Capital Clean Energy Carriers (CCEC), the diversified shipowner led by Evangelos Marinakis, has agreed to sell one of its three Panamax container ships while also securing long-term financing for its expanding fleet of medium-sized gas carriers. The moves reflect the company’s accelerated shift from container shipping to LNG and broader energy transition businesses.
Sale of “Manzanillo Express” Strengthens Balance Sheet
CCEC has entered into an agreement with an undisclosed buyer for the sale of the 13,312 TEU container ship Manzanillo Express, built in 2022. The vessel is scheduled for delivery in Q3 2025, and the deal is expected to generate a book gain of about US$6.9 million. Proceeds from the transaction will be directed towards debt repayment and general corporate purposes.
Following the sale, CCEC will retain two 13,000 TEU container ships, both secured under long-term charter agreements until 2033, with options extending to 2039. The divestment forms part of CCEC’s broader transformation strategy to reduce exposure to the container sector and prioritize LNG and energy transition investments.
Securing Financing for Six Medium-Sized Gas Carriers
In parallel with the disposal, CCEC has finalized a seven-year financing package worth US$310.1 million, extendable to US$376.6 million, for six medium-sized gas carriers under construction. The order includes:
-
Four 45,000 cbm LPG carriers from HD Hyundai Mipo
-
Two 40,000 cbm LPG carriers from Nantong CIMC SOE
The financing arrangement also covers pre-delivery support, positioning CCEC to strengthen its gas shipping operations.
Currently, the company operates a fleet of 15 vessels, including 12 LNG carriers and 3 container ships. Its orderbook spans 16 vessels, comprising LNG carriers, dual-fuel medium-sized gas carriers, and LCO₂/multi-gas carriers, all scheduled for delivery between 2026 and 2027.
The dual announcements highlight CCEC’s commitment to reshaping its fleet toward gas shipping and energy transition assets. By divesting container ships and securing financing for gas carriers, the company is reinforcing its position as a forward-looking energy transport player, well-aligned with global decarbonization trends.
Did you subscribe to our daily Newsletter?
It’s Free Click here to Subscribe!
Source: i MARINE
