Marinakis CCEC Q3 revenues stood at $106m higher than 2023

Evangelos Marinakis’ Nasdaq-listed shipowner Capital Clean Energy Carriers Corp. (CCEC) has reported an increase in the company’s total revenues in the third quarter 2024 which stood at $106m significantly higher compared to $63.9m during the same period last year.

The shipowner believes this increase in revenue is due to the five newbuilding LNG carrier vessels acquired by the company, LNG/C Amore Mio I, LNG/C Axios II, LNG/C Apostolos, LNG/C Aktoras and LNG/C Assos acquired in the second quarter of 2024, which increased the average number of vessels from 11 to 15 compared to the same quarter last year.

The net income from continuing operations for the quarter reached $15.8m compared to $5m for the third quarter of 2023.

During the third quarter the owner completed conversion from a Marshall Islands limited partnership to a Marshall Islands corporation, and name change to “Capital Clean Energy Carriers Corp.”

It also announced the sale of five debt-free container sister vessels, for an expected book gain of $118.4m. The sale of the five neo-panamax container vessels has been agreed by the first quarter of 2025.

Furthermore, the shipowner refinanced the Liquified Natural Gas Carrier (LNG/C) Attalos