A new chapter opens for the Capital Group owned by Evangelos Marinakis, with the announcement of a $300 million private placement for Capital Tankers Corp and its upcoming listing on Euronext Growth Oslo, the Norwegian market that traditionally attracts shipping companies. Capital Tankers, headquartered in Piraeus, operates in crude oil transportation and owns a fleet of 30 tankers — 8 of which are already sailing and 22 under construction — with a total value of $3.5 billion. This represents one of the world’s largest newbuild tanker fleets. Beyond its core fleet, the company holds options for up to 13 additional newbuild vessels, bringing the total Enterprise Value to $5.1 billion — a scale that makes it one of the most significant shipping IPOs in recent years.
Valuation and transaction details
The pre-money equity valuation, based on the core fleet of 30 vessels, is estimated at $1.4 billion. The capital raised from the private placement, combined with new debt financing, will fund the construction of vessels currently under development. After completing the transaction, the Capital Group owned by Evangelos Marinakis will retain an 82% stake in the company, while new shareholders will hold the remaining 18%. Trading of shares on the Oslo Stock Exchange under ticker CAPT is expected to begin around March 17, 2026.
Strategic positioning
Fearnley Securities and Pareto Securities serve as Global Coordinators and Joint Bookrunners, with Clarksons Securities and SB1 Markets participating as Joint Bookrunners. This move represents another strategic expansion for Evangelos Marinakis in capital markets, following the successful trajectory of Capital Clean Energy Carriers (Nasdaq: CCEC) in the US, which maintains a market capitalization of approximately $1.4 billion. With this new listing, the Capital Group further strengthens its presence in international stock exchanges, confirming its leadership role in the tanker industry.
