Capital Clean Energy Carriers Corp. announced the delivery of LNG Carrier 'Agamemnon', initiating a charter with a major energy company.
Quiver AI Summary
Capital Clean Energy Carriers Corp. announced the successful delivery of its new LNG Carrier, 'Agamemnon', on June 17, 2026. The vessel is set to begin a time charter with a major energy company that will run through March 2027. After this initial charter, CCEC has options to deploy the Agamemnon on either of two long-term charters, each offering firm periods of five to seven years with additional options. The acquisition was financed with cash and a $216 million secured bridge loan, which will be refinanced in July 2026 through a JOLCO facility. This delivery marks the 14th modern LNG carrier in CCEC's fleet, which also includes seven additional carriers currently under construction. CCEC focuses on providing gas carriage solutions while supporting energy transition initiatives.
Potential Positives
- Successful delivery of the LNG Carrier 'Agamemnon', enhancing the operational capacity of Capital Clean Energy Carriers Corp.
- Commencement of a time charter with a major energy company, ensuring a steady revenue stream through March 2027.
- The option for long-term charters following the initial period, providing potential for sustained income for a minimum of five years.
- Expansion of the fleet with the delivery of the 14th latest-generation LNG Carrier and ongoing construction of seven additional vessels, indicating growth and commitment to modern maritime solutions.
Potential Negatives
- Funding for the acquisition of the LNG/C Agamemnon relied on a $216.0 million senior secured bridge loan, indicating potential financial strain or leverage risk.
- The need for refinancing in July 2026 introduces uncertainty in the company's financial stability and may impact operational plans.
- The extensive forward-looking statements and associated risks could lead to investor concerns about the company's ability to meet its future goals and commitments.
FAQ
What is the recent delivery announced by Capital Clean Energy Carriers Corp?
Capital Clean Energy Carriers Corp. announced the delivery of the LNG Carrier 'Agamemnon' on June 17, 2026.
Who will the LNG/C Agamemnon be chartered to?
The LNG/C Agamemnon has commenced a time charter with a major energy company through March 2027.
How was the acquisition of the LNG/C Agamemnon funded?
The acquisition was funded using cash on hand and a $216.0 million senior secured bridge loan facility.
What future contracts are available for the LNG/C Agamemnon?
After its initial charter, it may begin a long-term charter originally allocated to LNG/C Athlos or LNG/C Archon.
How many vessels are currently under construction by CCEC?
CCEC's under-construction fleet includes seven latest-generation LNG carriers scheduled for delivery between 2026 and 2029.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$CCEC Hedge Fund Activity
We have seen 3 institutional investors add shares of $CCEC stock to their portfolio, and 21 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SQUAREPOINT OPS LLC removed 10,674 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $212,064
- MGO ONE SEVEN LLC removed 10,318 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $215,336
- MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. removed 3,582 shares (-3.4%) from their portfolio in Q1 2026, for an estimated $71,165
- BANK OF AMERICA CORP /DE/ removed 3,198 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $63,535
- MILLENNIUM MANAGEMENT LLC removed 2,327 shares (-8.8%) from their portfolio in Q1 2026, for an estimated $46,231
- ROYAL BANK OF CANADA removed 2,000 shares (-33.6%) from their portfolio in Q1 2026, for an estimated $39,734
- UBS GROUP AG removed 1,562 shares (-11.9%) from their portfolio in Q1 2026, for an estimated $31,032
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Full Release
ATHENS, Greece, June 18, 2026 (GLOBE NEWSWIRE) -- Capital Clean Energy Carriers Corp. (NASDAQ: CCEC), an international owner of ocean-going vessels (the "Company," "CCEC," "we" or "us"), today announced that it has successfully taken delivery of the LNG Carrier ("LNG/C") 'Agamemnon'.
Following its delivery on June 17, 2026, the LNG/C Agamemnon (HD Hyundai Samho Co., Ltd., 174,000 cbm) has commenced its previously announced time charter with a major energy company through March 2027. Upon completion of that charter, the vessel will, at the Company's option, commence either the long-term charter originally allocated to LNG/C Athlos or the one allocated to LNG/C Archon, with firm periods of five years and seven years, respectively, each including an additional five-year option at the charterer's discretion.
The acquisition of LNG/C Agamemnon was funded using cash on hand together with a new senior secured bridge loan facility of $216.0 million. This facility will be refinanced in July 2026 upon the drawdown of an eight-year JOLCO facility in the amount of $216.0 million.
Agamemnon is the 14th latest-generation LNG/C delivered to the Company. CCEC's under-construction fleet also includes seven additional latest-generation LNG/Cs, scheduled for delivery between the third quarter of 2026 and the first quarter of 2029.
About Capital Clean Energy Carriers Corp.
Capital Clean Energy Carriers Corp. (NASDAQ: CCEC), an international shipping company, is a leading platform of gas carriage solutions with a focus on energy transition. CCEC’s in-the-water fleet includes 18 high specification vessels, including 14 latest generation LNG/Cs, one legacy Neo-Panamax container vessel, one dual-fuel medium gas carrier and two handy LCO2/multi-gas carriers. In addition, CCEC’s under-construction fleet includes seven additional latest generation LNG/Cs, five dual-fuel medium gas carriers, two handy LCO2/multi-gas carriers and one LNG DF Bunkering vessel to be delivered between the third quarter of 2026 and the first quarter of 2029.
For more information about the Company, please visit: www.capitalcleanenergycarriers.com
Forward-Looking Statements
The statements in this press release that are not historical facts, including, among other things, statements related to CCEC’s delivery of strategic goals, ability to pursue growth opportunities and expectations or objectives regarding future vessel deliveries and share repurchase, charter rate and revenue expectations, are forward-looking statements (as such term is defined in Section 21E of the Securities Exchange Act of 1934, as amended). These forward-looking statements involve risks and uncertainties that could cause the stated or forecasted results to be materially different from those anticipated. For a discussion of factors that could materially affect the outcome of forward-looking statements and other risks and uncertainties, see “Risk Factors” in our annual report filed with the SEC on Form 20-F for the year ended December 31, 2025, filed on April 27, 2026. Unless required by law, CCEC expressly disclaims any obligation to update or revise any of these forward-looking statements, whether because of future events, new information, a change in its views or expectations, to conform them to actual results or otherwise. CCEC does not assume any responsibility for the accuracy and completeness of the forward-looking statements. You are cautioned not to place undue reliance on forward-looking statements.
Contact Details:
Investor Relations / Media
Brian Gallagher
EVP Investor Relations
Tel. +44 (770) 368 4996
E-mail:
[email protected]
Nicolas Bornozis/Markella Kara
Capital Link, Inc. (New York)
Tel. +1-212-661-7566
E-mail:
[email protected]
