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 21, 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 21, 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
21, 2007
Exhibit
I
CAPITAL
PRODUCT PARTNERS L.P. ANNOUNCES SUCCESSFUL DELIVERY OF M/T
“APOSTOLOS”
ATHENS,
Greece, September 21 -- Capital Product Partners L.P. (Nasdaq: CPLP) announced
today that it took successful delivery of its eleventh medium range (MR)
product
tanker, M/T “Apostolos”, from Hyundai Mipo Dockyard Ltd., a Korean shipyard, on
September 20, 2007.
M/T
“Apostolos”, an ice strengthened vessel (Ice Class 1A), has a carrying capacity
of 47,782 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 vessel’s
purchase price of $56 million was fully funded through a drawdown on the
existing revolving credit facility.
The
M/T
“Apostolos” is the third out of seven additional MR product tankers that Capital
Product Partners L.P. has agreed to purchase from Capital Maritime & Trading
Corp. As recently announced, the fourth, M/T “Anemos I”, is also
expected to be delivered ahead of schedule, on September 28, 2007. 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 acquisition of MT “Anemos I” due for delivery on September 28 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
Jerry
Kalogiratos
Commercial
Officer
Capital
Maritime & Trading Corp.
+30
(210)
4584 950
j.kalogiratos@capitalmaritime.com