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Capital Clean Energy Carriers Corp.(CCEC) - 2025 Q3 - Earnings Call Presentation
2025-10-30 14:00
Q3 2025 EARNINGS PRESENTATION Important Notice This presentation contains forward-looking statements (as such term is defined in Section 21E of the Securities Exchange Act of 1934, as amended). These statements can be identified by the fact that they do not relate only to historical or current facts. In particular, forward-looking statements include all statements that express forecasts, expectations, plans, outlook, objectives and projections with respect to future matters, including, among other things, t ...
Capital Clean Energy Carriers Corp. Announces the Sale of a Neo-Panamax 13,312 TEU Container Vessel and Secures Financing for Six Dual Fuel Medium Gas Carriers
Globenewswireยท 2025-08-25 13:00
Core Viewpoint - Capital Clean Energy Carriers Corp. (CCEC) is strategically shifting its focus towards gas transportation, highlighted by the sale of a container vessel and securing financing for new gas carriers [3][8]. Vessel Sale - CCEC signed a memorandum of agreement on August 7, 2025, for the sale of the M/V Manzanillo Express, a 13,312 TEU container vessel, expected to be delivered in Q3 2025 [1]. - The company anticipates a gain of approximately $6.9 million from this sale, with cash proceeds aimed at reducing outstanding debt of about $90.4 million by the end of Q3 2025 [2]. Strategic Shift - The sale aligns with CCEC's strategic plan announced in November 2023, focusing on the transportation of various gas forms, including liquefied natural gas (LNG) [3]. - Since February 2024, CCEC has sold or agreed to sell 13 container vessels, generating expected gross proceeds of approximately $694.2 million, which will be reinvested in advanced gas transportation assets [3]. Financing Arrangements - On August 13, 2025, CCEC secured a seven-year financing arrangement for six dual-fuel medium gas carriers (MGCs) under construction, with a total expected financing amount of $310.1 million, potentially increasing to $376.6 million if long-term employment is secured [4][5]. - The financing includes options for pre-delivery financing, enhancing the company's liquidity and operational flexibility [4]. Fleet Overview - CCEC's current fleet includes 15 high specification vessels, with a focus on energy transition and gas carriage solutions [7]. - The under-construction fleet consists of six additional latest generation LNG carriers and six dual-fuel medium gas carriers, scheduled for delivery between Q1 2026 and Q3 2027 [9].