Feb 27 • 05:29 UTC 🇬🇷 Greece Naftemporiki

Capital Tankers eyes Oslo Stock Exchange listing

Capital Tankers, led by Vangelis Marinakis, is planning to list on the Oslo Stock Exchange and aims to raise $345 million through a private placement.

Capital Tankers, part of the shipping firm run by Vangelis Marinakis, is preparing for its listing on the Oslo Stock Exchange with a private placement aiming to raise approximately $345 million. This strategic move underscores the company's growth ambitions, backed by significant assets totaling around $13.4 billion. The company manages an impressive fleet of 30 tankers, including various sizes such as VLCCs, Suezmaxes, and Aframax/LR2s, with plans for expansion and modernization evident through their current operations and ongoing construction of new vessels.

The recently reported fleet houses three operational tankers, with five more set for imminent delivery and an additional 22 under construction, showing a robust commitment to scaling its operations. Furthermore, with 13 options for constructing more tankers by the end of 2026, the company's strategy appears to be focused on enhancing its market position in the maritime industry. The recent order of 11 very large container ships in China further emphasizes Marinakis' aggressive growth tactics.

The operational capabilities of their vessels, many equipped to use LNG as a dual fuel, highlight a growing trend towards sustainability in shipping. This move by Capital Tankers to list on the Oslo Exchange could set a precedent for other firms in the sector looking to access international capital markets for expansion and innovation while catering to evolving environmental standards.

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