Capital Product Partners L.P. Announces Successful Chartering of the MR Product Tankers M/T Anemos I and M/T Apostolos and Schedules Third Quarter Earnings Release

ATHENS, GREECE, Oct 12, 2010 (MARKETWIRE via COMTEX News Network) - Capital Product Partners L.P. (NASDAQ: CPLP) announced today that it had chartered the M/T Anemos I and the M/T Apostolos to Petroleo Brasileiro S. A. (Petrobras) and BP Shipping Limited (BP), respectively.

The M/T Anemos I (2007 Hyundai Mipo 47,823 dwt Ice Class 1A) was fixed at a gross daily charter rate of $14,700 to Petrobras for 36 months. The charter commenced on 9 September 2010 and the earliest expected redelivery under the charter is August 2013.

The M/T Apostolos (2007 Hyundai Mipo 47,782 dwt Ice Class 1A) was fixed at a gross daily charter rate of $14,000 to BP for 24 months. The charter commenced on 4 October 2010 and the earliest expected redelivery under the charter is September 2012.

In addition, the Company will release its financial results for the third quarter ended September 30, 2010 before the NASDAQ market open on Friday, October 29, 2010. Following the earnings release, Ioannis Lazaridis, Chief Executive Officer and Chief Financial Officer, will host a conference call on the same day at 10:00 a.m. Eastern Daylight Time (U.S.).

About Capital Product Partners L.P.
Capital Product Partners L.P. (NASDAQ: CPLP), a Marshall Islands master limited partnership, is an international owner of modern double-hull tankers. The Partnership owns 21 vessels, including 18 modern MR tankers, two small product tankers and one suezmax crude oil tanker. Most of its 21 vessels are under medium- to long-term charters to BP Shipping Limited, Morgan Stanley Capital Group Inc., Petroleo Brasileiro S. A., Overseas Shipholding Group and Capital Maritime & Trading Corp.

For more information about the Partnership, please visit our website: www.capitalpplp.com.

Capital Product Partners L.P. press release