Capital Clean Energy Carriers Continues Full Exit from the Container Shipping Market
24.11.2025
Capital Clean Energy Carriers (CCEC), listed on Nasdaq and controlled by Greek shipowner Evangelos Marinakis, has taken another major step in its strategic withdrawal from the container shipping sector. The company has agreed to sell Buenaventura Express — one of its two remaining container vessels (13,312 TEU, built 2023). The handover to the new owner is expected in Q1 2026.
The deal will generate approximately $4.4 million in accounting profit, with proceeds used to repay around $84.4 million in debt and support general corporate needs. The sale is fully aligned with CCEC’s long-term strategy to focus on LNG and next-generation energy carriers, leaving the container segment behind.
Since February 2024, CCEC has sold or contracted the sale of 14 container ships, generating roughly $814.3 million in total proceeds.
Once Buenaventura Express leaves the fleet, CCEC will retain just one neo-Panamax containership, operating under a long-term charter through 2033 with an option to extend to 2039.
Today the company operates a fleet of 14 vessels, including:
- 12 modern LNG carriers
- 2 container vessels (one already sold and awaiting delivery)
- Its orderbook includes 16 new LNG and gas carriers scheduled for delivery in 2026–2027.
About CCEC:
Capital Clean Energy Carriers was established as a dedicated energy-focused subsidiary of the Marinakis shipping group. The company has been rapidly transforming into a pure-play LNG and clean gas carrier operator, completing its gradual exit from container shipping.
Suez Canal Makes a Comeback: Shipping Giants Return After Two Years
06.11.2025
The Suez Canal is officially making waves again
After months of decline due to regional tensions, October marked the best month in two years for vessel transits through the canal. The Suez Canal Authority (SCA) reported a 10% rise in total tonnage between July and October, with more than 4,400 ships passing through — including 229 returning vessels last month alone.
To keep the momentum going, SCA Chairman Admiral Ossama Rabiee met with representatives from 20 major shipping companies to discuss the latest developments in the Red Sea and Bab el-Mandeb. His message? “We’re open — and ready to welcome you back.”
Among the highlights:
- CMA CGM has begun trial voyages with 17,000+ TEU ships and plans to increase traffic through the canal.
- MSC expects a swift return of southbound vessels soon.
- Evergreen and COSCO both confirmed readiness to resume full operations once conditions stabilize.
However, as Inchcape Shipping Agency noted, high marine insurance costs remain a key obstacle delaying some carriers’ return.
Still, optimism is rising — and the Suez Canal appears ready to reclaim its role as a vital artery for global trade.
India’s Seven Islands Shipping Expands Fleet with $44 Million Suezmax Purchase from Eastern Pacific Shipping
13.10.2025
India’s Seven Islands Shipping is continuing its fleet expansion strategy by acquiring a Suezmax-class tanker from Singapore-based Eastern Pacific Shipping (EPS), owned by Israeli billionaire Idan Ofer.
According to shipbrokers, Seven Islands has purchased the “Brightway”, a 2012-built tanker constructed at Hanjin Subic Shipyard in the Philippines. The vessel, with a deadweight capacity of 160,000 tons, reportedly changed hands for over $44 million.
The acquisition reflects Seven Islands’ long-term strategy to expand and modernize its tanker fleet, strengthening its role in global crude oil transportation. The company continues to diversify its assets, focusing on mid-aged, efficient vessels that offer flexibility amid fluctuating oil demand.
The purchase of Brightway marks one of the largest transactions in India’s shipping sector in 2025, underscoring Seven Islands’ growing international ambitions in charter and tanker operations.
Founded in 2002 and headquartered in Mumbai, Seven Islands Shipping Ltd. is one of India’s leading private tanker operators. The company specializes in crude oil and petroleum product transport, managing a fleet of over 20 vessels, and works closely with major state-owned companies such as Indian Oil Corporation and Bharat Petroleum.
Brooklyn Marine Terminal to Become a $3.5B All-Electric Port
30.09.2025
The Brooklyn Marine Terminal (BMT) redevelopment plan has been approved, setting the stage for a $3.5 billion transformation of Red Hook into a state-of-the-art, all-electric maritime hub.
Backed by $418 million in federal, state, and city funding, the 60-acre site will be modernized after years of decline. The project will add a new marginal wharf for “water-to-water” cargo transfers, aiming to cut truck traffic across New York City and boost sustainable logistics.
A newly established Brooklyn Marine Terminal Development Corporation will oversee the project. Initial upgrades are already underway, including $18 million allocated for crane removal, pier repairs, and new port equipment.
City officials emphasize that the revamped terminal will be a cornerstone of New York’s logistics network and a model for “green ports” in the U.S., supporting the city’s broader emissions-reduction strategy while strengthening its supply chain resilience.
U.S. Lifts Waiver on Iran’s Chabahar Port, Casting Doubt on India’s Strategic Project
22.09.2025
Starting September 29, all companies working with Iran’s Chabahar Port risk U.S. sanctions under the IFCA law.
For India, Chabahar is a vital hub on the Gulf of Oman, providing access to Central Asia and Afghanistan. Under Indian Ports Global Limited (IPGL), container turnover surged from 6,000 to over 90,000 TEU in just two years. In 2024, IPGL signed a 10-year deal with Iran, pledging $370 million in investments.
The removal of the waiver undermines India’s plans to expand regional trade and creates a diplomatic dilemma: balancing ties with both Washington and Tehran is becoming increasingly complex.
Amid U.S. pressure and tariff disputes — Indian imports recently faced doubled duties of up to 50% — the future of Chabahar’s modernization now hangs in the balance.
Indian Ports Global Limited (IPGL) is a state-owned company founded in 2015 to develop overseas port projects. Chabahar is a port city in southeastern Iran, located in Sistan and Baluchestan Province on the Gulf of Oman.