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Tue, Oct

Marinakis’ CCEC boosts charter coverage against war backdrop

Marinakis’ CCEC boosts charter coverage against war backdrop

Hellenic Shipping News

The Nasdaq-listed Capital Clean Energy Carriers Corp. (CCEC) has sealed a chartering deal for its LNG carrier newbuildingAlcaios I, due for delivery later this week. Marinakis-led CCEC said the volatility in

The Nasdaq-listed Capital Clean Energy Carriers Corp. (CCEC) has sealed a chartering deal for its LNG carrier newbuildingAlcaios I, due for delivery later this week. Marinakis-led CCEC said the volatility in gas shipping markets caused by the Middle East tension has allowed the company to capture additional contract coverage at attractive rates for both LNG and LPG carriers. Already, the company has approximately $2.9bn in contracted revenues, which could reach $4.3bn, if all charter options were to be exercised.

The LNG carrier, which is expected to be delivered from the shipyard on July 31, has secured employment under an 18-month index-linked time charter.

The Evangelos Marinakis-led firm said the vessel is expected to be financed with cash on hand together with proceeds of $170m in total to be raised through the refinancing of two existing sale and leaseback facilities of Aristos I and Aristarchos, with the vessel to be added as

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