Capital Clean Energy Sells Neo-Panamax Container Ship

Capital Clean Energy Carriers Corp. (CCEC) has announced the strategic sale of its Neo-Panamax 13,312 TEU container vessel, the M/V Buenaventura Express. This significant transaction underscores CCEC’s ongoing commitment to optimizing its fleet and accelerating its transition towards a specialized focus on clean energy carriers. The eco-container vessel, built in 2023, is set for delivery to its new owners during the first quarter of 2026.

Strategic Shift to Gas Transportation

This vessel sale is a pivotal step in CCEC’s long-term strategy to pivot its operations towards the transportation of various forms of gas to industrial customers. This includes liquified natural gas (LNG) and other emerging commodities vital for the global energy transition. Since February 2024, CCEC has successfully sold or agreed to sell a total of 14 container vessels, including the Buenaventura Express, reinforcing its dedication to this future-oriented maritime sector.

Financial Impact and Future Outlook

The divestment generates substantial financial benefits for Capital Clean Energy Carriers Corp. The company anticipates an expected book gain of $4.4 million from the sale. The cash proceeds will be strategically utilized to pay down outstanding debt, estimated at $84.4 million, and for general corporate purposes, strengthening CCEC’s financial position. This move positions CCEC as a key player in the evolving landscape of sustainable shipping.

CCEC continues to streamline its portfolio, divesting from container shipping to concentrate fully on the growing demand for gas and clean energy transportation solutions. This strategic repositioning aligns the company with global sustainability initiatives, aiming to provide essential infrastructure for a greener future in the maritime industry.