Capital Clean Energy Carriers Corp. (CCEC) has placed a $769.5 million en‑bloc order for three latest‑specification LNG carriers with Hyundai Samho in South Korea. One vessel is slated for delivery in the third quarter of 2028, while the remaining two are scheduled for the first quarter of 2029.
The newbuilds bring CCEC’s in‑water fleet to 12 vessels and increase the total number of ships on order to 18, up from 15 before the announcement. With 12 LNG carriers already operating, CCEC now stands as the largest U.S.‑listed LNG carrier operator, reinforcing its market leadership and providing a larger chartering pipeline for the coming decade.
Each carrier is equipped with advanced dual‑fuel engines that are expected to rank among the most fuel‑efficient LNG vessels worldwide. The technology aligns with industry trends toward lower emissions and higher energy efficiency, positioning CCEC to capture premium charter rates as the market moves toward tighter supply conditions.
Financially, the order represents a $769.5 million investment within a broader $2.4 billion new‑build program that is part of CCEC’s strategy to recycle capital from its legacy container fleet. The company currently enjoys approximately $3.0 billion in contracted revenue and an average remaining charter duration of 6.9 years, underscoring a solid revenue base that can support the capital outlay.
The timing of the deliveries is strategically aligned with forecasts that LNG supply will shift from surplus to deficit in 2027‑2028. By having the new vessels in service as the market tightens, CCEC aims to secure higher charter rates and strengthen its long‑term revenue growth and dividend stability.
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