCT PARTNERS L.P. ANNOUNCES EARLIER THAN
ANTICIPATED
DELIVERY DATES FOR ITS ELEVENTH AND TWELFTH
MR
PRODUCT TANKERS
ATHENS,
Greece, September 17 -- Capital Product Partners L.P. (Nasdaq: CPLP - News)
announced today that the deliveries of its eleventh and twelfth medium
range
(MR) product tankers, M/T “Apostolos” and M/T “Anemos I”, from Hyundai Mipo
Dockyard Ltd., a Korean shipyard, have been confirmed, ahead of the anticipated
time of delivery, for September 20 and September 28, 2007,
respectively.
M/T
“Apostolos” and M/T “Anemos I” are ice strengthened vessels (Ice Class 1A) and
have carrying capacities of 47,782 dwt and 47,823 dwt, respectively. Both
vessels are capable of carrying a range of refined oil products, chemicals
(including ethanol and biodiesel feedstock), and crude oil worldwide. Both
M/T
“Apostolos” and M/T “Anemos I” have been fixed under time charters 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 purchase price for the two vessels of $56 million each will
be fully funded through a drawdown on the existing revolving credit
facility.
The
M/T
“Apostolos” and M/T “Anemos I” are the third and fourth out of seven additional
MR product tankers that Capital Product Partners L.P. has agreed to purchase
from Capital Maritime & Trading Corp. The remaining three product tankers
will be 51,000 dwt MR chemical/product tanker sister vessels that are scheduled
for delivery in January, June and August 2008, all of which will be under
bareboat charters commencing at the time of delivery.
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 acquisitions of M/T “Apostolos” and MT “Anemos I” and the recently
announced intended acquisition of M/T “Attikos”, Capital Product Partners L.P.
will own thirteen product tankers, including twelve Ice Class 1A MR tankers,
and
has an agreement to purchase three additional product tankers from Capital
Maritime & Trading Corp. All sixteen vessels are under medium to long-term
charters to BP Shipping Limited, Morgan Stanley, Overseas Shipholding Group
and
Trafigura Beheer B.V.
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.
CPLP-G
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