Core Viewpoint - Capital Clean Energy Carriers Corp. has ordered three advanced LNG carriers, reinforcing its position as the largest US-listed LNG shipping company and aligning with the anticipated growth in LNG demand [1][3][5] Group 1: Company Developments - The company has secured three LNG carriers at Hyundai, with a total shipbuilding cost of $769.5 million, scheduled for delivery in 2028 and 2029 [2][3] - Currently, the company operates 12 LNG carriers and has nine more on order, with deliveries expected from the third quarter of 2026 to the first quarter of 2029 [3][6] - The company has a total of approximately $3.0 billion in contracted revenue and an average remaining charter duration of 6.9 years, supporting its fleet expansion strategy [3] Group 2: Financial Overview - As of December 29, 2025, the company has paid $386.1 million in advance for its under-construction fleet [4] - The revised capital expenditure schedule indicates a total CAPEX of $2,438.6 million from 2025 to 2029, with significant expenditures planned for newbuild LNG carriers and the gas fleet [7] Group 3: Strategic Insights - The CEO emphasized that the transaction aligns with the company's strategy and objectives, allowing for attractive pricing and terms for high-specification vessels [5] - The company aims to create shareholder value through a disciplined mix of contracted and open vessel capacity, while also securing long-term employment for its newbuilding LNG carriers [3][5]
Capital Clean Energy Carriers Corp. Announces Further Expansion with an Order for Three Latest Specification LNG Carriers Delivering in 2028 and 2029