Greece-Based CCEC Orders Three LNG Carriers from HD Hyundai Samho for 2028–2029 Delivery
Greece-headquartered shipping company Capital Clean Energy Carriers Corp. (CCEC) has commissioned South Korea’s HD Hyundai Samho (Hyundai) to build three liquefied natural gas (LNG) carriers (LNGCs), with deliveries scheduled for 2028 and 2029.
CCEC has secured three LNGC construction slots at Hyundai. One vessel is slated for delivery in the third quarter of 2028, followed by two additional vessels in the first quarter of 2029. The total en-bloc contract value for the three ships stands at $769.5 million. As of December 29, 2025, the company has already paid $386.1 million in advance to shipyards toward its under-construction fleet.
The new vessels are designed with multiple specification upgrades and are expected to rank among the most efficient LNG carriers globally in terms of fuel consumption and boil-off rates. With this latest order, CCEC reinforces its position as the largest U.S.-listed LNG shipping company, operating 12 LNGCs currently in the water and holding nine LNGCs on order.
Deliveries of CCEC’s newbuilding program span from the third quarter of 2026 through the first quarter of 2029. This timeline aligns with the anticipated expansion of global LNG liquefaction capacity, which is projected to increase from 493 million tonnes per annum (mtpa) to at least 649 mtpa by 2030.
In addition to the LNG carriers, CCEC has ten more gas carriers on order. These include four handy LCO₂/multi-gas carriers and six dual-fuel medium gas carriers, with deliveries beginning in the first quarter of 2026. The company’s fleet is supported by approximately $3 billion in contracted revenue and maintains an average remaining charter duration of 6.9 years.
Commenting on the order, CCEC CEO Jerry Kalogiratos said: “I believe that we have secured attractive pricing and payment terms for state-of-the-art, high specification vessels, whose deliveries we expect to coincide with increased demand for LNG shipping from a number of LNG projects that are expected to come online in this timeline.
“Notably, this transaction allows CCEC to selectively contract the most attractive specification LNGCs for charterers, to be delivered at the most undersupplied part of the forward curve.”
CCEC’s in-the-water fleet currently comprises 14 high-specification vessels, including 12 latest-generation LNG carriers and two legacy Neo-Panamax container vessels, one of which has been agreed to be sold.
