Capital Clean Energy Carriers (CCEC) announced Q2 2025 results last week.
- Rev of $104.2M
- Net Income of $29.9M
- Declared div of 15c/sh
- Arranged financing for new vessels
Their existing fleet (12 modern LNG carriers - 3 large container vessels) are all chartered out. CCEC has a nice charter backlog and a decent cash position. However, the company has a decent size newbuild program with 6 LNG carriers and 10 small LPG type tankers set to deliver over the next three years. Newbuilds are nice. But there is a lot of uncertainty with the market.