Marinakis’ CCEC secures $376.6m finance for newbuildings as it sells neo-panamax

Nasdaq-listed Capital Clean Energy Carriers Corp. (CCEC) inked an agreement for the sale of a neo-panamax 13,312-teu container vessel and secured financing for four dual fuel 45,000 cbm and two dual fuel 40,000 cbm medium gas carriers under construction.

The shipowner signed on August 7 a memorandum of agreement for the sale of Manzanillo Express, a container vessel, 142,411-dwt / 13,312-teu, hybrid scrubber-fitted, built in 2022 by Hyundai Samho Industries in South Korea.

The vessel is expected to be delivered to its new owner during the third quarter of 2025.

The company expects to record a gain of around $6.9m from the sale. Cash proceeds will be used to pay down outstanding debt, estimated at $90.4m at the end of the third quarter of 2025, and for general corporate purposes.

Upon completion of this transaction, CCEC will have only two remaining 13,000 teu container vessels both on long term time charters through 2033, with options to extend to 2039.

“This vessel sale aligns with the company’s strategic plan, announced in November 2023, to shift its strategic focus towards the transportation of various forms of gas to industrial customers, including liquefied