CAPITAL TANKERS CORP. ANNOUNCES THE SUCCESSFUL DELIVERY OF A DUAL FUEL SUEZMAX TANKER AND NEW FINANCING ARRANGEMENTS
ATHENS, Greece, October 20, 2026 – Capital Tankers Corp. (the “Company”, “CAPT”, “we” or “us”), an international shipping company focused on crude oil transportation, today provided an update on its fleet and financing status.
Delivery of Dual Fuel Suezmax Tanker M/T Amor
Today the Company took delivery of the M/T Amor (155,348 DWT, Dual Fuel LNG capable, scrubber-fitted, New Times Shipbuilding Co., Ltd., China). This delivery brings the Company’s sailing fleet to 17 tankers comprising a total of one VLCC, eight Suezmax, four Aframax and four LR2 tankers. An additional ten vessels are expected to be delivered through 2027 and another six by mid-2028, resulting in a fully delivered fleet of 33 tankers.
The M/T Amor was partly financed with a sale and leaseback arrangement of $64.5 million, repayable in 28 quarterly instalments of $0.9 million, and a balloon of $40.0 million, due together with the last instalment in October 2033.
New Financing Arrangements
The Company has continued to make progress on the financing of its fleet under construction.
On September 29, 2026, the Company entered into a new financing arrangement for three VLCC tankers, namely the M/T Alterego II, the M/T Alexandros II and the M/T Apollonas II (all 320,000 DWT, Dual Fuel LNG ready, scrubber-fitted, expected delivery in 2027, Hanwha Ocean Co., Ltd., South Korea). The expected financing amount is $81.3 million for each of the M/T Alterego II and the M/T Alexandros II, and $79.2 million for the M/T Apollonas II, repayable in 20 equal quarterly instalments of $1.0 million, together with a balloon of $60.9 million for each of the M/T Alterego II and the M/T Alexandros II, and $59.4 million for the M/T Apollonas II, due with the last instalment.
On October 9, 2026, the Company entered into a new financing arrangement for three VLCC tankers, namely the M/T Amfitrion II, the M/T Alexander the Great II and the M/T Anemos II (all 307,000 DWT, Dual Fuel LNG capable, expected delivery in 2027, Dalian Shipbuilding Industry Co., Ltd. (“DSIC”), China). The expected financing amount is $90.9 million for each of the M/T Amfitrion II and the M/T Alexander the Great II, and $89.6 million for the M/T Anemos II. Each financing is repayable in 40 quarterly instalments of $1.1 million, with a balloon of $45.5 million for each of the M/T Amfitrion II and the M/T Alexander the Great II, and $44.8 million for the M/T Anemos II, due together with the last instalment.
On October 10, 2026, the Company entered into a new financing arrangement for two VLCC tankers, namely the M/T Akadimos and the M/T Amyntas II (both 307,000 DWT, Dual Fuel LNG capable, expected delivery in 2027 and 2028, respectively, DSIC, China). The expected financing amount is $89.6 million per vessel, repayable in 40 quarterly instalments of $1.1 million, and a $44.8 million balloon payment due together with the last quarterly instalment.
Finally, on October 12, 2026, the Company entered into a new financing arrangement of $79.3 million for each of three VLCC tankers, namely the M/T Aspidoforos, the M/T Armonikos and the M/T Aftarkis (all 306,000 DWT, scrubber-fitted, expected delivery in 2027, Hengli Shipbuilding (Dalian) Co., Ltd., China). Each financing is repayable in 40 quarterly instalments of $1.0 million, together with a balloon of $39.7 million due with the last instalment.
About Capital Tankers Corp.
Capital Tankers Corp. (Euronext Growth Oslo: CAPT) is a Marshall Islands-incorporated owner of modern crude and product tankers trading its vessels predominantly in the spot and short-term charter markets. The Company owns a fleet of 33 latest generation eco vessels — 15 VLCCs, 10 Suezmax and eight Aframax/LR2 tankers — comprising 17 sailing vessels and 16 newbuildings scheduled for delivery between 2027 and 2028, with options for 13 additional crude tankers. 23 of the 33 vessels are dual-fuel LNG ready or capable, providing the Company with significant potential fuel and regulatory cost advantages. For further information please visit https://www.capitaltankers.com/.
Contact Details
Brian Gallagher
Investor Relations Director & Business Development
Tel. +44 (770) 368 4996
E-mail: b.gallagher@capitalmaritime.com
Forward-Looking Statements
This communication contains certain forward-looking statements concerning future events. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe", "expect", "anticipate", "strategy", "intends", "estimate", "will", "may", "continue", "should" and similar expressions, but the absence of these words does not necessarily mean that a statement is not forward-looking. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. The forward-looking statements in this communication are based upon various assumptions, many of which are based, in turn, upon further assumptions. The Company believes that these assumptions were reasonable when made. However, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The Company does not make any guarantee that the assumptions underlying the forward-looking statements in this announcement are free from errors. Accordingly, you should not unduly rely on these forward-looking statements, which speak only as of the date of this communication.
The information, opinions and forward-looking statements contained in this communication speak only as at its date and are subject to change without notice. The Company and its affiliates expressly disclaim any obligation or undertaking to update, review or revise any statement contained in this communication whether as a result of new information, future developments or otherwise.