Capital Clean Energy Carriers Corp., a shipping company, provides marine transportation services in Greece.
The company is an international owner of ocean-going vessels, with a focus on the energy transition. As of December 31, 2024, company’s in-the-water fleet included 17 high specification vessels, including 12 latest generation Liquified Natural Gas Carriers (LNG/Cs) and five legacy Neo-Panamax container vessels two of which it has agreed to sell by the first quarter of 2025. In addition, t...
Capital Clean Energy Carriers Corp., a shipping company, provides marine transportation services in Greece.
The company is an international owner of ocean-going vessels, with a focus on the energy transition. As of December 31, 2024, company’s in-the-water fleet included 17 high specification vessels, including 12 latest generation Liquified Natural Gas Carriers (LNG/Cs) and five legacy Neo-Panamax container vessels two of which it has agreed to sell by the first quarter of 2025. In addition, the company’s under-construction fleet includes six additional latest generation LNG/Cs, six dual-fuel Medium Gas Carriers (MGCs) and four Handy Liquified CO2 Multi-Gas Carriers (LCO2 – HMGC), to be delivered between the first quarter of 2026 and the third quarter of 2027. The company’s vessels operate under medium to long-term time and bareboat charters.
The company has agreed to acquire six additional latest generation LNG/C vessels and 10 gas carriers, including four LCO2/multi gas and six LPG-ammonia carriers, to be delivered to the company between the first quarter of 2026 and the third quarter of 2027. As of March 31, 2025, the DWT weighted average age of the company’s on the water fleet is approximately 2.4 years. Of the 18 LNG/C vessels that the company owns or has agreed to acquire (which includes the six remaining Newbuild LNG/C Vessels it has agreed to acquire from Capital Maritime), its 12 on the water LNG/C vessels are currently chartered under medium- to long-term charters (with remaining revenue-weighted charter of approximately 6.6 years as of March 31, 2025, based on earliest possible expiration) to reputable charters, such as BGT, BP, Cheniere, Engie, Hartree, Jera, Qatar Energy Trading and Tokyo Gas.
All of the company’s container carrier vessels are chartered under long-term charters (with remaining revenue-weighted charters of approximately 7.6 years as of March 31, 2025, based on earliest expiration) to Hapag-Lloyd. All of the vessels in the company’s fleet are or were designed, constructed, inspected and tested in accordance with the rules and regulations of Lloyd’s Register of Shipping (Lloyd’s), Bureau Veritas (BV), DNV GL, Korean Register (KR) or the American Bureau of Shipping (ABS).
Strategy
The key elements of the company’s strategy are to maintain a balanced chartering strategy; expand its fleet through accretive acquisitions; and maintain and build on its ability to meet rigorous industry and regulatory safety standards.
Charters
The company generates revenues by charging its charterers for the use of its vessels. The company’s on the water vessels are under contracts with Bonny Gas Transport Limited (BGT), BP Gas Marketing Limited (BP), Cheniere Marketing International LLP (Cheniere), Energy Marketing Singapore Pte Ltd (Engie), Hapag-Lloyd Aktiengesellschaft (Hapag-Lloyd), Hartree Partners Power & Gas Company (UK) Limited (Hartree), LNG Marine Transport Limited (Jera), Qatar Energy Trading LLC (Qatar Energy Trading), and Tokyo LNG Tanker Co. Ltd. (Tokyo Gas).
Regulation
The company’s operations and its status as an operator and manager of ships are extensively regulated by international conventions, National Maritime Regulations of Country of Registry, Classification Rules and Regulations, IACS Quality Standards, U.S. federal, state and local as well as non-U.S. health, safety and environmental protection laws and regulations, including the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA), the U.S. Ports and Waterways Safety Act of 1972, the Act to Prevent Pollution from Ships, the U.S. Clean Air Act (Clean Air Act), the U.S. Water Pollution Control Act (Clean Water Act) as amended by the Oil Pollution Act of 1990, Japanese Marine traffic safety laws, Australian Marine Orders regarding stevedores safety, as well as regulations adopted by the IMO and the EU, State air emission requirements, IMO/United States Coast Guard (USCG)/Environmental Protection Agency (EPA) pollution regulations and various SOLAS amendments, International Labour Organization (ILO) regulations, International Telecommunications Union (ITU) regulations, as well as insurance requirements and other regulations.
History
The company was founded in 2007. The company was incorporated in 2007 as a Marshall Islands limited partnership. The company was formerly known as Capital Product Partners L.P. and changed its name to Capital Clean Energy Carriers Corp. in August 2024.