Evangelos Marinakis-backed Capital Product Partners has slashed its payout to shareholders in a bid to build a "war chest" to grow its boxship fleet in the post-coronavirus environment.
The Nasdaq-listed containership owner plans to shore up its capital base by about $19m per year with the cut.
This would provide "a strong buffer" against adverse developments its boxship charter markets, chief executive Jerry Kalogiratos said.
