Media Releases

HD Hyundai Heavy Industries and Capital Gas Ship Management secure LR approval in principle for 40,000 cbm LCO2 carrier

Piraeus, Greece, June 5, 2024. HD HHI and Capital Gas Ship Management have received approval in principle for a 40,000 cbm LCO2 carrier from Lloyd’s Register, developed following a joint development project between the parties.

ABS and Liberian Registry Greenlight Next-Gen Ammonia Carrier Design by HD Hyundai and Capital Gas Integrated with Amogy’s Ammonia-Powered Technology

Athens, Greece – June 4, 2024 – Announced today at Posidonia 2024, the American Bureau of Shipping (ABS) and the Liberian Registry are both granting approval in principle (AiP) to HD Hyundai Heavy Industries (HHI) and Capital Gas Ship Management (Capital Gas) for a very large ammonia carrier (VLAC) design. This innovative vessel design features the integration of Amogy’s carbon-free ammonia-to-electrical power system, marking a significant leap forward in sustainable maritime technology.

Capital Gas, Erma First & Babcock Collaborate On Carbon-Fit CCS System For The World’s Largest LCO2 Carriers

Piraeus, Greece, June 4, 2024. CAPITAL GAS, ERMA FIRST and BABCOCK signed a Letter of Intent (LoI) to install a pioneering Carbon Capture and Storage (CCS) system, CARBON FIT, on board four new liquefied carbon dioxide (LCO₂) carriers.

Capital Gas Ship Management Takes Delivery of LNG Carrier ‘Axios II’

Piraeus, Greece, January 5, 2024. Capital Gas Ship Management Corp. took successful delivery of the newbuilding LNG Carrier ‘Axios II’, built by Hyundai Heavy Industries, S. Korea. With a cargo capacity of 174,000 m3, the vessel is highly efficient, propelled with MAN MEGA engines and equipped with the latest available technologies, including an air lubrication system, shaft generators and increased filling limits (above 99%). 

LR to class first newbuild project for mid-size low pressure ammonia-ready LCO2 Carriers ordered by Capital Gas Ship Management at Hyundai Mipo Dockyard

The project follows a collaboration between Capital, HMD, and LR, paving the way for further orders of LCO2 carriers, a crucial component to supporting the wider carbon capture and storage value chain.

Capital Gas Ship Management Takes Delivery of LNG Carrier ‘Amore Mio I’

Piraeus, Greece, November 7, 2023. Capital Gas Ship Management Corp. took successful delivery of the newbuilding LNG Carrier ‘Amore Mio I’, built by Hyundai Heavy Industries, S. Korea. With a cargo capacity of 174,000 m3, the vessel is highly efficient, propelled with MAN MEGA engines and equipped with the latest available technologies, including an air lubrication system, shaft generators and increased filling limits (above 99%).

Capital Gas Ship Management Corp. announces the order of world’s first two next-generation 88,000cbm eco-friendly very large ammonia newbuilding carriers.

Piraeus, Greece, September 7, 2023.  Capital Gas Ship Management Corp. announces the order for the world's first two 88,000 CBM (㎥) very-large ammonia carriers (VLAC) with KSOE. The innovative vessels will be constructed at HD Hyundai Heavy Industries in Ulsan and are scheduled to be delivered by the second half of 2027.

Capital Gas Ship Management Corp. announces the order of the two first-ever 22,000cbm liquid CO2 (LCO2) carrier newbuildings.

Piraeus, Greece, July 20, 2023.  Capital Gas Ship Management Corp. announces the order of the two first-ever state-of-the-art 22,000-cbm liquid CO2 (LCO2) carriers at Hyundai Mipo Dockyard, S.Korea to be delivered in 2025-2026.

The order of two state-of-the-art, largest CO2 carriers ever contracted constitutes not only a historical milestone for the Capital Group (‘Capital), but for the industry as a whole. It also underscores the company’s commitment to playing a leading role in the global decarbonization efforts, as actions always speak louder than words.  The company expects the maritime transportation of CO2 to become a rapidly growing market, in which it aims to hold the premier position.