Core Viewpoint - Capital Clean Energy Carriers Corp. has announced the sale of the M/V Buenaventura Express, aligning with its strategic shift towards gas transportation and energy transition [1][3]. Group 1: Sale Details - The memorandum of agreement for the sale was signed on October 29, 2025, with delivery expected in the first quarter of 2026 [2]. - The total expected book gain from the sale is estimated at $4.4 million, with cash proceeds aimed at reducing outstanding debt of approximately $84.4 million and for general corporate purposes [2]. Group 2: Strategic Focus - The divestment of the container vessel is part of the company's strategy to focus on transporting various forms of gas, including liquefied natural gas (LNG) and new commodities related to energy transition [3]. - Since February 2024, the company has sold or agreed to sell 14 container vessels, generating expected gross proceeds of around $814.3 million [3]. Group 3: Fleet Composition - Following the latest sale, the company will retain only one 13,312 TEU container vessel, which is under fixed employment until 2033, with options to extend until 2039 [3]. - The company's fleet includes 14 high specification vessels, comprising 12 latest generation LNG carriers and two legacy Neo-Panamax container vessels [4].
Capital Clean Energy Carriers Corp. Announces the Sale of a Neo-Panamax 13,312 TEU Container Vessel