WHO WE ARE
Capital Tankers is an international shipping company, incorporated in the Marshall Islands and listed on the Euronext Growth Oslo exchange. It owns a fleet of 30 tankers, with nine currently operational and 21 under construction, scheduled for delivery between 2026 and 2028. The firm also holds options for an additional 13 vessels, including 11 VLCCs.
Distinctive for its eco-friendly and technologically advanced fleet, Capital Tankers features vessels equipped with the latest designs, including 18 with LNG dual-fuel propulsion.
Company at a glance
- Capital Tankers is an international shipping company incorporated in the Marshall Islands
- Owned fleet of 30 tankers, 9 of which are sailing and 21 under construction with 8 vessels delivering in 2026, 7 in 2027 and 6 in 2028.
- 13 optional vessels (2 x Suezmax and 11 x VLCC) with deliveries in 2028, available to Capital Tankers at shipyard cost until year end 2026 and under Right of First Refusal thereafter ("ROFR") thereafter
- 18 of the vessels are LNG Dual fuel capable, providing significant fuel and emissions savings
Ultra modern fleet:
12 x VLCC, 10 x Suezmax and 8 x Aframax/LR2
9 x sailing vessels, 21x on order + 13x options
High specification dual-fuel fleet:
Majority of fleet LNG dual-fuel and/or scrubber fitted with significant fuel and emissions savings potential
Attractive cash-break even:
Attractive fleet cash break-even before accounting for super-eco earnings premium
Tanker market strength:
Supportive long-term fundamentals. Operational leverage through spot exposure
Focus on shareholder returns:
Targeting 70 – 80%(1) of Free Cash Flow adjusted for working capital and other reserves (“FCFE”) to be distributed to shareholders
Notes
(1) 30 – 40% of FCFE during construction period, 70 – 80% once fleet is fully delivered.