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Capital Product Partners L.P. Announces Closing of Transaction to Acquire 11 Newbuild LNG Carriers Pursuant to Umbrella Agreement

Benzinga

Upon the closing of the Umbrella Agreement, CPLP today entered into 11 share purchase agreements to acquire 100% of the equity interests in each vessel-owning company of the Vessels (the "Vessel SPAs"). LTD and Hyundai Samho Heavy Industries Co. South Korea (collectively, "Hyundai").

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Capital Product Partners L.P. Announces the Acquisition of One LNG Carrier, the Acquisition of Three 13,278 TEU Container Vessels and the Sale of Two 8,266 TEU Container Vessels

Benzinga

The LNG/C, to be named "Asterix I", is currently under construction by Hyundai Heavy Industries Co. The LNG/C Asterix I comes with a long-term time charter with Hartree Partners Power & Gas Company (UK) Limited ("Hartree") for a firm period of 5 years, which, together with the optional period, expires in 2031.

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Marine Propeller Market Worth $5.68 Billion by 2029 | Rising Footfall of Seaborne Trade to Augment Industry Growth: Fortune Business Insightsâ„¢

Benzinga

With the trend for real-time data tracking in the marine propulsion system, penetration of environment-friendly propulsion systems will bode well for the industry outlook. However, the shutdown of cargo operations could challenge leading companies gearing to expand their portfolios. Hyundai Heavy Industries Co.,

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Performance Shipping Inc. Announces Agreement to Acquire Seventh Vessel; Its First LR2 Aframax Oil Product Tanker

Benzinga

(NASDAQ: PSHG ), ("we" or the "Company"), a global shipping company specializing in the ownership of tanker vessels, today announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to purchase a 105,304 dwt LR2 Aframax oil product tanker, the M/T Alpine Amalia, to be renamed M/T P. million. .

Finance 40
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Performance Shipping Inc. Announces Agreement to Acquire a LR2 Aframax Oil Product Tanker

Benzinga

The vessel is expected to be delivered to the Company in mid-December 2022 and will be renamed M/T P. The Company expects to finance the aforementioned acquisition with cash proceeds from the previously announced sale of the Company's oldest vessel, M/T P. Long Beach.

Finance 40
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Machine Tools Market to Reach USD 164.92 Billion by 2028 | Machine Tools Industry Exhibiting CAGR of 5.5% During 2021-2028

Benzinga

Fortune Business Insights™ lists out the names of the renowned providers of machine tools operating in the global market are Yamazaki Mazak Corporation (Japan), Doosan Machine Tools Co., South Korea), Trumpf (Germany), Amada Machine Tools Co., United States), Mitsubishi Heavy Industries Machine Tool Co.,