Capital Product Partners (CPLP) of Vangelis Marinakis' interests announced a major strategic investment in 10 state-of-the-art gas carriers.

The move has a cost of $756 (€690) million, and the new buildings will be delivered between Q1 2026 and Q3 2027. Six vessels will be Dual Fuel Medium Gas Carriers (MGC) and the four Liquid CO2 Handy Multi Gas Carriers (LCO2).

This is a key strategic expansion driven by the energy transition, as it increases LNG (liquefied natural gas) carrying capacity and even has the pioneering capability to carry LCO2 and ammonia.

The transaction will be financed with cash, mainly from the sales of container vessels and debt financing.

Jerry Kalogiratos, CEO of the company, said: "This is an important step towards diversifying our gas transportation business with a focus on the energy transition. The addition of 10 state-of-the-art vessels will allow us to provide our customers, such as utilities, energy companies, and traders, with a full range of vessels for all their gas transportation needs, increasing our footprint and market reach. While LNG will remain our core competency, with an expected delivered fleet of 18 latest-generation LNG carriers by 2027, this transaction places a strong emphasis on energy transition, as it enhances our ability to transport liquefied petroleum gas (LPG), ammonia, butane, propylene, and liquid CO2."