Capital Clean Energy Carriers Corp. to sell LNG/C Amore Mio I to joint venture with BGN Group, projected revenue $485.6 million.
Quiver AI Summary
Capital Clean Energy Carriers Corp. (CCEC) has announced an agreement to sell the LNG/C Amore Mio I, a newly built LNG carrier, to a joint venture in which CCEC holds a 51% stake and BGN Group holds 49%. The vessel is set to be acquired in early 2027, with a concurrent 10-year charter secured with BGN INT DMCC that could generate revenues of up to approximately $485.6 million, potentially extending revenue through 2043 if all options are exercised. This joint venture will be executed through BM Capital HoldCo LLC, and CCEC plans to refinance existing financing on the vessel upon acquisition. CCEC's CEO emphasized the strategic significance of this deal, showcasing their ability to attract investment and enhance their charter fleet, while BGN's director highlighted their commitment to expanding their maritime operations with a focus on LNG shipping. This transaction is expected to strengthen CCEC's balance sheet and improve cash flow visibility for investors, increasing their contracted revenues significantly.
Potential Positives
- CCEC secures a 10-year time charter for the LNG/C Amore Mio I, potentially generating up to $485.6 million in revenues through 2043, enhancing long-term revenue stability.
- The joint venture with BGN Group represents a strategic partnership with a major player in the energy sector, enhancing credibility and opportunities for future collaborations.
- The transaction diversifies and strengthens CCEC’s charter portfolio and cash flow visibility, supporting financial health and flexibility for investors.
- Average remaining firm charter duration increases, significantly boosting the company's contracted revenues from $2.9 billion to $4.3 billion if extension options are exercised.
Potential Negatives
- The reliance on a joint venture with BGN Group, which holds a minority stake, may raise concerns about control and decision-making for key operations and strategies.
- Forward-looking statements highlight potential risks and uncertainties that could materially affect the company's future performance, signaling a lack of guaranteed success in their strategic objectives.
- Increased leverage and potential refinancing of the existing financing on the vessel may expose the company to financial risks, depending on the terms and market conditions at the time of refinancing.
FAQ
What is the main announcement from Capital Clean Energy Carriers Corp.?
CCEC announced the sale of the LNG/C Amore Mio I to a joint venture subsidiary, with a 10-year charter to BGN INT DMCC.
When is the expected acquisition of the LNG/C Amore Mio I?
The acquisition of the vessel is expected to take place in the first quarter of 2027.
What are the projected revenues from the vessel charter?
The vessel charter is expected to generate up to approximately $485.6 million in revenues, extending to 2043 if all options are exercised.
Who are the partners in the joint venture?
The joint venture includes CCEC holding a 51% interest and BMarine Shipping Investment FZCO holding 49%.
How many vessels does CCEC currently operate?
CCEC operates a fleet of 14 high specification vessels, including 12 latest generation LNG carriers.
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 4 institutional investors add shares of $CCEC stock to their portfolio, and 15 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. removed 36,362 shares (-25.4%) from their portfolio in Q4 2025, for an estimated $758,874
- MGO ONE SEVEN LLC removed 10,318 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $215,336
- SQUAREPOINT OPS LLC removed 6,281 shares (-37.0%) from their portfolio in Q4 2025, for an estimated $131,084
- SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 2,477 shares (-8.7%) from their portfolio in Q4 2025, for an estimated $51,694
- BANK OF AMERICA CORP /DE/ removed 1,397 shares (-30.4%) from their portfolio in Q4 2025, for an estimated $29,155
- WELLS FARGO & COMPANY/MN removed 1,145 shares (-15.7%) from their portfolio in Q4 2025, for an estimated $23,896
- ROCKEFELLER CAPITAL MANAGEMENT L.P. removed 963 shares (-10.5%) from their portfolio in Q4 2025, for an estimated $20,097
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$CCEC Analyst Ratings
Wall Street analysts have issued reports on $CCEC in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- BTIG issued a "Buy" rating on 12/19/2025
- Evercore ISI Group issued a "Outperform" rating on 11/03/2025
To track analyst ratings and price targets for $CCEC, check out Quiver Quantitative's $CCEC forecast page.
$CCEC Price Targets
Multiple analysts have issued price targets for $CCEC recently. We have seen 2 analysts offer price targets for $CCEC in the last 6 months, with a median target of $25.5.
Here are some recent targets:
- Gregory Lewis from BTIG set a target price of $25.0 on 12/19/2025
- Jonathan Chappell from Evercore ISI Group set a target price of $26.0 on 11/03/2025
Full Release
ATHENS, Greece, April 15, 2026 (GLOBE NEWSWIRE) -- Capital Clean Energy Carriers Corp. (NASDAQ: CCEC) (“CCEC” or the “Company”) today announced that it has agreed to sell the LNG/C Amore Mio I (2023-built 174,000 cbm) to a subsidiary of a joint venture company (the “Joint Venture”) owned 51% by CCEC and 49% by a company affiliated with global energy trader BGN Group in the first quarter of 2027.
The Joint Venture has secured a 10-year time charter (with two three-year extension options) of the vessel to BGN INT DMCC commencing simultaneously with the acquisition of the vessel and expected to generate aggregate revenues (including all options) of up to approximately $485.6 million and extending up to 2043 if all options are exercised.
Joint Venture Structure
The Joint Venture will be effected through BM Capital HoldCo LLC, a newly formed Marshall Islands limited liability company, in which CCEC holds a 51% interest and BMarine Shipping Investment FZCO holds the remaining 49%. BM Capital LLC, a wholly owned subsidiary of BM Capital HoldCo LLC, will acquire the vessel for $230 million.
The existing financing on the vessel is expected to be refinanced upon acquisition of the vessel in the first quarter of 2027.
Jerry Kalogiratos, CEO of CCEC, commented: “ This innovative transaction enables CCEC to achieve several strategic objectives simultaneously. Firstly, it highlights our ability to attract co-investment with a major energy trading partner. Secondly, securing a new long-term charter underscores the enduring strength of the LNG shipping sector for reputable owners operating state-of-the-art LNG carriers. Thirdly, the new charter enhances the diversity and quality of our charter portfolio, provides further balance sheet flexibility and strengthens cash flow visibility for our investors. ”
Ozan Turgut, BGN Shipping Director commented: “ We are delighted to enter into this landmark agreement with CCEC. This is a major milestone for BGN as we continue to invest in and expand our maritime operations. Taking delivery of our first LNG shipping vessel significantly enhances our fleet capacity and our ability to meet growing demand across our global customer base.
“BGN has set an ambition to increase its fleet with two new LNG vessels by 2027 and ten new LPG vessels by 2028. I’m pleased to say that taking delivery of the LNG/C Amore Mio I in early 2027 puts us firmly on track to achieve this goal .”
As a result of this transaction, as at end March 2026, CCEC will have average remaining firm charter duration for its LNG/Cs of 6.9 years and $2.9 billion in contracted revenues, which if all extension options are exercised by the charterers, would increase to average duration of 9.9 years and total contracted revenues of $4.3 billion.
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 14 high specification vessels, including 12 latest generation LNG carriers (“LNG/C”), one handy LCO2/multi-gas carrier and one legacy Neo-Panamax container vessel. In addition, CCEC’s under-construction fleet includes nine additional latest generation LNG/Cs, six dual-fuel medium gas carriers and three handy LCO2/multi-gas carriers, to be delivered between the second quarter of 2026 and the first quarter of 2029.
For more information about the Company, please visit: www.capitalcleanenergycarriers.com
About the BGN Group
BGN is the 6th largest independent energy and commodities trading group and a leader in transition fuels and cleaner energies. With over 8 decades experience in the energy sector, BGN trades, distributes, stores and finances energy solutions globally, handling approximately 65 million metric tons of commodities annually. BGN is present throughout the energy value chain, having established strong partnerships with refineries, producers, state oil companies and leading industrial and petro-chemical companies.
Learn more at
bgn-int.com
.
Forward-Looking Statements
The statements in this press release that are not historical facts, including, among other things, statements related to CCEC’s ability to pursue growth opportunities and CCEC’s expectations or objectives regarding future vessel deliveries and charter rate 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, 2024, filed on April 17, 2025. 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]