Capital Clean Energy Carriers (NASDAQ: CCEC) adds first 22,000 cbm CO2 ship
Rhea-AI Filing Summary
Capital Clean Energy Carriers Corp. reports the delivery of the Active, described as the world’s first 22,000 cbm low-pressure liquid CO2/multi-gas carrier, from Hyundai Mipo Dockyard. The vessel can carry LCO2, LPG, ammonia and selected petrochemicals, allowing deployment across multiple gas markets while being designed to support the emerging carbon capture, utilization and storage value chain.
The Active begins service on a six‑month time charter transporting LPG for an energy trading company, with an option for a further six months. Its acquisition was funded with $29.4 million of cash on hand and a 12‑year ECA‑backed loan of $48.9 million, repayable in 48 quarterly instalments of $0.6 million plus an $18.0 million balloon in January 2033, and the company may borrow up to an additional $7.5 million if the vessel secures longer term employment.
Positive
- None.
Negative
- None.
Insights
CCEC adds a flagship LCO2/multi-gas vessel, using long-tenor ECA debt.
Capital Clean Energy Carriers highlights delivery of the Active, a 22,000 cbm low-pressure liquid CO2/multi-gas carrier able to transport LCO2, LPG, ammonia and selected petrochemicals. The company frames this series as aligned with the developing carbon capture, utilization and storage chain, while remaining competitive in the handy semi‑refrigerated gas carrier market. This dual role offers flexibility between emerging LCO2 trades and established gas segments.
The Active enters a six‑month time charter for LPG with an option for an additional six months, giving initial employment visibility but without locking in longer-term terms in this excerpt. Funding combines
The company notes a relatively limited handy semi‑refrigerated orderbook and cites International Energy Agency CCUS data indicating potential growth in capture and storage capacity by
FAQ
What did Capital Clean Energy Carriers Corp. (CCEC) announce in this 6-K?
CCEC announced the delivery of the Active, described as the world’s first 22,000 cbm low‑pressure liquid CO2/multi‑gas carrier, from Hyundai Mipo Dockyard. The vessel can carry LCO2, LPG, ammonia and selected petrochemicals and is intended to serve both established gas trades and the emerging carbon capture, utilization and storage value chain.
How is the new LCO2/multi-gas carrier Active initially employed for CCEC?
The Active will be deployed on a six‑month time charter transporting LPG for an energy trading company, with an option to extend the charter for an additional six months. This arrangement provides near‑term employment for the vessel while preserving flexibility for future contracts.
How was the acquisition of the Active financed by CCEC?
The acquisition of the Active was financed with $29.4 million of cash on hand and a 12‑year ECA‑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 due with the final instalment in January 2033, and CCEC may borrow up to an additional $7.5 million if the vessel secures longer term employment.
How does the Active fit into CCEC’s broader fleet and strategy?
CCEC describes itself as a leading platform of gas carriage solutions focused on the energy transition. Its in‑the‑water fleet includes 15 high specification vessels, including 12 latest‑generation LNG carriers, two legacy Neo‑Panamax container vessels and one handy LCO2/multi‑gas carrier. The under‑construction fleet includes nine additional latest‑generation LNG carriers, six dual‑fuel medium gas carriers and three handy LCO2/multi‑gas carriers to be delivered between the second quarter of 2026 and the first quarter of 2029.
Why does CCEC view the Active and its sister vessels as strategically important?
CCEC notes that the handy semi‑refrigerated gas carrier orderbook is relatively limited and emphasizes the multi‑cargo capability and versatility of the Active and its sister vessels. It links these ships to expected growth in CO2 capture and storage capacity based on International Energy Agency CCUS data, positioning them as ready‑to‑deploy tonnage as demand for LCO2 transportation increases.
Did the Active receive any industry recognition mentioned in the filing?
Yes. The Active received the Lloyd’s List Greek Shipping 2025 “Ship of the Year” Award, cited for “opening a new chapter in future carbon transportation solutions” and for its “revolutionary tank technology and multi‑cargo flexibility.”