Capital Clean Energy Carriers Forms Joint Venture with CMA CGM
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Capital Clean Energy Carriers (CCEC) announced the formation of a joint venture company with CMA CGM. 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 for the construction of the vessel at a contract price of $82.8M, with delivery expected in the third quarter of 2028. In addition, the joint venture is expected to enter into a 12-year time charter with a joint venture company formed between CMA CGM and TotalEnergies (TTE), commencing upon delivery of the vessel from the shipyard.
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Analyst Views on CCEC
Wall Street analysts forecast CCEC stock price to rise
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 21.210
Low
25.00
Averages
25.50
High
26.00
Current: 21.210
Low
25.00
Averages
25.50
High
26.00
About CCEC
Capital Clean Energy Carriers Corp is a Greece-based shipping company. The Company offers maritime services and solutions in gas carriage globally, focusing on renewable energy sources. Capital Clean Energy Carriers Corp operates a fleet of technologically equipped vessels, including liquefied natural gas (LNG) carriers and Neo-Panamax container vessels. The Company's vessels are chartered to global counterparts such as BP, Cheniere, CMA CGM, Engie, Hapag-Lloyd, Hartree, HMM, Maersk Lines, MSC, ONE, and ZIM, aiming for stable cash flows. Capital Clean Energy Carriers Corp follows policies towards greenhouse gas emissions reduction and global energy transition through shipping practices and vessel technologies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
CCEC Forms Joint Venture with CMA CGM for LNG Bunkering
- Joint Venture Formation: Capital Clean Energy Carriers Corp. (CCEC) has formed a joint venture with CMA CGM S.A., each holding a 50% stake, aimed at constructing, chartering, and operating a 20,000 cbm dual-fuel LNG bunkering vessel, marking CCEC's entry into the LNG bunkering sector and potentially opening a new long-term revenue stream for the company.
- Shipbuilding Contract: The joint venture has signed an $82.8 million shipbuilding contract with Nantong CIMC Sinopacific Offshore & Engineering Co., Ltd., with delivery expected in Q3 2028, incorporating the latest technologies to ensure safe and reliable LNG transfers under various operating conditions, thus meeting global shipping environmental standards.
- Long-term Charter Agreement: The joint venture is expected to enter into a 12-year time charter with a joint venture formed between CMA CGM and TotalEnergies, commencing upon delivery of the vessel, which will further enhance CCEC's competitiveness and market share in the LNG bunkering market.
- Strategic Implications: CCEC CEO Jerry Kalogiratos stated that this joint venture represents a natural extension of the company's gas platform, aiming to build LNG infrastructure in collaboration with CMA CGM and TotalEnergies, facilitating industry decarbonization while creating new revenue streams for the company.
See More
Capital Clean Energy Carriers Delivers New Vessels
- New Vessel Deliveries: Capital Clean Energy Carriers Corp. delivered the LNG carrier Archimidis on June 2, 2026, and the dual-fuel medium gas carrier Aristogenis on June 4, 2026, reflecting the company's ongoing efforts to expand its fleet and enhance market competitiveness.
- Increased Time Charters: The company secured new time charters for three LCO2/LPG carriers and two LNG carriers, expected to generate approximately $87.4 million in total revenue, further solidifying its revenue base.
- Revenue Backlog Growth: With the signing of new charters, CCEC's contracted revenue backlog now stands at approximately $3.1 billion, with an average remaining charter duration of 6.7 years, indicating stable revenue potential for the coming years.
- Future Development Plans: The company's under-construction fleet includes eight latest generation LNG carriers and five dual-fuel medium gas carriers, expected to be delivered between Q2 2026 and Q1 2029, further strengthening its leadership position in energy transition.
See More
CCEC Q1 2026 Earnings Call Transcript
See More
Capital Clean Energy Carriers Q1 Earnings Miss Expectations
- Earnings Report Shortfall: Capital Clean Energy Carriers reported a Q1 non-GAAP EPS of $0.37, missing expectations by $0.04, indicating pressure on profitability that may affect investor confidence.
- Revenue Decline: The company generated $98 million in revenue for Q1, a 3.9% year-over-year decrease, falling short of the $103 million forecast, reflecting weak market demand that could lead to unstable future cash flows.
- Dividend Declaration: Despite the disappointing performance, Capital Clean Energy Carriers declared a $0.15 dividend per share, demonstrating stability in cash flow management aimed at maintaining shareholder trust.
- Strategic Partnership: The company plans to sell an LNG carrier into a joint venture with a long-term charter deal, which could provide stable cash flows and enhance its competitive position in the market.
See More
Capital Clean Energy Carriers Corp. Reports Q1 2026 Financial Results
- Successful Bond Offering: The company completed a €250 million unsecured bond offering listed on the Athens Exchange with a seven-year maturity and a 3.75% coupon, which will finance capital expenditures and general corporate purposes.
- Shareholder Return Initiatives: The Board approved a $20 million share buyback program aimed at enhancing shareholder value, alongside announcing a cash dividend of $0.15 per share for Q1 2026, payable on May 20, 2026.
- Revenue and Expense Trends: Q1 2026 revenues totaled $98 million, a 3.9% decrease year-over-year primarily due to increased off-hire days for LNG carriers, while expenses rose to $54.3 million, a 25.7% increase, putting pressure on profitability.
- New Vessel Deliveries and Investments: The company took delivery of its second LCO2/multi-gas carrier, the Amadeus, and expedited the delivery of three LNG carriers, which is expected to enhance its transportation capacity and market competitiveness amid current geopolitical tensions.
See More
Virtual Investor Conferences Offer On-Demand Viewing
- On-Demand Access: Presentations from the April 16, 2026 Oil & Gas Virtual Investor Conference are now available for on-demand viewing, allowing investors, advisors, and analysts to access critical information flexibly and conveniently.
- Availability Duration: The company presentations will be accessible 24/7 for the next 90 days, ensuring that investors can obtain key insights at their convenience, thereby enhancing the effectiveness of their investment decisions.
- 1x1 Meeting Requests: Select companies are accepting requests for one-on-one management meetings, enabling investors to arrange direct communication with management, which further fosters the establishment and maintenance of investor relations.
- Interactive Investor Forum: The Virtual Investor Conferences provide an interactive platform for publicly traded companies to present directly to investors, enhancing investor engagement and optimizing the efficiency of investor access.
See More
CCEC Forms Joint Venture with CMA CGM for LNG Bunkering
- Joint Venture Formation: Capital Clean Energy Carriers Corp. (CCEC) has formed a joint venture with CMA CGM S.A., each holding a 50% stake, aimed at constructing, chartering, and operating a 20,000 cbm dual-fuel LNG bunkering vessel, marking CCEC's entry into the LNG bunkering sector and potentially opening a new long-term revenue stream for the company.
- Shipbuilding Contract: The joint venture has signed an $82.8 million shipbuilding contract with Nantong CIMC Sinopacific Offshore & Engineering Co., Ltd., with delivery expected in Q3 2028, incorporating the latest technologies to ensure safe and reliable LNG transfers under various operating conditions, thus meeting global shipping environmental standards.
- Long-term Charter Agreement: The joint venture is expected to enter into a 12-year time charter with a joint venture formed between CMA CGM and TotalEnergies, commencing upon delivery of the vessel, which will further enhance CCEC's competitiveness and market share in the LNG bunkering market.
- Strategic Implications: CCEC CEO Jerry Kalogiratos stated that this joint venture represents a natural extension of the company's gas platform, aiming to build LNG infrastructure in collaboration with CMA CGM and TotalEnergies, facilitating industry decarbonization while creating new revenue streams for the company.
See More
Capital Clean Energy Carriers Delivers New Vessels
- New Vessel Deliveries: Capital Clean Energy Carriers Corp. delivered the LNG carrier Archimidis on June 2, 2026, and the dual-fuel medium gas carrier Aristogenis on June 4, 2026, reflecting the company's ongoing efforts to expand its fleet and enhance market competitiveness.
- Increased Time Charters: The company secured new time charters for three LCO2/LPG carriers and two LNG carriers, expected to generate approximately $87.4 million in total revenue, further solidifying its revenue base.
- Revenue Backlog Growth: With the signing of new charters, CCEC's contracted revenue backlog now stands at approximately $3.1 billion, with an average remaining charter duration of 6.7 years, indicating stable revenue potential for the coming years.
- Future Development Plans: The company's under-construction fleet includes eight latest generation LNG carriers and five dual-fuel medium gas carriers, expected to be delivered between Q2 2026 and Q1 2029, further strengthening its leadership position in energy transition.
See More
CCEC Q1 2026 Earnings Call Transcript
See More
Capital Clean Energy Carriers Q1 Earnings Miss Expectations
- Earnings Report Shortfall: Capital Clean Energy Carriers reported a Q1 non-GAAP EPS of $0.37, missing expectations by $0.04, indicating pressure on profitability that may affect investor confidence.
- Revenue Decline: The company generated $98 million in revenue for Q1, a 3.9% year-over-year decrease, falling short of the $103 million forecast, reflecting weak market demand that could lead to unstable future cash flows.
- Dividend Declaration: Despite the disappointing performance, Capital Clean Energy Carriers declared a $0.15 dividend per share, demonstrating stability in cash flow management aimed at maintaining shareholder trust.
- Strategic Partnership: The company plans to sell an LNG carrier into a joint venture with a long-term charter deal, which could provide stable cash flows and enhance its competitive position in the market.
See More
Capital Clean Energy Carriers Corp. Reports Q1 2026 Financial Results
- Successful Bond Offering: The company completed a €250 million unsecured bond offering listed on the Athens Exchange with a seven-year maturity and a 3.75% coupon, which will finance capital expenditures and general corporate purposes.
- Shareholder Return Initiatives: The Board approved a $20 million share buyback program aimed at enhancing shareholder value, alongside announcing a cash dividend of $0.15 per share for Q1 2026, payable on May 20, 2026.
- Revenue and Expense Trends: Q1 2026 revenues totaled $98 million, a 3.9% decrease year-over-year primarily due to increased off-hire days for LNG carriers, while expenses rose to $54.3 million, a 25.7% increase, putting pressure on profitability.
- New Vessel Deliveries and Investments: The company took delivery of its second LCO2/multi-gas carrier, the Amadeus, and expedited the delivery of three LNG carriers, which is expected to enhance its transportation capacity and market competitiveness amid current geopolitical tensions.
See More
Virtual Investor Conferences Offer On-Demand Viewing
- On-Demand Access: Presentations from the April 16, 2026 Oil & Gas Virtual Investor Conference are now available for on-demand viewing, allowing investors, advisors, and analysts to access critical information flexibly and conveniently.
- Availability Duration: The company presentations will be accessible 24/7 for the next 90 days, ensuring that investors can obtain key insights at their convenience, thereby enhancing the effectiveness of their investment decisions.
- 1x1 Meeting Requests: Select companies are accepting requests for one-on-one management meetings, enabling investors to arrange direct communication with management, which further fosters the establishment and maintenance of investor relations.
- Interactive Investor Forum: The Virtual Investor Conferences provide an interactive platform for publicly traded companies to present directly to investors, enhancing investor engagement and optimizing the efficiency of investor access.
See More
