Capital Clean Energy Carriers Corp.

The cost of shipping oil in supertankers surged to fresh record highs this week following the biggest wave of attacks on Middle East shipping since the start of the U.S.-Iran war, Bloomberg reported. Earnings for Very Large Crude Carriers on the benchmark Middle East-to-China route hit a record of nearly $800K/day, while the U.S. Gulf-to-Asia run fetched offers at a record lump-sum fee of $29.5M, nearly $15/bbl before additional war risks or delay fees. The Baltic Exchange, which has begun publishing an index covering the voyage from the Gulf of Oman to east Asia, estimates daily earnings on that route spiked 85% to nearly $386K/day this week. VLCC freight rates for the Middle East to Amsterdam-Rotterdam-Antwerp route also spiked to a fresh high, and the escalation had a wider knock-on effect as rates on the West Africa to Asia route reached a record high as well, according to a Reuters report citing Baltic Exchange data. Freight analysis from data intelligence firm Kpler suggests dayrates for VLCCs will stay above $100K into next year, more than double historic levels that rarely went above $45K.

Capital Clean Energy Carriers Corp. has taken delivery of the LNG carrier Agamemnon. The vessel, a 174,000 cubic meter carrier built by HD Hyundai Samho Co., Ltd., was delivered on June 17, 2026, and has commenced a time charter with a major energy company through March 2027. After that, the company may choose to place the vessel on either a five-year or a seven-year long-term charter, each with an additional five-year option. The acquisition was funded with cash on hand and a new $216.0 million senior secured bridge loan facility, which will be refinanced in July 2026 through an eight-year JOLCO facility of the same amount. Agamemnon is the 14th latest-generation LNG carrier delivered to the company, which has seven more such vessels under construction for delivery between the third quarter of 2026 and the first quarter of 2029.