Capital Tankers Corp. , an international shipping company focused on crude oil transportation, today provided an update on its fleet deliveries and financing status.
The Company took delivery yesterday of the M/T Ataraktos (156,727 DWT, scrubber-fitted crude oil tanker, HD Hyundai Samho Co., Ltd., S. Korea (“HD Hyundai Samho”)) and of the M/T Aristoklis (155,374 DWT, Dual Fuel LNG capable and scrubber-fitted, New Times Shipbuilding Co., Ltd., China (“New Times SB”)).
Both vessels are expected to trade in the spot market. The delivery of M/T Ataraktos was financed with cash on hand and a new debt facility of $62.0 million, repayable in 20 equal quarterly instalments of $0.9 million, and a balloon payment of $45.0 million, due together with the last instalment.
The delivery of M/T Aristoklis was financed with a new debt facility of $64.5 million, repayable in 28 equal quarterly instalments of $0.9 million, and a balloon payment of $40.0 million, due together with the last instalment.
Since listing on the Euronext Growth Oslo on March 17, 2026, the Company has made significant progress across fleet deliveries, financing and vessel employment. As of April 14, 2026, our fleet consists of nine tankers in the water, including one Very Large Crude Carrier (“VLCC”) vessel, four Suezmax crude oil tankers, two Aframax crude oil tankers and two Long Range 2 (“LR2”) oil product/crude oil tankers.
We expect an additional two crude oil Dual Fuel LNG-capable Aframax tankers to be added to our fleet within the next 10 days.
CAPT In Service Fleet Overview
We expect our fleet to grow to 17 vessels by November 2026, and to include one VLCC, eight Suezmax tankers, four Aframax tankers and four LR2s. An additional seven vessels are expected to be added during 2027 and another six by mid-2028, resulting in a fully delivered fleet of 30 tankers.
CAPT Under Construction Fleet Overview
The following table sets out the Company’s schedule of expected capital expenditure payments for its under-construction fleet, as of March 31, 20262.
CAPT Capex Schedule in USD million, as of March 31, 20262
Fleet Financing Update
The Company has continued to make progress on the financing of its sailing fleet and vessels under construction.
On April 7, 2026, the Company entered into a new financing arrangement for each of four Suezmaxes, namely the M/T Alkinoos (155,352 DWT, scrubber-fitted, super-eco vessel, built 2025, New TimesShipbuilding Co., Ltd., China), the M/T Amor, the M/T Aristoklis and the M/T Ayrton (all 155,500 DWT, scrubber-fitted, super-eco tankers, LNG-capable, delivery/expected delivery 2026, New Times SB, China). The expected financing amount is $64.5 million per vessel, repayable in 28 quarterly installments of $0.9 million, and a $40.0 million balloon payment together with the last quarterly instalment. On April 14, 2026, the Company drew $64.5 million for each of the M/T Alkinoos and the M/T Aristoklis.
Including the drawdowns for the financing of M/T Ataraktos and M/T Aristoklis, CAPT has drawn a total of $328.0 million of new debt. In addition, the Company has $129.0 million of secured and undrawn debt financing for our newbuilding program and $235.1 million of financing that is subject to long form documentation.
The following table sets out the Company’s debt summary as of April 14, 2026.
CAPT Debt Summary in USD million, as of April 14, 2026
Mr. Jerry Kalogiratos, Chief Executive Officer of CAPT, commented: “Capital Tankers has hit the ground running as a listed company, in the middle of an extraordinarily volatile market. We are focused on delivering on our business plan, fast-tracking where possible our newbuilding deliveries and securing financing at competitive terms. On the employment front, we have secured a one-year time charter at $100,000 per day for our VLCC in the water, while our remaining fleet of high specification Suezmaxes and Aframaxes trading in the spot market are capturing robust freight rates, supported by strong market fundamentals and short-term geopoliticaldislocations. Indicatively, we have booked so far a total of 233 days across our spot fleet since our IPO at an estimated Time Charter Equivalent (“TCE”)4 rate of approximately $175,000 per day on a round voyage basis."
Next Reporting Date
Capital Tankers Corp. is scheduled to report our first quarterly report covering the first quarter of 2026 on Tuesday, May 26, 2026. Details on the earnings call and how to access this will be distributed ahead of the earnings call.
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