Capital Clean Energy Carriers Corp. Forms Joint Venture with CMA CGM S.A. to Build and Operate an LNG Bunkering Vessel

Rhea-AI Summary

Capital Clean Energy Carriers (NASDAQ: CCEC) formed a 50/50 joint venture with CMA CGM to build, charter and operate a 20,000 cbm dual-fuel LNG bunkering vessel.

The JV signed an $82.8 million shipbuilding contract with CIMC SOE, with delivery targeted for Q3 2028, marking CCEC’s entry into LNG bunkering.

Positive

• 50/50 joint venture with CMA CGM to enter LNG bunkering segment
• $82.8 million shipbuilding contract signed for 20,000 cbm LNG bunkering vessel
• First CCEC vessel dedicated to marine fuel supply, adding a new business segment
• Vessel delivery targeted for Q3 2028, supporting long-term fleet growth

Negative

• Large $82.8 million vessel investment may increase joint venture capital requirements

News Market Reaction – CCEC

-0.70%

-0.70% Session close to close

In the Jun 12 session, CCEC declined 0.70%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights CCEC’s expansion from LNG carriage into fuel supply via a 50/50 JV with...

Analysis

This announcement highlights CCEC’s expansion from LNG carriage into fuel supply via a 50/50 JV with CMA CGM for a 20,000 cbm dual-fuel LNG bunkering vessel. The project carries a contract price of $82.8 million and a planned 12-year time charter starting after the expected Q3 2028 delivery. Investors may track construction progress, charter execution, and how this bunkering asset complements CCEC’s existing 17-vessel fleet and under-construction LNG and LCO2 tonnage.

Key Figures

Shipbuilding contract price: $82.8 million Ownership stake: 50% / 50% Vessel capacity: 20,000 cbm +5 more

8 metrics

Shipbuilding contract price $82.8 million Cost to construct 20,000 cbm LNG bunkering vessel

Ownership stake 50% / 50% Each party’s stake in the LNG bunkering JV

Vessel capacity 20,000 cbm Capacity of dual-fuel LNG bunkering vessel

Time charter term 12 years Planned charter with CMA CGM / TotalEnergies JV

Vessel delivery Q3 2028 Expected delivery of bunkering vessel from CIMC SOE

In-water fleet size 17 vessels High-spec fleet including LNG/Cs and gas carriers

Latest generation LNG/Cs 13 vessels Part of current in-the-water fleet

Under-construction fleet 16 vessels 8 LNG/Cs, 5 dual-fuel MGCs, 2 LCO2, 1 LNG DF bunkering

Previous Partnership Reports

1 past event · Latest: Apr 15 (Positive)

Same Type Pattern 1 events

Date	Event	Sentiment	24h Move	Catalyst
Apr 15	JV & time charter	Positive	+1.8%	JV on LNG/C Amore Mio I with 10-year charter and up to $485.6M revenue.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Prior partnership/JV news with long-term chartering drew a modest positive price reaction.

Recent Company History

Recent history for Capital Clean Energy Carriers shows a focus on long-term, contracted LNG growth. A prior partnership on Apr 15 involved a JV and 10-year time charter that could generate up to $485.6 million and extend service to 2043, with shares rising 1.84%. Today’s CMA CGM LNG bunkering JV similarly adds a contracted, energy-transition-focused revenue stream to the platform.

Key Terms

lng bunkering, dual-fuel, time charter, multi-gas carriers

4 terms

lng bunkering technical

"entry into the LNG bunkering segment, the Company’s first vessel dedicated"

LNG bunkering is the process of refueling ships with liquefied natural gas, supplying cooled natural gas at ports or via bunker vessels much like a gas station serves cars. It matters to investors because LNG as a marine fuel can lower operating costs, meet stricter emissions rules and require new infrastructure and equipment — all of which affect shipping company profitability, fuel suppliers, port operators and related capital spending.

dual-fuel technical

"one 20,000 cbm dual-fuel LNG bunkering vessel"

Dual-fuel describes equipment, vehicles, or power systems designed to run on two different types of fuel—typically a conventional fuel (like diesel) and an alternative fuel (like natural gas or hydrogen). For investors, dual-fuel capability matters because it acts like a built-in hedge: it can lower operating costs and regulatory risk by switching to the cheaper or cleaner fuel as conditions change, though it may require higher upfront investment and different maintenance.

time charter financial

"expected to enter into a 12-year time charter with a joint venture"

A time charter is an agreement where a ship owner rents out their vessel to a customer for a set period, during which the customer has control over the ship’s use and operation. This arrangement matters to investors because it provides a steady income stream for the ship owner and indicates ongoing demand for shipping services, reflecting the health of global trade and transportation markets.

multi-gas carriers technical

"two handy LCO2/multi-gas carriers. In addition, CCEC’s under-construction"

A multi-gas carrier is a specialized ship built to carry several types of liquefied gases—such as propane, butane, ethylene, ammonia or similar products—using separate cargo tanks and flexible piping so different cargos can be carried safely on the same voyage. For investors, these vessels matter because they offer cargo flexibility and higher utilization (like a truck with interchangeable trailers), but they also carry specific safety, maintenance and regulatory costs that affect operating income and risk exposure to different gas markets.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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ATHENS, Greece, June 12, 2026 (GLOBE NEWSWIRE) -- Capital Clean Energy Carriers Corp. (NASDAQ: CCEC), an international owner of ocean-going gas vessels (the “Company,” “CCEC,” “we,” or “us”), today announced the formation of a joint venture company (the “Joint Venture”) with CMA CGM S.A. 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 Co., Ltd. (“CIMC SOE”) for the construction of the vessel at a contract price of $82.8 million, with delivery expected in the third quarter of 2028.

Incorporating the latest technologies, the vessel is designed to enable safe and reliable LNG transfers across a wide range of operating conditions. Advanced emissions reduction systems, combined with highly efficient dual-fuel power generation, are designed to help the vessel meet applicable environmental standards of the global shipping industry.

In addition, the Joint Venture is expected to enter into a 12-year time charter with a joint venture company formed between CMA CGM S.A. and TotalEnergies S.A., commencing upon delivery of the vessel from the shipyard.

Jerry Kalogiratos, CEO of Capital Clean Energy Carriers, commented: “This joint venture marks CCEC’s entry into LNG bunkering — a natural extension of our gas platform from carriage into marine fuel supply. Working alongside counterparties of the calibre of CMA CGM and TotalEnergies, we can help build the infrastructure that allows LNG to deliver a cleaner emissions profile, alongside security and diversity of supply, while opening a new, long-term contracted revenue stream for the Company through the Joint Venture.”

Christine Cabau, Executive Vice President Operations and Assets of CMA CGM S.A. said: “Together with Capital Clean Energy Carriers and TotalEnergies, we are committed to building a reliable and high-performance LNG bunkering supply chain, which is essential to ensuring the availability and reliability of fuels such as LNG that represent the first step in the decarbonization of our industry.”

About Capital Clean Energy Carriers Corp.

Capital Clean Energy Carriers Corp. (NASDAQ: CCEC), an international shipping company, is a leading platform of gas carriage solutions with a focus on energy transition. CCEC’s in-the-water fleet includes 17 high specification vessels, including 13 latest generation LNG/Cs, one legacy Neo-Panamax container vessel, one dual-fuel medium gas carrier and two handy LCO2/multi-gas carriers. In addition, CCEC’s under-construction fleet includes eight additional latest generation LNG/Cs, five dual-fuel medium gas carriers, two handy LCO2/multi-gas carriers and one LNG DF Bunkering vessel to be delivered between the second 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 delivery of strategic goals, ability to pursue growth opportunities and expectations or objectives regarding the formation of the Joint Venture, the execution and timing of the time charter, the construction and timely delivery of the vessel, the performance of the Company’s joint venture partner and the charterer, the financing of the Company’s share of the vessel’s construction cost, and charter rate and revenue 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, 2025, filed on April 27, 2026. 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

FAQ

What joint venture did Capital Clean Energy Carriers (NASDAQ: CCEC) announce on June 12, 2026?

Capital Clean Energy Carriers announced a 50/50 joint venture with CMA CGM to build, charter and operate one LNG bunkering vessel. According to Capital Clean Energy Carriers, this JV marks its entry into the LNG bunkering segment and marine fuel supply market.

What are the key details of CCEC's $82.8 million LNG bunkering vessel project?

The joint venture signed an $82.8 million shipbuilding contract for a 20,000 cbm dual-fuel LNG bunkering vessel. According to Capital Clean Energy Carriers, construction is with CIMC SOE, and vessel delivery is expected in the third quarter of 2028, subject to normal project risks.

How will the new LNG bunkering vessel affect Capital Clean Energy Carriers' business model (CCEC)?

The vessel introduces CCEC’s first ship dedicated to marine fuel supply, expanding beyond gas carriage. According to Capital Clean Energy Carriers, this move extends its gas platform into LNG bunkering and is expected to open a potential long-term contracted revenue stream via the joint venture.

Who are the partners involved in Capital Clean Energy Carriers' new LNG bunkering joint venture?

The joint venture is between Capital Clean Energy Carriers and CMA CGM, each holding 50% ownership. According to Capital Clean Energy Carriers, a separate joint venture between CMA CGM and TotalEnergies is expected to enter a 12-year time charter upon vessel delivery.

When is CCEC's LNG bunkering vessel expected to be delivered and start its charter?

Delivery of the LNG bunkering vessel is targeted for the third quarter of 2028. According to Capital Clean Energy Carriers, a 12-year time charter is expected to commence upon delivery, subject to the charter agreement being finalized and typical execution and timing risks.

What technologies will CCEC's new LNG bunkering vessel include to meet environmental standards?

The vessel is designed with advanced emissions reduction systems and highly efficient dual-fuel power generation. According to Capital Clean Energy Carriers, these technologies aim to support safe LNG transfers and help meet applicable environmental standards in the global shipping industry.