Independent journal on economy and transport policy
12:07 GMT+1
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Capital Product Partners ended the second quarter with a net profit of US 8.7 million US dollars, or 10.5%
Weakening of the container rental market over the period
August 3, 2020
In the first half of 2020, CPP reported revenues of 70.3 million dollars, an increase of 29.5% on the first half last year. Operating profit was 25.1 million dollars (up 6.3%) net profit of 15.3 million U.S. dollars compared to a net loss of -131.5 million dollars in the first six months of 2019 (result, the latter, which includes a loss 146.7 million from ceased operations: in March In fact, CPP has exited the tanker sector forming a specific joint venture with DDS Shipping, 28 November 2018).
Commenting on the results of the second quarter of this year and impact of the Covid-19 pandemic on activity the CEO of the Capital Product Partners, Jerry Kalogiratos, explained that, as expected, the the market for the rental of the carriers has recorded a significantly weakened during the period and pointed out that however, since May there has been increased interest from shipping companies for renting at higher rates high levels of high-capacity post-Panamax ships.
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In the first half of 2020, CPP reported revenues of 70.3 million dollars, an increase of 29.5% on the first half last year. Operating profit was 25.1 million dollars (up 6.3%) net profit of 15.3 million U.S. dollars compared to a net loss of -131.5 million dollars in the first six months of 2019 (result, the latter, which includes a loss 146.7 million from ceased operations: in March In fact, CPP has exited the tanker sector forming a specific joint venture with DDS Shipping, 
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
