Capital Clean Energy Carriers Corp. (NASDAQ: CCEC) announced it will sell a 49% stake in its LNG carrier Amore Mio I to form a joint venture with an affiliate of BGN Group in the first quarter of 2027.

The joint venture will acquire the 2023-built, 174,000 cubic meter vessel for $230 million through BM Capital LLC, a subsidiary of newly formed BM Capital HoldCo LLC. CCEC will retain a 51% interest in the joint venture, while BMarine Shipping Investment FZCO, affiliated with BGN Group, will hold the remaining 49%.

BGN INT DMCC has secured a 10-year time charter for the vessel, with two three-year extension options. The charter is expected to generate aggregate revenues of up to approximately $485.6 million if all options are exercised, extending operations until 2043.

The existing financing on the vessel will be refinanced upon acquisition in the first quarter of 2027, according to the company statement.

Following this transaction, CCEC's LNG carrier fleet will have an average remaining firm charter duration of 6.9 years as of end March 2026, with $2.9 billion in contracted revenues. If all extension options are exercised, the average duration would increase to 9.9 years with total contracted revenues of $4.3 billion.

BGN Group describes itself as the sixth largest independent energy and commodities trading group, handling approximately 65 million metric tons of commodities annually. The company has stated plans to add two new LNG vessels by 2027 and ten new LPG vessels by 2028.

CCEC operates 14 vessels in its current fleet, including 12 LNG carriers, one carbon dioxide carrier and one container vessel. The company has an additional 18 vessels under construction scheduled for delivery between the second quarter of 2026 and first quarter of 2029.