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: May 10, 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.
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.
(the
“Partnership”), dated May 10, 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: May
10, 2007
Exhibit
I
CAPITAL
PRODUCT PARTNERS L.P. ANNOUNCES SUCCESSFUL
DELIVERY
OF ITS NINTH PRODUCT TANKER
Athens,
Greece — May 10, 2007 — Capital Product Partners L.P. (NASDAQ: CPLP)
announced today that it took successful delivery of its ninth medium range
(MR)
product tanker, M/T Atrotos, from Hyundai Mipo Dockyard Ltd., a Korean shipyard,
on May 8, 2007. M/T Atrotos, an ice strengthened vessel (Ice Class 1A), has
a
carrying capacity of 47,786 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
Atrotos is the first out of seven additional MR product tankers that Capital
Product Partners L.P. has agreed to purchase from Capital Maritime & Trading
Corp. The remaining six MR product tankers will be comprised of three
Ice Class 1A sister vessels that are scheduled for delivery in 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), a Marshall Islands master limited
partnership, is an international owner of medium-range product tankers.
Following the delivery of the M/T Atrotos on May 8, 2007, Capital Product
Partners L.P. owns nine MR Ice Class 1A product tankers and has an agreement
to
purchase six 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
Tom
Pratt
RF|Binder
Partners Inc.
+1
(212)
994-7563
Tom.pratt@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