Marinakis plans Oslo listing of new giant tanker player

Greece’s Capital Tankers linked to Capital Maritime & Trading Corp, founded by Evangelos Marinakis, has initiated a process to list its shares on Euronext Growth Oslo. Capital Tankers Corp. is a newly established shipping company, headquartered in Greece, focusing on the crude tanker industry.

The company’s fleet consists of 30 owned vessels (12 VLCCs, 10 suezmaxes and 8 aframax/LR2), of which three vessels are currently sailing, five vessels will be delivered under memorandum of agreement to the company within three months after the completion of the listing, and 22 vessels are currently under construction.

In addition to its owned vessels, the company has 13 newbuilding options (2 suezmaxes and 11 VLCCs), that are exercisable until the end of 2026.

The majority of the fleet is LNG dual-fuel capable or ready and fitted with scrubbers. Specifically, 23 of the vessels are LNG dual-fuel capable or ready.

The commercial strategy entails spot and