Capital Clean Energy Carriers Corp. Expands Fleet with Order for Three New LNG Carriers

Strategic Fleet Expansion

Capital Clean Energy Carriers Corp. (NASDAQ: CCEC), a prominent international shipping company based in Athens, Greece, has announced a significant expansion of its fleet. The Company has placed an order for three latest technology LNG carriers (referred to as LNG/Cs) at HD Hyundai Samho Co., Ltd in South Korea. These vessels are slated for delivery in the third quarter of 2028 and the first quarter of 2029.

The total investment for this en-bloc shipbuilding order amounts to $769.5 million. The new LNG carriers are designed with cutting-edge specifications aimed at optimizing fuel consumption and reducing boil-off rates, positioning them among the most efficient in the global fleet.

Current Fleet and Future Projections

With the acquisition of these new vessels, CCEC reaffirms its dominance as the largest US-listed LNG shipping company, managing a total of 12 LNG/Cs currently operational and an additional nine on order. These newbuild deliveries will coincide with the projected increase in LNG liquefaction capacity, expected to rise from 493 mtpa today to at least 649 mtpa by 2030.

Additionally, the Company has secured orders for ten other gas carriers, which include:

• Four handy LCO2/multi-gas carriers
• Six dual-fuel medium gas carriers

Deliveries for this 'Gas Fleet' are anticipated to begin in the first quarter of 2026, further enhancing CCEC's competitive position.

Financial Stability and Growth Strategy

The current fleet strategy of CCEC is supported by approximately $3.0 billion in contracted revenue, with an average remaining charter duration of 6.9 years. This solid financial framework underpins the Company’s ongoing expansion strategy, creating value for shareholders through a selective mix of contracted and open vessel capacity.

As part of its strategy, CCEC has successfully secured long-term employment for three of its newbuilding LNG/Cs during 2025, while improving financial strength through capital recycling from its older container fleet.

Revised Capital Expenditure Schedule

The contracting of these three additional LNG carriers has necessitated a revision of the Company’s capital expenditure schedule, which is now as follows (in USD million):

            CAPEX Schedule of CCEC:
            2025      2026    2027    2028    2029    TOTAL
            Q4        Q1      Q2      Q3      Q4      Q1
            Newbuild LNG/C          -61.9   51.2   93.7   -70.2  224.7  -49.3  24.7  24.7   211.0  -372.8  1,916.2
            Gas Fleet               7.8       74.0   105.4  115.4  47.7   89.3   46.9  35.9   -       -       522.4
            TOTAL                   7.8      135.9  156.6  509.1  47.7   791.5  71.6  35.9   49.3   24.7  24.7   211.0  -372.8  2,438.6
        

To date, CCEC has paid $386.1 million in advance to shipyards for its under-construction fleet.

CEO's Commentary

Jerry Kalogiratos, CEO of CCEC, stated, “This is an opportunistic transaction for CCEC, which closely aligns with our executed strategy and forward objectives. I believe that we have secured attractive pricing and payment terms for state-of-the-art, high specification vessels, whose deliveries we expect to coincide with increased demand for LNG shipping from various LNG projects coming online at that time.”

About Capital Clean Energy Carriers Corp.

Capital Clean Energy Carriers Corp. (NASDAQ: CCEC) is one of the world’s leading shipping companies focused on gas carriage solutions, aligning with energy transition initiatives. CCEC's operational fleet includes 14 high specification vessels, with significant future expansion planned through new orders and under-construction vessels.

For more information, visit: www.capitalcleanenergycarriers.com