Capital Clean Energy Carriers Expands LNG Fleet with New Orders
Capital Clean Energy Carriers (CCEC) has announced a significant expansion of its liquefied natural gas (LNG) fleet by placing an order for three new vessels at HD Hyundai Samho in South Korea. This strategic move comes as the Nasdaq-listed company aims to enhance its capabilities in the growing LNG market. The first of the three newbuildings is expected to be delivered in the third quarter of 2028, while the remaining two are scheduled for delivery in the first quarter of 2029. The total en-bloc price for the trio is set at $769.5 million.
The new vessels will feature advanced specifications designed to optimize fuel efficiency. CCEC has emphasized that these ships will have lower fuel consumption and reduced boil-off rates compared to older models, positioning them among the most efficient LNG carriers currently available. This development is part of CCEC’s broader strategy to align its fleet with the anticipated growth in global LNG supply, which is projected to increase from approximately 493 million tonnes per annum (m tpa) today to at least 649 m tpa by 2030.
Current Fleet and Future Prospects
Currently, CCEC operates 12 LNG carriers and has nine additional vessels on order, with deliveries scheduled from the third quarter of 2026 through early 2029. This expansion is timely, as the company anticipates a tightening demand for LNG shipping in the coming years. Chief Executive Jerry Kalogiratos highlighted the advantageous pricing and payment terms secured for these high-spec ships, which are expected to enter service during a period of increased demand.
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In addition to its LNG fleet, CCEC is also diversifying its gas transportation capabilities. The company has placed orders for another 10 gas carriers, which include four handysized LCO₂/multi-gas vessels and six dual-fuel mid-size gas carriers. The first of these additional units is expected to be delivered in early 2026. This diversification reflects CCEC’s commitment to adapting to the evolving energy landscape and meeting the needs of a growing market.
As the global demand for cleaner energy sources continues to rise, CCEC’s strategic investments in its fleet position the company to capitalize on future opportunities in the LNG sector. The planned deliveries align with the anticipated growth in liquefaction capacity, ensuring that CCEC remains competitive in a rapidly changing industry.
