Capital Clean Energy Carriers locks in $770m LNG carrier order in South Korea
Source: Splash247
Capital Clean Energy Carriers (CCEC) has moved to further bulk up its LNG fleet, placing an order for three newbuildings at HD Hyundai Samho in South Korea.
The Nasdaq-listed owner has secured three berths at the yard, with one vessel due for delivery in the third quarter of 2028 and the remaining two scheduled for the first quarter of 2029.
The en-bloc price for the trio stands at $769.5m. CCEC said the ships will feature upgraded specifications and are designed to sit among the most fuel-efficient LNG carriers afloat, with lower fuel consumption and reduced boil-off rates compared with older tonnage.
CCEC currently has 12 LNG carriers on the water and nine on order, with deliveries stretching from the third quarter of 2026 through early 2029.
The company said the delivery window lines up with expected growth in global LNG supply, as liquefaction capacity is forecast to rise from about 493m tonnes per annum today to at least 649m tpa by 2030.
Beyond LNG, the company is also building out a broader gas fleet. CCEC has another 10 gas carriers on order, including four handysized LCO₂/multi-gas vessels and six dual-fuel mid-size gas carriers, with the first units set to deliver from early 2026.
Chief executive Jerry Kalogiratos described the deal as a well-timed move, saying the company had locked in attractive pricing and payment terms for high-spec ships expected to hit the water when LNG shipping demand tightens.
“These deliveries are positioned for what we see as the most undersupplied part of the forward curve,” he said.
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