Marinakis’ CCEC remains confident on newbuild charter opportunities

^{Image: Evangelos Marinakis shipowner}

Evangelos Marinakis’ Nasdaq-listed Capital Clean Energy Carriers Corp. (CCEC) remains confident as it is largely insulated from current spot market conditions, with its first open newbuilding scheduled for the first quarter of 2026.

“We anticipate that the weakness in the underlying spot and short-term period markets is likely to act as a catalyst for a potentially substantial reduction in older technology LNG vessels in the global fleet,” Jerry Kalogiratos, CEO of CCEC, commented.

Capital Clean Energy Carriers has sold four of its 5,000 TEU container vessels with the last vessel expected to be delivered later in the first quarter of 2025.

Specifically, the shipowner divested five container sister vessels to an undisclosed third party, the Hyundai Prestige, the Hyundai Premium, the Hyundai Paramount, the Hyundai Privilege and the Hyundai Platinum, each with a 63,010-dwt, 5,023 TEU, and 2013-build by Hyundai Heavy Industries in South Korea.

Of these, the Hyundai Prestige, the Hyundai Premium and the Hyundai Paramount were delivered to their new owners in the fourth quarter of 2024, and the Hyundai Privilege in January 2025.

The Hyundai Platinum is expected to be delivered to her new owners