Capital Tankers

What Capital Tankers does

Capital Tankers Corp. is a Marshall Islands-incorporated, Oslo-listed crude tanker shipping company that operates a young, technologically advanced fleet of VLCC, Suezmax, and Aframax/LR2 vessels trading predominantly in spot and short-term charter markets. The company was established and listed on Euronext Growth Oslo (ticker: CAPT) on March 17, 2026, in the largest western shipping IPO in two decades, raising approximately USD 500 million at a market capitalization of around USD 2 billion. Its fleet technology centers on dual-fuel LNG propulsion and scrubber-fitted, eco-design vessels positioned to comply with tightening emissions regulations while reducing fuel cost. As of June 2026, 13 vessels are sailing, with the fleet contracted to expand to 33 vessels by Q2 2028 and an additional 13 option vessels available.

The company's revenue model is straightforward: it charters crude oil tankers to oil majors, integrated energy companies, and oil trading houses on spot and short-term contracts, with earnings directly exposed to prevailing global tanker rates. Capital Tankers sells directly without intermediaries or resellers, distributing capacity through commercial relationships and shipbrokers. It does not publicly disclose charter pricing, as rates fluctuate based on global oil demand, vessel supply, and geopolitical factors — the latter currently driving multi-decade high tanker earnings due to Strait of Hormuz disruptions affecting Chevron, TotalEnergies, and other operators. A vertical segmentation approach focuses on enterprise energy counterparties.

Capital Tankers is controlled (74% post-IPO) by parent Capital Maritime & Trading Corp., the shipping vehicle of billionaire Evangelos Marinakis, and benefits from below-market vessel acquisition pricing (estimated $82m value uplift on the June 2026 VLCC purchase from parent). The management team is led by CEO Jerry Kalogiratos (formerly CEO of NASDAQ-listed Capital Clean Energy Carriers) and includes executives drawn from Euronav, Heidmar, and Hayfin. The company declared its first dividend (NOK 0.50/share) in Q1 2026 and has signaled intent to uplist to Oslo's main board and potentially the New York Stock Exchange.

Name

Capital Tankers

Legal name

Capital Tankers Corp.

Website

https://capitaltankers.com

Company type

Public

Founded year

2026

Operating status

Operating

Headcount range

1–10 employees

Short description

Capital Tankers Corp. is a publicly listed crude tanker shipping company operating a young, dual-fuel LNG-capable and scrubber-fitted fleet of VLCC, Suezmax, and Aframax vessels in spot and short-term charter markets, serving oil majors, integrated energy companies, and oil trading houses globally.

Ownership category

akta.pro rank

Product category

Crude Oil Tanker Shipping

NAICS

Water Transportation (483)

SIC

Deep Sea Foreign Transportation Of Freight (4412), Water Transportation (4400)

akta.pro primary industry

Liquid Bulk / Crude & Product Tanker Operators (VLCC/Suezmax/Aframax/MR) (TLADABAD)

akta.pro secondary industries

Crude Oil & Petroleum Products Tanker Transport (TLADALAA), Crude Oil Tanker Shipping (EUALADAG)

Keywords

• Crude oil tankers
• Spot charter services
• VLCC shipping
• Tanker fleet operations
• Maritime transportation

Headquarters

HQ city

Piraeus

HQ country

Greece

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Vessel Chartering: Revenue generated from chartering crude oil tankers in spot and short-term charter markets. The company operates a modern fleet trading globally, with earnings directly tied to prevailing tanker rates which have reached multi-decade highs.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Capital Tankers Corp. is a next-generation shipping company that owns and operates a young, technologically advanced crude tanker fleet trading predominantly in the spot and short-term charter markets. The fleet comprises VLCC, Suezmax, and Aframax/LR2 vessels with dual-fuel LNG capabilities and scrubber-fitted technology, providing crude oil transportation services to oil majors, integrated energy companies, and oil trading houses globally.

Product overview

Capital Tankers Corp. is a next-generation shipping company offering a single unified service: crude oil tanker transportation. The company operates a young, eco-design fleet of 33 tankers across three vessel classes—VLCC (Very Large Crude Carriers), Suezmax, and Aframax/LR2—trading predominantly in spot and short-term charter markets. The fleet features high-specification dual-fuel capabilities (primarily LNG-capable) and scrubber-fitted vessels for environmental compliance. Capital Tankers is listed on Euronext Growth Oslo (ticker: CAPT) and incorporated in the Marshall Islands, with built-in growth through a contracted newbuilding program delivering vessels between 2026 and 2028.

Differentiator

Problem solved

Functional benefit

Products and services

• VLCC Tanker Fleet

Quantifiable outcome

• Estimated $82m value uplift on VLCC newbuilding acquisition from parent company at below-market contract prices
• +2 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Hengli ShipbuildingmajorStrategic or Co-development Partner · 15 June 2026Chinese shipyard constructing three VLCC newbuildings for Capital Tankers with deliveries scheduled September, October, and November 2027. Vessels fitted with scrubbers.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Scorpio Tankers Inc. Scorpio Tankers operates a large fleet of MR and LR2 product tankers with exposure to crude-linked dirty products. It is comparable to Capital Tankers in tanker segment focus, spot trading orientation, and management by a prominent Greek shipping family.
• Teekay Tankers Ltd. Teekay Tankers operates a fleet of Suezmax and Aframax tankers trading in spot and time charter markets. It directly overlaps with Capital Tankers in mid-size crude tanker classes and similar chartering strategy with oil majors and trading counterparties.
• Frontline plc: Frontline is one of the world's largest publicly listed crude tanker operators, with a fleet of VLCCs and Suezmaxes trading in the spot and time charter markets. It is a direct peer to Capital Tankers given the overlapping fleet composition, spot-market orientation, and exposure to crude oil transportation economics.
• Torm plc: Torm is one of the largest publicly listed product tanker companies, with a fleet of MR and LR1 vessels. It is comparable to Capital Tankers' Aframax/LR2 segment and shares a similar spot-market commercial approach and customer base of oil majors and trading houses.
• International Seaways, Inc. International Seaways operates a diversified tanker fleet of VLCCs, Suezmaxes, Aframax/LR2s, and MR product tankers with significant spot exposure. It overlaps directly with Capital Tankers across the three core vessel classes and similar customer base of oil majors and trading houses.
• Euronav NV: Euronav is a leading Belgian-listed crude tanker company operating VLCCs and Suezmaxes globally. It is highly comparable to Capital Tankers in fleet type, size segment, and crude-focused strategy, and Capital Tankers' IR director previously served on Euronav's executive management board.
• Tsakos Energy Navigation Ltd. Tsakos Energy Navigation operates a diversified fleet of crude tankers (VLCC, Suezmax, Aframax) plus product and LNG carriers. It is comparable to Capital Tankers in crude tanker fleet composition, Greek shipping heritage, and public listing on international exchanges.
• DHT Holdings Inc. DHT Holdings is a pure-play VLCC owner operating one of the largest fleets of Very Large Crude Carriers in the world, trading predominantly in the spot market. The pure-VLCC, spot-exposed model directly mirrors Capital Tankers' strategy in the largest crude tanker size segment.

Broad incumbents

• Star Bulk Carriers Corp. Star Bulk Carriers is one of the largest global dry bulk shipowners, operating a fleet of Newcastlemax, Capesize, and Panamax vessels. While not a crude tanker operator, it is a directly relevant Greek-listed shipping peer providing comparison on shipping capital allocation, modern fleet strategy, and public-market shipping valuations.
• Capital Clean Energy Carriers Corp. Capital Clean Energy Carriers is the NASDAQ-listed sister company of Capital Tankers under the Capital Maritime & Trading umbrella, focused on LNG and LPG carriers rather than crude tankers. While not a direct crude tanker competitor, it shares management, parent, and strategy DNA, making it a useful broader-incumbent comparable.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/Capital_Tankers

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Tankers