Capital Clean Energy Carriers Orders $769.5M Next-Gen LNG Carriers for 2028-29 Delivery
CCEC has placed a $769.5 million en-bloc order for three latest-technology LNG carriers at HD Hyundai Samho, with deliveries in Q3 2028 and Q1 2029. These vessels boost CCEC’s position as the largest US-listed LNG shipping company, growing its fleet to 12 operational LNG/Cs and nine on order.
1. Capital Clean Energy Carriers Secures Three Advanced LNG Carriers
Capital Clean Energy Carriers Corp. has placed an en-bloc order worth $769.5 million with HD Hyundai Samho in South Korea for three latest-technology LNG carriers, with one vessel expected in Q3 2028 and two in Q1 2029. These ships feature new fuel-efficiency upgrades and reduced boil-off rates, positioning them among the most efficient LNG carriers globally. The contract reinforces CCEC’s standing as the largest U.S.-listed LNG shipping company, bringing its total fleet to 12 vessels currently in service and nine on order.
2. Fleet Growth Aligned with Global Liquefaction Capacity Expansion
CCEC’s newbuild deliveries now span from Q3 2026 through Q1 2029, coinciding with projected growth in global LNG liquefaction capacity from 493 mtpa today to at least 649 mtpa by 2030. In addition to the three LNG carriers, the company has ten gas-carrier newbuilds on order—four handy LCO₂/multi-gas carriers and six dual-fuel medium gas carriers—with first deliveries slated for Q1 2026. The combined under-construction fleet commands approximately $3.0 billion in contracted revenue and carries an average remaining charter duration of 6.9 years.
3. Revised Capex Profile and Financial Strength
Following the additional LNG carrier order, CCEC’s capital expenditure schedule through 2029 totals $2.44 billion. The CAPEX breakdown includes $1.92 billion for newbuild LNG carriers and $522.4 million for the gas fleet. As of December 29, 2025, the company has paid $386.1 million in advance to shipyards. CEO Jerry Kalogiratos highlighted that the transaction secures attractive pricing and delivery timing to meet undersupplied market conditions, while disciplined contract mix supports long-term shareholder value.
4. Woodside and BOTAS Ink Nine-Year LNG Supply Agreement
Australia’s Woodside Energy has signed a binding deal with Turkish state-owned BOTAS to supply approximately 5.8 billion cubic meters of LNG annually over up to nine years, commencing in 2030. The agreement strengthens Turkey’s energy security by diversifying supply sources and provides Woodside with a stable off-take arrangement aligned with its long-term portfolio strategy.