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Capital Clean Energy Carriers Corp. Joins MIT Maritime Consortium as Founding Member to Advance Research and Development of Groundbreaking Technologies
Globenewswire· 2025-03-26 20:05
Core Viewpoint - Capital Clean Energy Carriers Corp. (CCEC) has joined the MIT Maritime Consortium as a Founding Member, collaborating with key maritime stakeholders to develop innovative technologies aimed at enhancing industry competitiveness and reducing environmental impact [1][2][3]. Group 1: Consortium Objectives and Technologies - The consortium focuses on developing technologies for nuclear propulsion, alternative fuels, data-driven operational strategies, autonomy, cybersecurity, and on-board manufacturing of spare parts [2][3]. - The initiative aims to address emissions in the maritime shipping industry, which currently accounts for 2% of global energy-related CO2 emissions while transporting 90% of world cargoes [2][3]. Group 2: Member Contributions and Goals - CCEC aims to leverage its operational expertise and diverse fleet to contribute to the development of AI-driven models and technological solutions for optimizing ship efficiency and predictive maintenance [6][7]. - The consortium seeks to create competitive advantages through novel engineering solutions, including advanced data analytics, autonomy, and 3D printing technologies [4][5]. Group 3: Industry Impact and Future Vision - The collaboration is expected to drive transformative change in the maritime industry, fostering innovation and resilience against challenges while promoting a sustainable future [7][8]. - The consortium's long-term goal is to enable the development of novel technology and policy innovations that will help meet emissions objectives [5][6].
Capital Clean Energy Carriers Corp. Announces Participation in Capital Link’s Investor Conference in New York on Monday, March 31, 2025
Globenewswire· 2025-03-18 13:00
Group 1 - Capital Clean Energy Carriers Corp. (CCEC) will participate in the 19th Annual Capital Link International Shipping Forum on March 31, 2025, in New York City, where its senior executive team will hold one-on-one meetings with institutional investors [1][2] - The forum is a significant event for discussing macroeconomic trends and market dynamics in the global shipping sector, providing insights from industry leaders and a review of various shipping markets [2][3] - CCEC's fleet includes 16 high specification vessels, comprising 12 latest generation LNG carriers and four legacy Neo-Panamax container vessels, with plans to sell one vessel in Q1 2025 [3] Group 2 - CCEC is recognized as a leading platform for gas carriage solutions, focusing on energy transition, with additional vessels under construction, including six latest generation LNG carriers and six dual-fuel medium gas carriers, scheduled for delivery between Q1 2026 and Q3 2027 [3]
Capital Clean Energy Carriers Corp. Announces Participation in Capital Link's Investor Conference in New York on Monday, March 31, 2025
Newsfilter· 2025-03-18 13:00
Group 1 - Capital Clean Energy Carriers Corp. will participate in the 19th Annual Capital Link International Shipping Forum on March 31, 2025, in New York City, where the senior executive team will hold one-on-one meetings with institutional investors [1][2] - The forum is a significant event for discussing macroeconomic trends and market dynamics in the global shipping sector, providing insights from industry leaders and a review of various shipping markets [2] - Capital Clean Energy Carriers Corp. operates a fleet of 16 high specification vessels, including 12 latest generation LNG carriers and four Neo-Panamax container vessels, with plans to sell one vessel in Q1 2025 [3] Group 2 - The company has six additional latest generation LNG carriers, six dual-fuel medium gas carriers, and four handy liquid CO2/multi-gas carriers under construction, expected to be delivered between Q1 2026 and Q3 2027 [3]
Capital Clean Energy Carriers Corp. (CCEC) Q4 Earnings Meet Estimates
ZACKS· 2025-02-06 14:56
Financial Performance - Capital Clean Energy Carriers Corp. reported quarterly earnings of $0.36 per share, matching the Zacks Consensus Estimate, but down from $0.61 per share a year ago [1] - The company posted revenues of $102.52 million for the quarter, missing the Zacks Consensus Estimate by 5.61%, compared to $92.5 million in the same quarter last year [2] - Over the last four quarters, the company has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [1][2] Market Performance - Capital Clean Energy Carriers Corp. shares have increased approximately 4.3% since the beginning of the year, outperforming the S&P 500's gain of 3.1% [3] - The company's current Zacks Rank is 4 (Sell), indicating expected underperformance in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.48 on revenues of $107.89 million, and for the current fiscal year, it is $1.67 on revenues of $429.5 million [7] - The Transportation - Shipping industry, to which the company belongs, is currently ranked in the bottom 6% of over 250 Zacks industries, which may negatively impact stock performance [8]
Capital Clean Energy Carriers Corp. Announces Fourth Quarter 2024 Financial Results
Globenewswire· 2025-02-06 12:30
Core Insights - Capital Clean Energy Carriers Corp. (CCEC) has shifted its strategic focus towards the transportation of various forms of gas, including LNG, and has made significant investments in new gas carriers [2][7] - The company reported a substantial increase in revenues and net income for the fourth quarter of 2024 compared to the same period in 2023, reflecting the impact of its strategic shift [5][11] Financial Performance - Total revenue for the fourth quarter of 2024 was $105.1 million, a 64% increase from $64.2 million in the fourth quarter of 2023 [5][12] - Net income from continuing operations for the same period was $20.8 million, compared to $1.1 million in the fourth quarter of 2023, marking a 1,791% increase [5][11] - Average number of vessels increased to 15.0 in Q4 2024 from 10.5 in Q4 2023, contributing to the revenue growth [5][12] Strategic Initiatives - The company has agreed to acquire 11 newbuild LNG carriers and invested in 10 additional gas carriers, enhancing its gas-focused fleet [2][3] - CCEC has completed or entered into agreements for the sale of 12 container vessels, aligning with its strategic shift [2][4] Market Outlook - The company anticipates that current weaknesses in the spot and short-term markets will lead to a reduction in older technology LNG vessels, potentially tightening the market for modern vessels [8][30] - The U.S. administration's intention to boost LNG exports is expected to support long-term demand for LNG shipping, with a contracted revenue backlog of over $2.5 billion [8][30] Capital Structure - As of December 31, 2024, total cash amounted to $336.5 million, with total shareholders' equity increasing to $1,343.0 million from $1,174.9 million a year earlier [16][17] - Total debt increased to $2,598.3 million, reflecting new borrowings for vessel acquisitions [18][20] Dividend Announcement - The company declared a cash dividend of $0.15 per share for the fourth quarter of 2024, payable on February 12, 2025 [10][26] Under-Construction Fleet - CCEC's under-construction fleet includes six additional latest generation LNG carriers, with expected deliveries between Q1 2026 and Q3 2027 [23][35]
Capital Clean Energy Carriers Corp. Schedules Fourth Quarter 2024 Earnings Release, Conference Call and Webcast
Newsfilter· 2025-01-30 16:00
Core Viewpoint - Capital Clean Energy Corp. (CCEC) is set to release its financial results for Q4 2024 on February 6, 2025, followed by an interactive conference call to discuss these results [1]. Group 1: Financial Results Announcement - CCEC will announce its financial results for the fourth quarter ended December 31, 2024, before the NASDAQ market opens on February 6, 2025 [1]. - An interactive conference call will be held on the same day at 9:30 a.m. Eastern Time to discuss the financial results [1]. Group 2: Conference Call Details - Participants are encouraged to dial in 10 minutes prior to the call using the US Toll-Free number 877 405 1226 or the international number +1 201 689 7823, quoting "Capital Clean Energy" [2]. - There is an option for participants to register for the call using a "call me" feature for a quicker connection [3]. Group 3: Webcast and Presentation - A live and archived webcast of the conference call will be available on the company's website, along with accompanying slides [4]. - Participants should register on the website approximately 10 minutes before the start of the webcast [4]. Group 4: Company Overview - Capital Clean Energy Carriers Corp. (CCEC) is a leading international shipping company focused on gas carriage solutions and energy transition [5]. - The company operates a fleet of 16 high specification vessels, including 12 latest generation LNG carriers and four Neo-Panamax container vessels, with plans to sell one vessel in Q1 2025 [5]. - CCEC has six additional latest generation LNG carriers, six dual-fuel medium gas carriers, and four handy liquid CO2/multi-gas carriers under construction, expected to be delivered between Q1 2026 and Q3 2027 [5].
Capital Clean Energy Carriers Corp. Declares Quarterly Dividend
Globenewswire· 2025-01-23 14:00
Company Overview - Capital Clean Energy Carriers Corp. (NASDAQ: CCEC) is an international shipping company focused on gas carriage solutions and energy transition [2] - The company operates a fleet of 16 high specification vessels, including 12 latest generation LNG carriers and four legacy Neo-Panamax container vessels [2] - CCEC has six additional latest generation LNG carriers, six dual-fuel medium gas carriers, and four handy liquid CO2/multi-gas carriers under construction, expected to be delivered between Q1 2026 and Q3 2027 [2] Financial Highlights - The board of directors has declared a cash dividend of $0.15 per share for the fourth quarter of 2024, which will be paid on February 12, 2025 [1] - The record date for common shareholders to receive the dividend is February 6, 2025 [1]
UPDATE -- Deep Dive into Capital Clean Carriers Energy Corp. Webinar
GlobeNewswire News Room· 2024-12-11 22:42
Group 1 - The critical role of LNG in the evolving energy landscape [2] - CCEC's strategic divestments and recapitalization to enhance focus on clean energy assets [3] - Insights into the company's strategic transformation into a C-Corp structure [4] Group 2 - An assessment of current market dynamics, challenges, and emerging opportunities in the clean energy transportation sector [4] - CCEC operates a fleet of 20 high specification vessels, including 12 latest generation LNG carriers and eight legacy Neo-Panamax container vessels [5] - CCEC has six additional latest generation LNG carriers and other vessels under construction, to be delivered between Q1 2026 and Q3 2027 [5]
Capital Clean Energy Carriers Corp. Announces Results of Its Annual Meeting of Shareholders
GlobeNewswire News Room· 2024-12-11 21:05
Company Overview - Capital Clean Energy Carriers Corp. (NASDAQ: CCEC) is an international shipping company focused on gas carriage solutions and energy transition [2] - The company operates a fleet of 18 high specification vessels, including 12 latest generation LNG carriers and six legacy Neo-Panamax container vessels [2] - CCEC plans to sell three Neo-Panamax container vessels by the first quarter of 2025 [2] - The company has six additional latest generation LNG carriers, six dual-fuel medium gas carriers, and four handy liquid CO2/multi-gas carriers under construction, expected to be delivered between Q1 2026 and Q3 2027 [2] Recent Developments - The company held its Annual Meeting of Shareholders on December 5, 2024, in Piraeus, Greece [1] - At the meeting, all eight current directors were re-elected to serve until the 2025 Annual Meeting of Shareholders [1] - The appointment of Deloitte Certified Public Accountants S.A. as the independent registered public accounting firm for the fiscal year ending December 31, 2024, was ratified [1]
Deep Dive into Capital Clean Carriers Energy Corp. Webinar
GlobeNewswire News Room· 2024-12-11 21:05
Group 1 - The critical role of LNG in the evolving energy landscape [2] - CCEC's strategic divestments and recapitalization to enhance focus on clean energy assets [3] - Insights into the company's strategic transformation into a C-Corp structure [4] - An assessment of current market dynamics, challenges, and emerging opportunities in the clean energy transportation sector [4] Group 2 - CCEC is one of the world's leading platforms of gas carriage solutions with a focus on energy transition [5] - The company's fleet includes 20 high specification vessels, including 12 latest generation LNG carriers and eight legacy Neo-Panamax container vessels [5] - CCEC has six additional latest generation LNG carriers, six dual-fuel medium gas carriers, and four handy liquid CO2/multi-gas carriers under construction, to be delivered between Q1 2026 and Q3 2027 [5] - The company has agreed to sell five Neo-Panamax container vessels by Q1 2025 [5]