Capital Clean Energy Carriers Corp. Announces Further Expansion with an Order for Three Latest Specification LNG Carriers Delivering in 2028 and 2029

Rhea-AI Summary

Capital Clean Energy Carriers (NASDAQ: CCEC) ordered three latest-specification LNG carriers from HD Hyundai Samho for delivery in Q3 2028 and Q1 2029, at an en-bloc shipbuilding price of $769.5 million. The company now claims 12 LNG/Cs in the water and nine LNG/Cs on order, with newbuilding deliveries running Q3 2026–Q1 2029. CCEC reports approximately $3.0 billion of contracted revenue and an average remaining charter duration of 6.9 years. The firm has paid $386.1 million in advance to shipyards and revised a CAPEX schedule totaling $2,438.6 million.

Positive

• Contracted revenue approximately $3.0 billion
• Average remaining charter duration 6.9 years
• Secured three LNG/C berths for delivery in 2028–2029
• $386.1 million already paid in advance to shipyards

Negative

• Total CAPEX schedule of $2,438.6 million
• En-bloc shipbuilding price of $769.5 million
• Delivery concentration Q3 2026–Q1 2029 increases timing risk
• Significant near-term capital commitments could pressure liquidity

News Market Reaction

+0.52%

1 alert

+0.52% News Effect

On the day this news was published, CCEC gained 0.52%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

LNG/C order price: $769.5M Contracted revenue: $3.0B Avg charter duration: 6.9 years +5 more

8 metrics

LNG/C order price $769.5M En-bloc shipbuilding price for three LNG carriers

Contracted revenue $3.0B Total contracted revenue supporting fleet expansion strategy

Avg charter duration 6.9 years Average remaining charter duration on contracted fleet

Total CAPEX schedule $2,438.6M Revised CAPEX schedule for LNG/C newbuilds and Gas Fleet

Advances paid $386.1M Paid to shipyards by Dec 29, 2025 for under-construction fleet

Liquefaction capacity 2024 493 mtpa Current global LNG liquefaction capacity referenced in strategy

Liquefaction by 2030 649 mtpa Anticipated LNG liquefaction capacity by 2030

LNG carrier fleet 12 in water, 9 on order LNG/C fleet size after latest three-vessel order

Market Reality Check

Price: $20.46 Vol: Volume 1,057 is well belo...

low vol

$20.46 Last Close

Volume Volume 1,057 is well below 20-day average of 7,364, indicating limited pre-news activity. low

Technical Current price 21.31 is effectively in line with 200-day MA at 21.31, suggesting a balance point before this news.

Peers on Argus

Peers show mixed moves: declines in GSL (-0.07%) and GOGL (-3.62%), gains in NMM...

Peers show mixed moves: declines in GSL (-0.07%) and GOGL (-3.62%), gains in NMM (+0.97%), SFL (+0.78%), and CMRE (+0.32%). No consistent sector trend aligns with CCEC’s modest -0.7% move.

Historical Context

5 past events · Latest: Nov 20 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Nov 20	Asset sale	Positive	-2.8%	Sale of Neo-Panamax container vessel to further container fleet exit.
Oct 30	Earnings update	Positive	-4.6%	Q3 2025 results with higher net income and declared cash dividend.
Oct 22	Dividend declaration	Positive	+1.8%	Announcement of $0.15 per share cash dividend and DRIP details.
Oct 20	Earnings call notice	Neutral	-0.2%	Scheduling of Q3 2025 earnings release and conference call.
Sep 23	Governance update	Neutral	-1.8%	Annual meeting results and board changes with new director appointment.

Pattern Detected

Recent news, including divestments and earnings with higher net income, often saw negative next-day moves, suggesting a pattern of selling or muted reactions even to seemingly positive updates.

Recent Company History

Over the last few months, CCEC has executed a strategic pivot from containers to gas carriers, including the sale of a 13,312 TEU Neo-Panamax vessel and multiple legacy container disposals generating about $814.3M in proceeds. Q3 2025 results showed higher net income and a $0.15 dividend, backed by $3.0B contracted revenues and a 6.9-year average charter duration. The latest expansion order for three additional LNG carriers extends this gas-focused growth and builds on the existing LNG/C and gas-carrier newbuild program.

Market Pulse Summary

This announcement details a sizable expansion of CCEC’s LNG carrier program, adding three latest-tec...

Analysis

This announcement details a sizable expansion of CCEC’s LNG carrier program, adding three latest-technology LNG/Cs at a total price of $769.5M and extending deliveries into 2029. The order is supported by about $3.0B of contracted revenue and a 6.9-year average remaining charter duration. Investors may track execution of the $2,438.6M CAPEX schedule, progress on chartering newbuilds, and alignment with projected LNG liquefaction growth from 493 mtpa to 649 mtpa by 2030.

Key Terms

lng carriers, boil-off rates, mtpa, neo-panamax, +1 more

5 terms

lng carriers technical

"it has ordered three latest technology LNG carriers (“LNG/C”) to be built"

Specialized ships that carry liquefied natural gas (LNG) in insulated, pressurized tanks so gas can be transported long distances by sea like a refrigerated truck carries perishable food. They matter to investors because their availability, charter rates, and operating costs influence the price and reliability of gas supply, the profitability of energy companies, and the value of shipping firms; geopolitical events, regulation, or demand shifts can quickly change their earnings potential.

boil-off rates technical

"most efficient LNG/Cs in the global fleet in terms of fuel consumption and boil-off rates"

Boil-off rates measure how quickly a stored or transported cryogenic liquid — such as liquefied natural gas, propane, or industrial gases — evaporates into gas over time. Investors care because higher boil-off increases product loss and operating costs, reduces sellable inventory and can affect shipping and storage economics; think of it like water slowly evaporating from a bowl, where faster evaporation means less usable product and higher replacement expense.

mtpa technical

"capacity from 493 mtpa today to at least 649 mtpa by 2030"

mtpa stands for million tonnes per annum and is a measure of how much material a facility or industry — such as mining, oil, gas, chemicals, or cement — can produce in one year. Investors care because it quantifies production capacity like a factory’s hourly output, which helps estimate potential revenue, assess supply impact on prices, and compare scale between projects or companies.

neo-panamax technical

"two legacy Neo-Panamax container vessels, one of which has been agreed to be sold"

A neo-panamax vessel is a ship built to the larger size limits of the expanded Panama Canal locks, allowing it to carry more cargo than older canal-compatible ships. For investors, these ships matter because they change shipping capacity and routes much like upgrading from two-lane roads to a four-lane highway: they can lower per-unit transport costs, shift trade flows, influence port investments, and affect freight rates and companies tied to shipping and global supply chains.

forward curve financial

"to be delivered at the most undersupplied part of the forward curve."

A forward curve is a line showing the market’s prices for a commodity, currency, interest rate or other asset for delivery at different future dates, essentially a timetable of expected prices. Investors use it like a weather forecast for prices: it helps estimate future cash flows, set hedges, and judge whether the market expects rises or falls, informing decisions about buying, selling or locking in prices ahead of time.

AI-generated analysis. Not financial advice.

ATHENS, Greece, Dec. 29, 2025 (GLOBE NEWSWIRE) -- Capital Clean Energy Carriers Corp. (the “Company”, “CCEC”, “we” or “us”) (NASDAQ: CCEC), an international owner of ocean-going vessels, today announced it has ordered three latest technology LNG carriers (“LNG/C”) to be built at HD Hyundai Samho Co., Ltd (“Hyundai”) in South Korea, scheduled for delivery in 2028 and 2029.

CCEC 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 $769.5 million. The vessels have been designed to incorporate a number of upgrades in their specification and are expected to rank amongst the most efficient LNG/Cs in the global fleet in terms of fuel consumption and boil-off rates.

With its latest order for three additional LNG/Cs, the Company reaffirms its strategic position as the largest US listed LNG shipping company with 12 LNG/Cs currently in the water and nine LNG/Cs on order (“Newbuild LNG/Cs”). 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 (the “Gas Fleet”), 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, underpinning the Company’s ongoing fleet expansion strategy. The Company’s strategy is to create shareholder value through creating scarcity value, while retaining commercial optionality via a disciplined mix of contracted and open vessel capacity. CCEC has delivered on this strategy by securing long term employment during 2025 for three of its newbuilding LNG/Cs, whilst simultaneously improving the financial strength of the company by recycling capital from its legacy container fleet.

As a result of the contracting of the three additional LNG/Cs, our capital expenditure schedule (“CAPEX”) has been revised as follows:

CAPEX Schedule of CCEC in USD million, as of December 29, 2025:

	2025	2026				2027				2028				2029	TOTAL
	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1
Newbuild LNG/C	-	61.9	51.2	393.7	-	702.2	24.7	-	49.3	24.7	24.7	211.0	-	372.8	1,916.2
Gas Fleet	7.8	74.0	105.4	115.4	47.7	89.3	46.9	35.9	-	-	-	-	-	-	522.4
TOTAL	7.8	135.9	156.6	509.1	47.7	791.5	71.6	35.9	49.3	24.7	24.7	211.0	-	372.8	2,438.6

The Company has paid by December 29, 2025, $386.1 million in advance to shipyards towards the acquisition of its under-construction fleet.

Jerry Kalogiratos, CEO 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.”

About Capital Clean Energy Carriers Corp.

Capital Clean Energy Carriers Corp. (NASDAQ: CCEC), an international shipping company, is one of the world’s leading platforms of gas carriage solutions with a focus on energy transition. CCEC’s in-the-water fleet includes 14 high specification vessels, including 12 latest generation LNG/Cs and two legacy Neo-Panamax container vessels, one of which has been agreed to be sold. In addition, CCEC’s under-construction fleet includes nine additional latest generation LNG/Cs, six dual-fuel medium gas carriers and four handy LCO₂/multi-gas carriers, to be delivered between the first quarter of 2026 and the first quarter of 2029. For more information about the Company, please visit: www.capitalcleanenergycarriers.com

Forward-Looking Statements

The statements in this press release that are not historical facts, including, among other things, statements related to CCEC’s ability to pursue growth opportunities and CCEC’s expectations or objectives regarding future vessel deliveries and charter rate expectations, are forward-looking statements (as such term is defined in Section 21E of the Securities Exchange Act of 1934, as amended). These forward-looking statements involve risks and uncertainties that could cause the stated or forecasted results to be materially different from those anticipated. For a discussion of factors that could materially affect the outcome of forward-looking statements and other risks and uncertainties, see “Risk Factors” in our annual report filed with the SEC on Form 20-F for the year ended December 31, 2024, filed on April 17, 2025. Unless required by law, CCEC expressly disclaims any obligation to update or revise any of these forward-looking statements, whether because of future events, new information, a change in its views or expectations, to conform them to actual results or otherwise. CCEC does not assume any responsibility for the accuracy and completeness of the forward-looking statements. You are cautioned not to place undue reliance on forward-looking statements.

Contact Details:
Investor Relations / Media

Brian Gallagher
EVP Investor Relations
Tel. +44 (770) 368 4996
E-mail: b.gallagher@capitalmaritime.com

Nicolas Bornozis/Markella Kara
Capital Link, Inc. (New York)
Tel. +1-212-661-7566
E-mail: ccec@capitallink.com

Source: Capital Clean Energy Carriers Corp.

FAQ

What did CCEC announce on December 29, 2025 regarding new LNG carriers (CCEC)?

CCEC ordered three latest-spec LNG carriers from HD Hyundai Samho, scheduled for delivery in Q3 2028 and Q1 2029, at an en-bloc price of $769.5 million.

How much has CCEC already paid toward its under-construction fleet (CCEC)?

The company has paid $386.1 million in advance to shipyards as of December 29, 2025.

What is CCEC's reported contracted revenue and charter duration (CCEC)?

CCEC reports about $3.0 billion of contracted revenue and an average remaining charter duration of 6.9 years.

How large is CCEC's CAPEX schedule after the new LNG/C order (CCEC)?

The revised CAPEX schedule totals $2,438.6 million across 2025–2029 per the announcement.

When will CCEC's newbuild deliveries occur and how might that affect supply (CCEC)?

Newbuilding deliveries span Q3 2026 to Q1 2029, coinciding with expected LNG liquefaction capacity expansion noted through 2030.

How many LNG carriers does CCEC have in the water and on order (CCEC)?

The company says it has 12 LNG carriers in the water and nine LNG carriers on order following this transaction.