Sale of Neo-Panamax 13,696 TEU container vessel
M/V Buenaventura Express
On October 29, 2025, Capital Clean Energy Carriers Corp. (the
“Company” or “CCEC”) signed a memorandum of agreement with a third party for the sale of the M/V Buenaventura Express (142,411 DWT / 13,696 TEU, hybrid scrubber-fitted, eco container vessel, built
2023, Hyundai Samho Industries Co. Ltd, South Korea). The vessel was delivered to its new owners on January 19, 2026, and we recognized a total book gain from the sale of $4.2 million. Cash proceeds were used to pay down outstanding debt
of $84.4 million and for general corporate purposes. The divestment of this additional container vessel is consistent with the Company’s stated strategy to shift our strategic focus towards the transportation of various forms of gas to
industrial customers, including liquefied natural gas (“LNG”) and emerging new commodities in connection with the energy transition. Since February 2024, CCEC has sold 14 container vessels generating gross proceeds of
approximately $814.3 million. Following this sale, the Company retains only one 13,312 TEU container vessel in its fleet, which is on long-term time charter through 2033, with options to extend up to 2039.
Order for three latest specification liquefied natural gas carriers to be delivered in 2028 and 2029
On December 29, 2025, the Company announced it has ordered three latest technology LNG carriers (“LNG/Cs”) to be built at HD Hyundai
Samho Co., Ltd in South Korea, scheduled for delivery in 2028 and 2029. Specifically, one vessel is scheduled for delivery in the third quarter of 2028 and two further deliveries are scheduled in the first quarter of 2029. The en-bloc ship building price of these vessels is $769.5 million.
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 (“Newbuild LNG/Cs”). In addition, CCEC has on order an additional nine gas carriers, including three handy liquid CO2 (“LCO2”)/multi-gas carriers and six dual-fuel medium gas carriers (the
“Gas Fleet”), with deliveries starting in the second quarter of 2026.
Delivery of 22,000 cubic meter
low-pressure liquid CO2 carrier LCO2
Active
On January 6, 2026, the Company announced the delivery of the world’s first 22,000 cubic meters
(“cbm”) low-pressure LCO2 carrier, the
LCO2 Active, from Hyundai Mipo Dockyard Co., Ltd. (“HMD”). The
LCO2 Active is the first of four 22,000 cbm LCO2/multi gas carriers under CCEC’s investment program at
HMD. The vessel is designed to transport LCO2, while remaining fully competitive in the conventional handy semi-refrigerated gas carrier market, as these ships feature multi-cargo capability
and can carry LCO2, liquefied petroleum gas (“LPG”), ammonia and selected petrochemicals.
The LCO2 Active commenced a six-month
time charter transporting LPG for an energy trading company, with an option to extend the charter for an additional six months.
The acquisition of the
LCO2 Active was financed with $29.4 million of cash on hand and a 12-year export credit agency-backed loan of
$48.9 million. The loan is repayable in 48 quarterly instalments of $0.6 million, with a balloon payment of $18.0 million payable with the final instalment in January 2033. The Company may borrow an additional amount of up to
$7.5 million if the vessel secures longer term employment.
As a result of the Company’s contracting for the three additional LNG/Cs and the
delivery of the LCO2 Active, the Company’s capital expenditure schedule (“CAPEX”) has been revised as follows:
Capex Schedule of CCEC in USD million, as of December 31, 2025:
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Q1 26 |
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Q2 26 |
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Q3 26 |
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Q4 26 |
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Q1 27 |
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Q2 27 |
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Q3 27 |
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Q4 27 |
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Q1 28 |
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Q2 28 |
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Q3 28 |
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Q4 28 |
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Q1 29 |
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Total |
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| Newbuild LNG/Cs |
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61.9 |
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51.2 |
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393.7 |
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0.0 |
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702.2 |
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24.7 |
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0.0 |
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74.0 |
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0.0 |
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49.4 |
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186.3 |
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0.0 |
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372.8 |
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1,916.2 |
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| Gas Fleet |
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29.8 |
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105.4 |
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115.4 |
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47.7 |
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89.3 |
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46.9 |
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35.9 |
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0.0 |
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0.0 |
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0.0 |
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0.0 |
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0.0 |
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0.0 |
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470.4 |
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| Total |
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91.7 |
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156.6 |
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509.1 |
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47.7 |
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791.5 |
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71.6 |
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35.9 |
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74.0 |
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0.0 |
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49.4 |
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186.3 |
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0.0 |
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372.8 |
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2,386.6 |
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The Company has paid as of December 31, 2025, $704.9 million in advances and deposits towards
the acquisition of its under-construction fleet. The final instalment for the delivery of the LCO2 Active was paid in
December 2025.
Quarterly Common Share Cash Dividend
On January 22, 2026, the Company’s board of directors declared a cash dividend of $0.15 per common share for the fourth quarter of 2025, which will
be paid on February 12, 2026, to common shareholders of record on February 3, 2026. Attached as Exhibit I hereto is a copy of the press release of CCEC announcing the declaration of the quarterly dividend.