Evangelos Marinakis-backed Capital Clean Energy Carriers (CCEC) has agreed the sale of one of its three neo-panamax containerships and lined up financing for its medium gas carrier (MGC) newbuilding programme.
The Nasdaq-listed Greek owner has struck a deal to sell the 2022-built 13,312 teu Manzanillo Express to an undisclosed buyer. Delivery is expected in the third quarter of 2025. The deal will generate an estimated book gain of $6.9m, with proceeds earmarked for debt reduction and general corporate use.
Following the sale, CCEC will retain two 13,000 teu boxships on long-term time charters running through 2033, with options extending to 2039. The disposal is part of the company’s strategic shift away from container shipping toward gas transportation, a move first outlined in November 2023. Since February 2024, the company has sold or agreed to sell 13 boxships, raising about $694m for reinvestment into gas assets.
In parallel, CCEC has secured a seven-year financing package for its six dual-fuel MGCs under construction. The arrangement covers four 45,000 cbm LPG carriers being built at Hyundai Mipo Dockyard and two 40,000 cbm units at Nantong CIMC SOE. The deal provides $310.1m in funding, with scope to rise to $376.6m if long-term employment is secured. Pre-delivery financing is also included.
The Athens-headquartered company currently operates 15 vessels — 12 LNG carriers and three containerships. Its orderbook stands at six LNG carriers, six dual-fuel MGCs and four handy LCO₂/multigas carriers, all due between 2026 and 2027.
