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CCEC News
CCEC Events
Capital Clean Energy Successfully Takes Delivery of Alkimos Vessel
Capital Clean Energy Carriers announced that it has successfully taken delivery of the Handy Liquefied CO2 Multi-Gas Carrier, the 'Alkimos'. Following her delivery from the shipyard, the HMG/C Alkimos commenced, a time charter with an expected duration through May 2027. The acquisition of the Alkimos was financed with cash on hand and a 12-year ECA-backed loan of $52.8M. Under the terms of the loan, the company may borrow an additional amount of up to $8.1M, if the vessel secures longer-term employment. The Alkimos is the third latest-generation HMG/C delivered to the company, bringing the total number of vessels on the water to 21.
CCEC Q2 Revenue $104.9M, Below Consensus
Reports Q2 revenue $104.9M, consensus $107.33M. Jerry Kalogiratos, Chief Executive Officer of CCEC, commented: "The volatility experienced in the second quarter of 2026 in gas shipping markets, as a result of the tension in the Middle East, allowed us to capture additional contract coverage at attractive rates for our LNG and LPG carriers, bringing the average firm contract duration for our LNG/C fleet to 6.5 years and 0.9 years for our LPG/multi gas fleet."
Capital Clean Energy Carriers Corp. Successfully Delivers LNG Carrier 'Agamemnon'
Capital Clean Energy Carriers Corp. announced that it has successfully taken delivery of the LNG Carrier 'Agamemnon'. Following its delivery on June 17, 2026, the LNG/C Agamemnon has commenced its previously announced time charter with a major energy company through March 2027. Upon completion of that charter, the vessel will, at the Company's option, commence either the long-term charter originally allocated to LNG/C Athlos or the one allocated to LNG/C Archon, with firm periods of five years and seven years, respectively, each including an additional five-year option at the charterer's discretion. The acquisition of LNG/C Agamemnon was funded using cash on hand together with a new senior secured bridge loan facility of $216.0 million. This facility will be refinanced in July 2026 upon the drawdown of an eight-year JOLCO facility in the amount of $216.0 million.
Capital Clean Energy Carriers Forms Joint Venture with CMA CGM
Capital Clean Energy Carriers (CCEC) announced the formation of a joint venture company with CMA CGM. Each party will hold a 50% ownership stake in the joint venture, which has been established for the purpose of constructing, chartering, and operating one 20,000 cbm dual-fuel LNG bunkering vessel. The joint venture marks CCEC's entry into the LNG bunkering segment, the company's first vessel dedicated to marine fuel supply. In connection with this transaction, the joint venture has entered into a shipbuilding contract with Nantong CIMC Sinopacific Offshore & Engineering for the construction of the vessel at a contract price of $82.8M, with delivery expected in the third quarter of 2028. In addition, the joint venture is expected to enter into a 12-year time charter with a joint venture company formed between CMA CGM and TotalEnergies (TTE), commencing upon delivery of the vessel from the shipyard.
CCEC Q1 Revenue $98.01M, Below Consensus
Reports Q1 revenue $98.01M, consensus $103.12M. Jerry Kalogiratos, Chief Executive Officer of CCEC, commented: "During the first quarter, the Company continued to deliver on our strategy to build a leading gas transportation platform, generating both robust cash flows and further strengthening our financial position through a successful bond offering. Post quarter end, we executed an innovative transaction, which not only highlighted our ability to attract a co-investment with a major energy trading partner, but also enhanced the quality and diversification of our charter portfolio."
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