The Nasdaq-listed Capital Clean Energy Carriers Corp. (CCEC) has ordered three latest technology LNG carriers (LNG/C) to be built at HD Hyundai Samho Co., Ltd in South Korea, scheduled for delivery in 2028 and 2029.
The firm, controlled by Greek owner Evangelos Marinakis, has secured three LNG/C berths at Hyundai, with one vessel scheduled for delivery in the third quarter of 2028 and two further deliveries in the first quarter of 2029.
The en-bloc ship building price of these vessels is $769.5m, the CCEC said in its notice.
With its latest order for three additional LNG/Cs, the company has 12 LNG/Cs currently in the water and nine LNG/Cs on order.
The company’s newbuilding deliveries span from the third quarter of 2026 to the first quarter of 2029, which coincides with the anticipated expansion of LNG liquefaction capacity from 493 mtpa today to at least 649 mtpa by 2030.
In addition, CCEC has on order an additional 10 gas carriers, including four handy LCO2/multi-gas carriers and six dual-fuel medium gas carriers, with deliveries starting in the first quarter of 2026.
“The CCEC fleet benefits from approximately $3.0 billion of contracted revenue and an average remaining charter duration of 6.9 years,” CCEC said in its release.
Jerry Kalogiratos, chief executive officer of CCEC, commented: “This is an opportunistic transaction for CCEC, which closely aligns with our executed strategy and forward objectives.
“I believe that we have secured attractive pricing and payment terms for state of the art, high specification vessels, whose deliveries we expect to coincide with increased demand for LNG shipping from a number of LNG projects that are expected to come online in this timeline.
“Notably, this transaction allows CCEC to selectively contract the most attractive specification LNG/Cs for charterers, to be delivered at the most undersupplied part of the forward curve.”
