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Capital Clean Energy Carriers Corp. (Marshall Islands)

Main Activities: Inland Water Freight Transportation
Full name: Capital Clean Energy Carriers Corp. Profile Updated: November 22, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

The Company is an International Shipping company, is one of the world's leading platforms of gas carriage solutions with a focus on energy transition. CCEC currently owns 20 high specification vessels, including 12 latest generation LNG carriers (LNG/Cs) and eight legacy Neo-Panamax container vessels.
Mission:
Shipping for a carbon free world
Capital Clean Energy Carriers is one of the world's leading platforms of gas carriage solutions with a focus on energy transition. Understanding the alarming rise in greenhouse gas emissions and the threat of climate change, the company redefines its course towards sustainability. Continuing its journey towards a sustainable future, CCEC is committed to becoming a true leader in the global energy transition movement.
History:
2007:
On January 16, 2007, The Company emerged as the culmination of a series of transformative transactions previously trading under the name Capital Product Partners , (NASDAQ: CPLP). The master limited partnership was formed early in 2007 with a mission to maintain and extend its leadership position in the seaborne transportation of crude and refined oil products and chemicals. Guided by this mission, CPLP sought to capitalize on the growth trends within the global shipping industry and take advantage of acquisition opportunities in the fragmented shipping market.
On April 1, 2007 The company s shares were quoted in NASDAQ Stock Exchange.
2011: In May 2011, The Company merged with Crude Carriers Corp, acquiring two VLCC and three Suezmax tankers in a unit-for-share transaction, strengthening its balance sheet and solidifying its position as one of the largest maritime partnerships with a high-specification, diversified fleet.
2024 : On August 2 2024 Capital Product Partners L.P. (“CPLP) announced the approval by a majority of our unitholders, the conflicts committee of our Board of Directors, our full Board of Directors and our general partner, Capital GP L.L.C. of the conversion of CPLP from a Marshall Islands limited partnership to a Marshall Islands corporation and the renaming of CPLP to “Capital Clean Energy Carriers Corp.” In connection with the Conversion, our General Partner will give up its existing management and consent rights with respect to CPLP.

The Conversion and the Name Change are key milestones in our strategic pivot towards the transportation of various forms of natural gas to industrial customers, including liquefied natural gas (“LNG”) and new commodities emerging as a result of the energy transition, as initially announced in November 2023.
The Company changed it s name from Capital Product Partners L.P. to Capital Clean Energy Carriers Corp. on 26 August 2024.
2024 : The Company listed on Berlin Stock Exchange on 27 August 2024.

Headquarters
Capital Building, 3, Iassonos Street, Piraeus
Athens; Attica; Postal Code: 18537

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Website: http://www.capitalcleanenergycarriers.com

Basic Information
Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2007
Key Executives
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Chairman
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Chief Executive Officer
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Chief Financial Officer
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Director/Member of the Board
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Director/Member of the Board
Ownership Details
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54.3%
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25.8%
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2.1%
Subsidiaries
Panormos Container Carrier S.A
Company Performance
Financial values in the chart are available after Capital Clean Energy Carriers Corp. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency USD. Absolute financial data is included in the purchased report.
Net sales revenue
21.5%
Total operating revenue
22.7%
Operating profit (EBIT)
48.98%
EBITDA
31.29%
Net Profit (Loss) for the Period
165.03%
Total assets
67.16%
Total equity
87.42%
Operating Profit Margin (ROS)
9.5%
Net Profit Margin
15.36%
Return on Equity (ROE)
2.15%
Debt to Equity Ratio
-24.87%
Quick Ratio
0.7%
Cash Ratio
0.14%

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