The company’s fleet already in operation numbers 15 high-specification vessels, of which 12 are latest-generation LNG carriers, one neopanamax containership, and two /multi-gas carriers.
At the same time, CCEC is running an extensive shipbuilding program, as it still has 17 vessels under construction.
The program includes nine new-generation LNG carriers, six dual-fuel medium gas carriers, and two /multi-gas carriers, with deliveries spanning from the second quarter of 2026 to the first quarter of 2029.
The company appears to be accelerating its fleet expansion at a time when the geopolitical crisis in the Middle East and the turmoil in the Strait of Hormuz are causing significant upheavals in natural gas markets and maritime transport.
Indicative of the scale of investments is that the average value of an order for a modern LNG carrier with a capacity of 174,000 cubic meters currently stands at around $260 million.
In fact, CCEC’s management announced that it has accelerated the deliveries of three LNG carriers under construction, seeking to capitalize on the increased demand for LNG transportation and the sharp rise in charter rates recorded internationally.
The Nasdaq-listed company of the Capital Clean Energy Carriers Corp. group reported net profit of $18.3 million for the first quarter of 2026, compared to $32.7 million in the same period of 2025, while revenue stood at $98 million, down from
$102 million last year.
The decline in profitability is mainly attributed to off-hire days for two LNG carriers due to special five-year surveys, as well as the diversification of charters compared to the previous year.
Despite the decline in net profit, the company made a series of strategically significant moves, completing a bond issue of €250 million on the Athens Stock Exchange, with a seven-year term and an interest rate of 3.75%.
At the same time, it approved a share buyback program of $20 million and
announced a dividend of $0.15 per share for the first quarter.
Management places particular emphasis on strengthening the LNG carrier portfolio and
long-term charters.
CCEC’s CEO, Jerry Kalogiratos, noted that the company now has secured charter contracts with an average duration of 6.9 years, corresponding to contracted revenue of approximately $2.9 billion, which could increase to $4.3 billion if all charter extension options are exercised.
He stressed that the company continues to implement its strategy of creating a leading natural gas transportation platform, ensuring – as he stated – the resilience of its profitability and cash flows through its modern fleet of
LNG carriers.
At the same time, he emphasized that CCEC further expanded its development program, ordering three additional state-of-the-art LNG carriers, with expected delivery in 2028 and 2029, strengthening its position as the largest US-listed LNG transportation company.
The company also announced the creation of a joint venture with a subsidiary of the BGN energy group. The agreement concerns the establishment of a new limited liability company in the Marshall Islands, in which CCEC will hold 51% and BMarine Shipping Investment FZCO the remaining 49%.
Through BM Capital LLC, a subsidiary of the joint venture, the LNG carrier
“Amore Mio I” will be acquired for $230 million.
δολαρίων, while the existing financing of the vessel is expected to be refinanced upon completion of the transaction in the first quarter of 2027.
CCEC is simultaneously continuing its expansion in the sector of LPG, ammonia and CO2 carrier vessels. At the end of April it took delivery of the second multi-gas carrier Amadeus, while the total investment program under construction exceeds USD 2.25 billion until 2029.
At the end of the first quarter of 2026, cash and cash equivalents stood at USD 546.4 million, while total debt amounted to USD 2.63 billion.
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