Capital Clean Energy Carriers (CCEC) has announced a joint venture with CMA CGM to build, charter and operate a 20,000 cbm dual-fuel LNG bunkering vessel.
The project marks CCEC’s entry into the LNG bunkering market and represents the company’s first vessel dedicated to supplying marine fuel.
The 50:50 joint venture has signed a shipbuilding contract with China-based shipyard Nantong CIMC Sinopacific Offshore & Engineering (CIMC SOE) for the vessel for $82.8 million.
Delivery is expected in the third quarter of 2028.
According to the company, the vessel will be equipped with dual-fuel power generation and emissions reduction technologies designed to support safe LNG transfers while meeting environmental standards.
The joint venture is also expected to secure a 12-year time charter with a separate joint venture formed by CMA CGM and TotalEnergies, beginning when the vessel is delivered.
“This joint venture marks CCEC’s entry into LNG bunkering — a natural extension of our gas platform from carriage into marine fuel supply,” CEO Jerry Kalogiratos said.
He added that the project would support LNG fuel infrastructure development while creating a long-term contracted revenue stream for the company.
Christine Cabau, Executive Vice President Operations and Assets at CMA CGM, said the partners were committed to developing a reliable LNG bunkering supply chain to support the availability of lower-emission marine fuels.
