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The Evangelos Marinakis-backed, US-listed shipping firm announced on Friday the delivery of its 174,000-cbm LNG carrier Archimidis.
South Korea’s HD Hyundai Samho Heavy built this LNG carrier.
Last month, CCEC brought forward the delivery of its three LNG carriers under construction, including Archimidis, to capitalize on opportunities arising from the volatile market caused by the Middle East conflict.
The other two 174,000-cbm LNG carriers in question are Agamemnon and Alcaios I.
CCEC said in the delivery announcement on Friday that Archimidis and Agamemnon, which is expected to be delivered from HD Hyundai Sasho on June 17, have both secured bridging time charter employment.
The company said the charterer is a “major energy company” and the charters will last through March 2027.
CCEC did not reveal the name of the energy company.
VesselsValue data suggests that the charterer is French energy giant TotalEnergies.
Upon completion of these charters, both vessels will commence the previously announced long-term charters originally allocated to the LNG carriers Athlos and Archon, with firm periods of five years and seven years, respectively, each including an additional five-year option at the charterer’s discretion, CCEC said.
In aggregate, the five-time charters are expected to generate approximately $87.4 million in gross revenue over their firm periods, CCEC said.
Revenue backlog stands at approximately $3.1 billion
As a result, CCEC’s contracted revenue backlog now stands at approximately $3.1 billion, with an average remaining firm charter duration of 6.7 years.
Including all charterer extension options, the company’s backlog would increase to approximately $4.6 billion, with an average duration of 9.8 years, CCEC said.
In December 2025, CCEC ordered three LNG carriers from HD Hyundai Samho, increasing the fleet to 21 vessels.
The en-bloc shipbuilding price of these vessels is $769.5 million, or $256.5 per vessel.
