Capital Ship Management

What Capital Ship Management does

Capital Ship Management Corp. is a privately held Greek ship management company headquartered in Piraeus, operating a fleet of 54 oceangoing tankers totaling approximately 11.25 million deadweight tons. The fleet is composed of 26 VLCCs, 12 Suezmax, 9 Aframaxes, and 7 MR/Handy product tankers, with a significant share of newbuilds designed for dual-fuel LNG operation, wind-assisted propulsion readiness, and HVSC shore-power compatibility. The company is a subsidiary of Capital Maritime & Trading Corp, the shipping holding entity controlled by Evangelos Marinakis, and also manages vessels for the separately Euronext Growth Oslo-listed Capital Tankers (CAPT).

The company provides nine integrated service modules under long-term contracts: technical management, risk management, crew management, training, purchasing, claims and insurance, IT services, bunkering, and specialized services. Its commercial management is conducted through a joint venture with Heidmar Inc. (formed January 2022), under which 32 tankers participate in Heidmar's commercial pools. The technical platform is anchored by ISO 9001, 14001, 45001, 50001, and 22301 certifications through Lloyd's Register/LRQA, plus ABS notations for decarbonization and digital fleet management via the ABS My Digital Fleet platform.

Revenue is generated through managed-service fees (technical, crew, and commercial management), procurement and bunkering commissions, and insurance/claims handling for vessel owners. The customer base is concentrated: a material portion of the fleet under management is owned by affiliates of the parent Capital Maritime & Trading Corp, including the publicly listed Capital Tankers (CAPT). The go-to-market is B2B enterprise, with charterer and operator relationships built through industry events, the Heidmar pooling channel, and direct commercial engagement. Go-to-market is global, with vessel operations across major shipping routes and a recent expansion into Greek-flag registration (M/T Akrisios, January 2025).

Name

Capital Ship Management

Legal name

Capital Ship Management Corp

Website

https://capitalship.gr

Company type

Private

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Capital Ship Management Corp. is a Piraeus-based, privately held ship manager operating a fleet of 54 oceangoing tankers (~11.25 million dwt) under Capital Maritime & Trading Corp. It delivers integrated technical, crew, commercial, and risk management services to affiliated vessel owners and Capital Tankers (CAPT).

Ownership category

akta.pro rank

Product category

Maritime Ship Management Services

NAICS

Water Transportation (483)

SIC

Water Transportation (4400)

akta.pro primary industry

Crude & Product Tanker Shipbuilding (VLCC/Suezmax/Aframax/MR) (IMAJAAAC)

Keywords

• Ship management services
• Tanker fleet operations
• Technical ship management
• Crew management services
• Maritime decarbonization solutions

Headquarters

HQ city

Piraeus

HQ country

Greece

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure

Revenue model

1. Technical Ship Management Services: Comprehensive technical management services including vessel maintenance, drydocking, repairs, compliance management, and operational oversight for vessel owners
2. Crew Management Services: Recruitment, training, deployment, and management of seafaring crew for managed vessels
3. Commercial Management: Commercial fleet management through joint ventures and commercial pooling arrangements with partners like Heidmar Inc.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Capital Ship Management Corp. is a full-service ship management company providing technical management, crew management, risk management, commercial management, training, purchasing, bunkering, IT services, and claims and insurance services to vessel owners. The company operates a fleet of 54 tankers totaling approximately 11.25 million dwt, including VLCCs, Suezmax, Aframax, and MR/Handy product tankers, many of which are LNG fuel-ready, dual-fuel LNG, wind-assisted ready, and HVSC-ready eco-type vessels.

Product overview

Capital Ship Management Corp. is a distinguished oceangoing vessel operator offering comprehensive ship management services through nine core service modules: Technical Management, Risk Management, Crew Management, Training, Purchasing, Claims and Insurance, IT Services, Bunkering, and Specialized Services. The company operates a fleet of 54 tankers with total deadweight of 11.25 million tons, comprising 26 VLCCs (including newbuild dual fuel LNG vessels), 12 Suezmax tankers, 9 Aframaxes (including ice-class vessels), and 7 MR/Handy product tankers. The fleet includes vessels managed for Euronext Growth Oslo listed Capital Tankers (CAPT). Recent additions include LNG-fuel ready and dual fuel vessels supporting the company's decarbonization strategy.

Differentiator

Problem solved

Functional benefit

Products and services

• Technical Management Comprehensive technical management services for oceangoing vessels covering maintenance, repairs, drydocking, and regulatory compliance for vessel owners.
• Risk Management Risk assessment and management services to identify, evaluate, and mitigate operational and safety risks across vessel operations.
• Crew Management Recruitment, training, deployment, and management of seafarers for optimal vessel crewing solutions.
• Training Comprehensive training programs for crew including STCW certification, simulator training, and product familiarization with onboard automation systems.
• Purchasing Procurement services for ship supplies, equipment, spare parts, and provisions at competitive terms.
• Claims and Insurance Handling of marine insurance claims, P&I matters, and hull and machinery insurance coordination for vessel owners.
• IT Services Information technology services supporting vessel communication, fleet management systems, and digital operations.
• Bunkering Fuel procurement and bunkering services ensuring quality fuel supply for vessel operations.
• Specialized Services Additional specialized maritime services tailored to specific vessel requirements and client needs.

Quantifiable outcome

• Zero IMO Detentions by Port State Control over two-year period as recognized by Liberia Flag
• +3 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature5 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• MIT (Massachusetts Institute of Technology)coreStrategic or Co-development Partner · 5 June 2025Collaboration through MIT Maritime Consortium with Capital Maritime Group and HD KSOE to secure ABS approval for nuclear reactor integration in vessel design.
• Lloyd's RegistercoreTechnology or Integration · 20 February 2025Partnership for world's first tanker On-Shore Power Supply (OPS) compatibility assessment. Lloyd's Register provides classification, certification, and technical advisory services supporting Capital's decarbonization and sustainability initiatives.
• Lloyd's RegistercoreTechnology or Integration · 20 February 2025Partnership for decarbonization notations and alternative fuel readiness assessments. LR developed HVSC-Ready and Wind-Assist Ready notations with Capital's input during newbuilding programs.
• Lloyd's RegistercoreStrategic or Co-development Partner · 8 June 2022Pilot research project exploring biofuel usage in maritime operations. LR's Maritime Performance Services conducts risk assessment, emissions monitoring program development, and third-party verification. FOBAS service conducts fuel quality assessment.
• Heidmar Inc.coreStrategic or Co-development Partner · 6 January 2022Formation of joint venture in January 2022 combining commercial strength of Capital Ship Management and Heidmar Inc. in the tanker industry. All 32 tankers managed by Capital joined pools operated by Heidmar, creating significant commercial pooling synergies.
• ABS (American Bureau of Shipping)coreTechnology or IntegrationStrategic partnership for vessel classification, decarbonization notations, and digital fleet solutions. Capital uses ABS My Digital Fleet platform for decarbonization management and fleet optimization.
• HD KSOE (HD Korea Shipbuilding & Offshore Engineering)coreStrategic or Co-development PartnerStrategic collaboration with MIT and Capital Maritime Group for nuclear reactor integration in commercial vessel design, securing ABS Approval in Principle.
• LRQA (Lloyd's Register Quality Assurance)coreTechnology or IntegrationCertification partner for ISO 9001, 14001, 45001, 50001, and 22301 management system certifications. Conducted first globally MRV assessment in March 2017 and provides ongoing verification services.
• MACN (Maritime Anti-Corruption Network)minorOthersActive member of MACN working to combat corruption in the maritime industry through compliance initiatives and best practices sharing.
• HELMEPA (Hellenic Marine Environment Protection Association)minorOthersActive member participating in environmental protection initiatives including annual coastal cleanup campaigns and environmental awareness programs.
• BIMCOminorOthersActive member of BIMCO, the largest international maritime association providing standard contracts and industry guidelines.
• IntertankominorOthersMember of Intertanko, the international trade association for independent tanker owners promoting shipping safety and environmental responsibility.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Euronav: Euronav is a leading publicly listed global crude tanker owner-operator with a large VLCC and Suezmax fleet. It is comparable to Capital Ship Management as a major crude tanker platform though it operates rather than manages third-party vessels; both compete for charterer relationships in the same tanker pools.
• Frontline: Frontline is one of the world's largest publicly listed tanker operators (VLCCs, Suezmax, LR2/Aframax). It is comparable to Capital Ship Management in tanker scale and global commercial reach, although Frontline is an owner-operator rather than a third-party ship manager.
• International Seaways: International Seaways is a global tanker operator with a diversified crude and product tanker fleet. Comparable to Capital Ship Management as a sizable crude/product tanker operator serving the same global charterer base.

Direct peers

• OSM Maritime Group: OSM Maritime is a global third-party ship management group with a strong tanker and offshore book, offering crew, technical, and energy management services. Comparable to Capital Ship Management as a third-party ship manager competing for the same tanker management mandates.
• Thenamaris (Salamis Shipping / Thenamaris Ship Management): Thenamaris is a major Greek-based tanker and bulk ship owner and operator, with a substantial in-house ship management arm. It is highly comparable to Capital Ship Management in geographic origin (Greece), Greek-ownership culture, and tanker-heavy fleet.
• V-Group: V-Group (formerly V.Ships) is the world's largest third-party ship management company, providing technical, crew, and commercial management across all major vessel segments including tankers. It is the closest direct peer to Capital Ship Management in terms of full-service ship management scale and tanker exposure.
• Columbia Shipmanagement: Columbia Shipmanagement (part of the Schoeller Group) is a sizable third-party ship manager covering tankers, bulkers, and offshore. Comparable to Capital Ship Management in providing integrated ship management services across vessel types and competing for global tanker management contracts.
• Bernhard Schulte Shipmanagement: BSM manages a large, diversified fleet including tankers and provides full-spectrum ship management services. It competes directly with Capital Ship Management for global tanker management mandates and has comparable scale and service offering.
• Anglo-Eastern Ship Management: Anglo-Eastern is one of the largest independent ship managers globally, managing several hundred vessels including a large tanker book. Comparable to Capital Ship Management in offering integrated technical, crew, and commercial management under a single global platform.
• Maran Tankers Management: Maran Tankers, part of the Angelicoussis Shipping Group, is one of the world's largest Greek tanker operators with significant VLCC and product tanker tonnage. Comparable to Capital Ship Management as a Greek-headquartered, family-controlled tanker owner-operator with in-house management.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/CapitalShip
• YouTubeyoutube.com/@capitalshipmanagementcorp.1512
• Facebookfacebook.com/capitalshipmanagement
• LinkedInlinkedin.com/company/capital-ship-management
• Instagraminstagram.com/capitalshipmanagement

Compliance19 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Capital Ship Management