Capital Product Partners L.P. (NASDAQ:CPLP) Q4 2022 Earnings Call Transcript

Liam Burke: Fair enough. From looking at your drop-down opportunities, they’re all in the LNG carrier space. Obviously, the container business, as you mentioned earlier, rates have softened, but still relatively high from historic levels. Is this a conscious effort to move more to the LNG side or are you still going to look at the container space once you’ve taken the ones that are on order?

Gerasimos Kalogiratos: We like the LNG space, both because of the market fundamentals as well as because of the typical more lengthy profile of the charters that are on offer. So that fits our business model quite well. Also, the fact that these are effectively dual fuel ships that can — that are built to use LNG as fuel and makes them more future-proof compared, for example, to older container ships. So there are many advantages being in the LNG space. However, this does not mean that we would not look at other assets that have good cash flow visibility. I think the reason that you have exclusively LNG assets on Page 12 of the presentation is because these are offered by Capital Maritime. They are there and they fulfill all this — they tick of these boxes. But would we look at other assets? Yes for sure.

Liam Burke: Great, thank you, Jerry.

Gerasimos Kalogiratos: Thank you, Liam.

Operator: Thank you. There are no further questions at this time. I’d like to pass the floor back over to Mr. Jerry Kalogiratos for any closing comments.

Gerasimos Kalogiratos: Great, thank you. Thank you all for joining us today. Have a good day.

Operator: This concludes today’s conference. You may disconnect your lines at this time. Thank you for your participation.