on February 27, 2026 an outstanding public offering with an oversubscription of the initial offer, making the transaction among the largest international shipping company capital raisings and the largest ever on the Oslo Stock Exchange.
Following the increased demand, the company’s board of directors decided:
– to increase the size of the basic offering from approximately 300 million dollars to 435 million dollars and
– to increase the additional shares that may be offered from approximately 45 million dollars to 65 million dollars, bringing the total size of the public offering to 500 million.
Shareholding structure and valuation
Upon completion of the transaction, 26% of the company’s share capital was allocated to the investment community, with an emphasis on quality, long-term institutional investors. The remaining 74% remains with the parent company Capital Maritime & Trading. The total valuation of Capital Tankers Corp. is set at 1.9 billion dollars.
Listing on Euronext Growth Oslo
The successful completion of the public offering paves the way for the listing of the company’s shares on the Oslo Stock Exchange, a market with a long tradition in shipping and a specialized investment community.
Trading on Euronext Growth Oslo is expected to commence on March 17, 2026.
At a later stage, the company plans to move to the main market of the Oslo Stock Exchange, while it will also consider a secondary listing in the United States, depending on market conditions.
The proceeds of the public offering will be used for:
– financing the investment program
– working capital
– covering transaction costs
– general corporate purposes
Capital Tankers Corp. was established through a spin-off from its parent company, Capital Maritime & Trading. It is focused on the crude tanker sector and operates a fleet of 30 tankers (VLCCs, Suezmax, Aframax/LR2), of which 8 are in operation, with an investment program underway for the construction of 22 newbuildings. The Company also holds options for up to 13 additional newbuildings until a specified date.
A significant portion of the fleet is LNG dual-fuel capable or LNG-ready, supporting improved energy efficiency and fuel flexibility under evolving regulatory requirements, including EU ETS, FuelEU Maritime, and IMO initiatives.
ELNAVI Newsletter
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