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Evangelos Marinakis-controlled Capital Group’s surprise speculative order of the world’s largest liquefied CO2 (LCO2) carrier newbuildings is the “tip of the iceberg” in a spend of almost $6.5bn on newbuildings for what the company is dubbing its “energy transition fleet”.
Capital Group executive Jerry Kalogiratos told TradeWinds that the company has sold more than 20 vessels with an average age of 12 years across the container and tanker segments over the last three years.
