Marinakis’s company also announced a dividend of $0.15 per share for the third quarter, while average daily charter rates stood at $83,862 for its LNG carriers and $40,987 for its gas carrier fleet.
During the quarter, CCEC took delivery of one LNG carrier, one Handy-size liquefied CO2 and multi-gas carrier, and one medium-sized dual-fuel gas carrier. It also secured new charters for two LNG carriers and four gas carriers.
Chief executive Gerasimos Kalogiratos said uncertainty in the Middle East and limited LNG carrier transits through the Strait of Hormuz had affected the market, while increased deliveries of newbuildings and greater vessel availability had put pressure on spot rates compared with the first half of the year. He noted that the company’s strategy, focused on modern vessels and long-term charters with reliable counterparties, had limited its exposure to short-term volatility.
Since the start of 2026, the company has taken delivery of eight vessels, with a further eight scheduled to join its fleet during 2027. Its operating fleet now comprises 15 LNG carriers, three multi-gas carriers, two medium-sized gas carriers and one Neo-Panamax containership. It also has six LNG carriers, four medium-sized gas carriers, one multi-gas carrier and one LNG bunkering vessel under construction.
CCEC’s contracted revenues total about $2.8 billion and could rise to $4.2 billion if charterers exercise all their options. The average remaining charter term is 6.4 years for LNG carriers and 0.7 years for LPG and multi-gas carriers.
Management expects the LNG market to remain volatile in the short term but maintains a positive long-term outlook, driven by new liquefaction plants expected to come on stream by the end of the decade and the growing need for energy security.