In a significant shift within international maritime capital markets, Capital Tankers Corp., controlled by Mr. Evangelos Marinakis, successfully executed a landmark public offering on the Oslo Stock Exchange. The offering, which experienced unprecedented demand from the investment community, was substantially oversubscribed, reflecting the high level of interest among both Norwegian and international institutional investors.

This capital raise is distinguished not only for its size but also for its historical relevance in Norway's market, as it is recorded as the largest capital raising ever conducted by a shipping company in the country. The company's Board of Directors was prompted to revise the size of the offering due to the overwhelming response, increasing the primary offering from $300 million to $435 million, with total proceeds including additional shares reaching $500 million.

The successful completion of this capital raise reflects not only the strength of Capital Tankers Corp. in the global shipping industry but also underscores the confidence investors have in its strategic growth plans. Such robust funding positions the company well for future expansions and investments, potentially reshaping the competitive landscape of maritime shipping and finance across Europe and beyond.