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  • uploads///Loss
    Miscellaneous

    Top MLP Losses in the Week Ending June 1

    Golar LNG Partners was the top MLP loss last week. Golar LNG Partners fell 24.1%. The company has lost 33.6% since the beginning of this year.

    By Kurt Gallon
  • uploads///Gains
    Basic Materials

    The Top MLP Gainers as of December 8

    CVR Partners, an MLP involved in nitrogen fertilizer production, was the biggest MLP gainer last week (ended December 8), rising 17.4% during the week.

    By Kurt Gallon
  • uploads///Loss
    Energy & Utilities

    Who Were the Top MLP Losers Last Week?

    Four of the top MLP losers last week were marine transportation MLPs, including GMLP, CPLP, KNOP, and NAP.

    By Kurt Gallon
  • uploads///Loss
    Energy & Utilities

    CSI Compressco Was the Top MLP Loser Last Week

    CSI Compressco (CCLP), the MLP mainly involved in natural gas compression, was the highest MLP loser in the week ending November 3, 2017.

    By Kurt Gallon
  • uploads///Loss
    Basic Materials

    The Biggest MLP Losses Last Week

    Sprague Resources (SRLP), which is involved in refined products and natural gas terminalling and marketing, recorded the biggest loss last week.

    By Kurt Gallon
  • uploads///distribution growth
    Macroeconomic Analysis

    Which MLPs Are Leading in Distribution Growth?

    MLPs’ distribution In this article, we’ll look at MLPs’ distribution growth for the latest quarter. Of 113 MLPs, 37 managed to grow their quarterly distribution based on 4Q16 earnings. Nearly 62 MLPs kept their distribution unchanged. This includes GPs (general partners) of limited partnerships and midstream C corporations. EQT GP Holdings (EQGP), Capital Product Partners […]

    By Kurt Gallon
  • uploads///Greece
    Macroeconomic Analysis

    Greece’s Mixed Bag: Industrial Production and Negative Inflation

    Industrial production remains an important gauge of economic activity. Greece’s IIP (industrial production index) rose 4.5% in August 2015 from August 2014.

    By Lara Sheldon
  • uploads///Marine
    Company & Industry Overviews

    What Drives Genesis Energy’s Marine Segment’s Performance?

    Genesis Energy’s Marine Transportation segment is involved in the marine transportation of crude oil and refined products.

    By Kurt Gallon
  • uploads///Article
    Earnings Report

    Very large crude carrier demand from Asia on the uptrend

    Led by economies of scale over long distances, crude is more likely to be shipped via very large crude carrier.

    By Katie Dale
  • uploads///Article
    Earnings Report

    Navios Maritime Acquisition fleet enjoys profitable charter rates

    A strong increase in tanker rates is allowing Navios Maritime Acquisition to secure attractive contract periods for its fleet of charters.

    By Katie Dale
  • uploads///Article
    Earnings Report

    Navios Maritime Acquisition: A balanced chartering strategy

    Navios Acquisition’s product tanker chartering strategy focuses on the upside potential by using profit sharing arrangements on most available days.

    By Katie Dale
  • uploads///Article
    Earnings Report

    Navios Maritime Acquisition profit sharing, cash, and dividends

    For the full-year 2015, Navios Maritime Acquisition expects to pay dividends of $15.7 million. A 4Q 2014 dividend of $0.05 per share will be paid in April.

    By Katie Dale
  • uploads///Article
    Earnings Report

    Oil price drop leads to higher very-large-crude-carrier rates

    As current fuel prices fall below log-time inflation, the adjusted average oil price leads to contango, and that drives VLCC rates higher.

    By Katie Dale
  • uploads///Article
    Earnings Report

    China’s oil consumption projected to keep fleet afloat

    Since January 2009, China’s oil imports have more than doubled, at a 16% compounded annual growth rate. It will need ~14 million barrels per day by 2035.

    By Katie Dale
  • uploads///Article
    Earnings Report

    Navios Maritime Acquisition: Earnings and fleet grow in 4Q14

    The operations of Navios Maritime Acquisition Corporation (NNA) are managed by Navios Tankers Management, a subsidiary of Navios Maritime Holdings (NM).

    By Katie Dale
  • uploads///Chart
    Energy & Utilities

    Navios Maritime Midstream: Analyst targets, management comments

    Angeliki Frangou, head of Navios Group, expects 2015 to be an uncertain period. Factors include anemic growth in Europe and deflationary fears in Japan.

    By Katie Dale
  • uploads///LPG
    Energy & Utilities

    Navios Maritime Midstream may enter LPG market

    The international LPG shipping market is volatile in profitability, charter rates, and vessel values, adversely affecting businesses during downturns.

    By Katie Dale
  • uploads///Chart spot rates
    Energy & Utilities

    Navios Maritime Midstream business strategies and risks

    Navios Maritime Midstream Partners seeks to continue growing and diversifying its fleet of owned and chartered-in vessels though strategic acquisitions.

    By Katie Dale
  • uploads///Chart
    Energy & Utilities

    Navios Maritime Midstream Partners: Company overview, fleet

    Since its listing on November 14, 2014, until January 16, 2015, Navios Maritime Midstream Partners recorded a 4.2% increase in its share price.

    By Katie Dale
  • Industrials

    New buyback program approved by Scorpio Tankers

    On July 28, 2014, the board of directors of Scorpio Tankers (STNG) approved a new stock buyback program with authorization to purchase up to $150 million of its common stock.

    By Katie Dale
  • Industrials

    Scorpio Tankers’ shares in Dorian to be registered for resale

    Dorian will be registering for resale, under the Securities Act of 1933 as amended, all the Dorian shares that Scorpio Tankers (STNG) owns. Scorpio Tankers currently owns approximately 9.4 million shares, or 16.3%, of Dorian.

    By Katie Dale
  • uploads///Newbuilds
    Industrials

    What are the benefits of Scorpio Tankers’ newbuilding program?

    Scorpio Tankers’ management believes that with the newbuilding program, the company over the summer finally turned the corner of having more ships on the water than vessels under construction at shipyards.

    By Katie Dale
  • uploads///Newbuilds
    Industrials

    Scorpio Tankers adopts a shift in charter mix

    For the third quarter of 2014, the charter hire expense increased $1.1 million to $32.9 million, from $31.9 million in the year ago quarter.

    By Katie Dale
  • Industrials

    NNA’s crude tankers and VLCC market fundamentals

    Navios Maritime Acquisition’s (NNA) management commented that for 2004–2013, transportation demand—expressed in ton miles—is expected to increase by ~77%.

    By Katie Dale
  • Energy & Utilities

    Navios Acquisition has a cash flow cushion from low breakeven

    For 2014, 99.4% of NNA’s fleet is contracted. It’s expected to have a contacted daily charter-out rate of $18,549 per day. For 2015, 56.9% of the fleet is contracted out.

    By Katie Dale
  • Industrials

    Navios Acquisition has a cautious financial strategy

    NNA’s senior notes mature at the end of 2021. There aren’t any debt maturities on bank debt until 2016. NNA estimates that leverage ratios will continue to decrease.

    By Katie Dale
  • Industrials

    Why NNA’s cash flow bridged after the NAP transaction

    As of September 30, 2014, cash and cash equivalents, including NNA’s restricted cash, totaled $72.3 million—compared to $107.8 million recorded as of December 31, 2013.

    By Katie Dale
  • Industrials

    Navios Acquisition’s positive revenue and net income

    With an expanding vessel base and increasing available days, NNA recorded a significant increase in revenue. The company’s bottom line generated profits.

    By Katie Dale
  • Energy & Utilities

    Ship Finance yields strong dividend payouts for investors

    At the end of the second quarter, Ship Finance reported more than $60 million of free cash—after the delivery of a Suezmax new building without leverage.

    By Katie Dale
  • Energy & Utilities

    Must-know: NNA’s global growth outlook

    Global growth Navios Maritime Acquisition’s (NNA) management cites the International Monetary Fund’s (or IMF) projected growth for 2014 and 2015 at 3.4%, and developing markets growth of 4.6% in 2014 and 5.2% in 2015. Meanwhile, the International Energy Association (or IEA) projects global oil demand growth to rise by 1 million barrels per day to […]

    By Katie Dale
  • Energy & Utilities

    Why the product tanker market is bright

    In the product tanker sector, demand for transportation expressed in terms of ton miles for the period 2004 to 2013 increased by almost 77%.

    By Katie Dale
  • Energy & Utilities

    Must-know: NNA’s balance sheet and management outlook

    At the end of the second quarter, Navios Maritime Acquisition’s (NNA) total assets amounted to $1.8 billion while total debt stood at $1,252 billion.

    By Katie Dale
  • Energy & Utilities

    Why NNA liquidity position supports company growth and dividends

    For the second quarter 2014, NNA’s board of directors declared a quarterly cash dividend of $0.05 per share on its common stock payable on October 2, 2014

    By Katie Dale
  • Energy & Utilities

    Must-know: NNA vessel deliveries enhance material growth

    In June 2014, NNA delivered the Nave Neutrino, a 2003-built VLCC (very large crude carrier) of 298,287 dwt (or deadweight tonage), for a purchase price of $43.5 million.

    By Katie Dale
  • Energy & Utilities

    Why NNA’s bottom line dipped due to one-time items

    In 2Q14, Navios Maritime Acquisition (NNA) increased its EBITDA (earnings before interest, tax, depreciation, and amortization) by $5.6 million.

    By Katie Dale
  • Energy & Utilities

    Must-know: Scorpio’s transformation to ECO vessels

    Scorpio’s product tankers are likely to deliver in 2014–2015, while new vessel orders would be available post 2016.

    By Katie Dale
  • Energy & Utilities

    Must-know: Scorpio Tankers Ltd

    Trading at a market cap of $1.84 billion, the company records a dividend yield of 3.71% and a beta of 1.79.

    By Katie Dale
  • uploads///Product Tanker Missing Chart
    Energy & Utilities

    Rising orders for refined oil shipping spell higher rates ahead

    On November 8, the overall orderbook for product tankers stood at 12.43% of existing capacity measured in dwt (deadweight tonnage).

    By Xun Yao Chen
  • uploads///CPLP Earnings Per Share    e
    Energy & Utilities

    Why Capital Product Partners didn’t rally after beating estimates 400%

    Beating estimates Let’s begin with earnings since that’s often what analysts and investors look at. For the third quarter of 2013, which was released on October 31 in the morning, CPLP reported basic EPS of $0.35 per share, which was five times more than the estimate of $0.07 per share. Basic EPS of $0.35 a […]

    By Xun Yao Chen
  • uploads///Baltic Clean Tanker Index YoY    e
    Energy & Utilities

    Product tanker rates remain low, weakness among product industry

    Shipping rates: A leading indicator The single most important indicator that affects tanker companies’ performance is shipping rates. One well-established index that tracks the price of shipping refined oil across the ocean for representative routes is the Baltic Dirty Clean Index. Compiled daily by the Baltic Exchange for rates settled in the spot market on […]

    By Xun Yao Chen
  • uploads///Product Tanker  Year Old Vessel Price    e
    Energy & Utilities

    Why 2nd-hand vessel prices favor Navios (NNA) and Scorpio (STNG)

    The importance of second-hand vessel price (values) In addition to new-build prices, it’s also important for investors to follow second-hand vessel prices. Like prices for newbuilds, second-hand vessel price reflect the fundamental outlook for the shipping industry. When prices are rising, they generally portray a favorable outlook for rates. When rates are stable, you can […]

    By Xun Yao Chen
  • uploads///US Crude Oil Rotary Rig Count    e
    Energy & Utilities

    Why the flat oil rig count won’t hinder product tanker demand

    US rotatory rig count: The forefront of future oil production The US Crude Oil Rotary Rig Count is a valuable indicator that shows how much drilling activity is occurring in the United States, tracking the number of rotating drills that are drilling into the Earth’s crust in search of oil or developing oil wells. The […]

    By Xun Yao Chen
  • Energy & Utilities

    Why weak September orders led to weak product tanker performance

    September was rather a weak month for product tankers. But there’s no sign yet that managers are seeing a cloud over the ocean’s horizon, and the long-term trend remains positive.

    By Xun Yao Chen
  • uploads///Baltic Clean Tanker Index    e
    Energy & Utilities

    Neutral shipping rates mean fleet expansion, driving share prices

    Shipping rates affect companies’ revenues The single most important indicator that affects tanker companies’ top-line revenue is shipping rates, which influence profitability margins, earnings, and share prices. So traders and analysts often look at shipping rates. Shipping rates generally fall because of looser supply and demand dynamics. On the other hand, shippers can achieve higher […]

    By Xun Yao Chen
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