Capital Clean Energy Carriers Corp. (CCEC), an international owner of ocean-going vessels, announced it has ordered three latest technology LNG carriers to be built at HD Hyundai Samho 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.
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.”