Capital Clean Energy Carriers and CMA CGM form a joint venture to construct an LNG bunkering vessel, enhancing marine fuel supply.
Quiver AI Summary
Capital Clean Energy Carriers Corp. (CCEC) announced a joint venture with CMA CGM S.A. to construct and operate a 20,000 cbm dual-fuel LNG bunkering vessel, with both companies holding a 50% stake. This initiative marks CCEC's entry into the LNG bunkering market, expanding its operations into marine fuel supply. A shipbuilding contract worth $82.8 million has been signed with Nantong CIMC Sinopacific Offshore & Engineering for the vessel's construction, expected to be delivered in the third quarter of 2028. The vessel will incorporate advanced technology for safe LNG transfers and comply with environmental standards. Additionally, the joint venture plans to secure a 12-year time charter with a CMA CGM and TotalEnergies partnership upon delivery, highlighting CCEC's commitment to developing infrastructure for a cleaner fuel supply and establishing a new revenue stream.
Potential Positives
- Formation of a joint venture with CMA CGM S.A. for constructing and operating a dual-fuel LNG bunkering vessel, highlighting strategic partnerships in the industry.
- Entry into the LNG bunkering segment, which represents a new revenue stream and expansion of CCEC's business model.
- The vessel will incorporate advanced technologies and emissions reduction systems, aligning with global environmental standards and supporting the energy transition goals.
- Expected long-term charter agreement with TotalEnergies S.A., providing financial stability and predictable revenue for the company.
Potential Negatives
- The company is entering a capital-intensive joint venture in a new segment (LNG bunkering) that may increase financial risk and require substantial investment, particularly with an expected delivery in 2028.
- There is a disclaimer regarding forward-looking statements, which emphasizes the uncertainties and risks associated with the company's future expectations and goals.
FAQ
What is the purpose of the new joint venture between CCEC and CMA CGM?
The joint venture aims to construct, charter, and operate a 20,000 cbm dual-fuel LNG bunkering vessel.
How much is the contract price for the LNG bunkering vessel?
The vessel's construction contract is priced at $82.8 million.
When is the LNG bunkering vessel expected to be delivered?
The delivery of the vessel is anticipated in the third quarter of 2028.
What role does LNG play in the shipping industry’s decarbonization?
LNG serves as a cleaner fuel option, crucial for reducing emissions in the maritime sector.
What companies are involved in the LNG bunkering time charter?
The time charter involves a joint venture between CMA CGM and TotalEnergies, lasting 12 years.
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
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$CCEC Analyst Ratings
Wall Street analysts have issued reports on $CCEC in the last several months. We have seen 1 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
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 $24.0.
Here are some recent targets:
- Stephanie Moore from Jefferies set a target price of $23.0 on 05/04/2026
- Gregory Lewis from BTIG set a target price of $25.0 on 12/19/2025
Full Release
ATHENS, Greece, June 12, 2026 (GLOBE NEWSWIRE) -- Capital Clean Energy Carriers Corp. (NASDAQ: CCEC), an international owner of ocean-going gas vessels (the “Company,” “CCEC,” “we,” or “us”), today announced the formation of a joint venture company (the “Joint Venture”) with CMA CGM S.A. Each party will hold a 50% ownership stake in the Joint Venture, which has been established for the purpose of constructing, chartering, and operating one 20,000 cbm dual-fuel LNG bunkering vessel. The Joint Venture marks CCEC’s entry into the LNG bunkering segment, the Company’s first vessel dedicated to marine fuel supply.
In connection with this transaction, the Joint Venture has entered into a shipbuilding contract with Nantong CIMC Sinopacific Offshore & Engineering Co., Ltd. (“CIMC SOE”) for the construction of the vessel at a contract price of $82.8 million, with delivery expected in the third quarter of 2028.
Incorporating the latest technologies, the vessel is designed to enable safe and reliable LNG transfers across a wide range of operating conditions. Advanced emissions reduction systems, combined with highly efficient dual-fuel power generation, are designed to help the vessel meet applicable environmental standards of the global shipping industry.
In addition, the Joint Venture is expected to enter into a 12-year time charter with a joint venture company formed between CMA CGM S.A. and TotalEnergies S.A., commencing upon delivery of the vessel from the shipyard.
Jerry Kalogiratos, CEO of Capital Clean Energy Carriers, commented : “This joint venture marks CCEC’s entry into LNG bunkering — a natural extension of our gas platform from carriage into marine fuel supply. Working alongside counterparties of the calibre of CMA CGM and TotalEnergies, we can help build the infrastructure that allows LNG to deliver a cleaner emissions profile, alongside security and diversity of supply, while opening a new, long-term contracted revenue stream for the Company through the Joint Venture.”
Christine Cabau, Executive Vice President Operations and Assets of CMA CGM S.A. said: “Together with Capital Clean Energy Carriers and TotalEnergies, we are committed to building a reliable and high-performance LNG bunkering supply chain, which is essential to ensuring the availability and reliability of fuels such as LNG that represent the first step in the decarbonization of our industry.”
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 17 high specification vessels, including 13 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 eight 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 second 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 the formation of the Joint Venture, the execution and timing of the time charter, the construction and timely delivery of the vessel, the performance of the Company’s joint venture partner and the charterer, the financing of the Company’s share of the vessel’s construction cost, and 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]
