StockWatch
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Marine Transportation
Joint VentureJun 12, 2026, 09:01 AM

Capital Clean Energy Carriers forms JV for $82.8M LNG bunkering vessel

AI Summary

Capital Clean Energy Carriers Corp. announced the formation of a 50/50 joint venture with CMA CGM S.A. to construct, charter, and operate a 20,000 cbm dual-fuel LNG bunkering vessel. The Joint Venture has entered into a shipbuilding contract for $82.8 million, with delivery expected in the third quarter of 2028. This strategic move marks CCEC’s entry into the LNG bunkering segment and is expected to generate a new, long-term contracted revenue stream through a 12-year time charter with a joint venture formed by CMA CGM S.A. and TotalEnergies S.A.

Key Highlights

  • Capital Clean Energy Carriers formed a 50/50 joint venture with CMA CGM S.A.
  • The JV will construct, charter, and operate one 20,000 cbm dual-fuel LNG bunkering vessel.
  • The JV signed a shipbuilding contract for $82.8 million with CIMC SOE.
  • Vessel delivery is expected in the third quarter of 2028.
  • The JV will enter a 12-year time charter with a CMA CGM/TotalEnergies JV.
  • This marks CCEC's entry into the LNG bunkering segment.