Greece Shocks Global Shipping as Evangelos Marinakis Unleashes Capital Tankers in Oslo Power Move to Challenge Frontline and Euronav

By: Tuhin Sarkar

Image generated with Ai

Greece is roaring back into the spotlight. Evangelos Marinakis is making waves. Capital Group is doubling down on crude oil tankers. And Capital Tankers is about to explode onto the public markets. This is not a quiet listing. This is a bold maritime strike.

Greek shipping tycoon Evangelos Marinakis is launching Capital Tankers on Euronext Growth Oslo. The goal is clear. Build a publicly traded, pure-play tanker company. Rival the biggest names in the crude oil tanker segment. Challenge Frontline. Stand shoulder to shoulder with Euronav. Dominate the tanker market.

Capital Tankers will be incorporated in the Marshall Islands. It is targeting a listing by mid-March. It may uplist to the main Oslo Stock Exchange. It may also pursue a dual listing in the United States. The ambition is global. The timing is sharp. The message is loud.

This is Greece asserting power in global shipping again.

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Evangelos Marinakis Bets Big on the Crude Oil Tanker Segment and Refuses to Blink

Evangelos Marinakis is not testing the water. He is diving deep. Capital Group has placed a large bet on the crude oil tanker segment. Now Capital Tankers will carry that bet into the public arena.

The strategy is simple and fierce. Focus only on crude oil tankers. Offer investors a pure-play tanker company. Keep exposure to spot and short-term markets. Capture volatility. Capture upside. Move fast.

Capital Tankers will take over vessels ordered by Capital Maritime & Trading. That parent group has a strong public markets track record. It backs NASDAQ-listed Capital Clean Energy Carriers Corp. That credibility matters.

Jerry Kalogiratos, CEO of Capital Tankers, calls it a unique opportunity. He says the fleet will be the youngest and most technologically advanced crude tanker fleet in the public markets. That is not modest language. That is a challenge to the giants.

Capital Tankers wants to stand tall in the crude oil tanker segment. And it wants to do it quickly.

Oslo Listing Frenzy: Capital Tankers Targets Up to $345 Million in Explosive Private Placement

Capital Tankers is moving with precision. It has engaged Fearnley Securities and Pareto Securities as joint global coordinators. Clarksons Securities and SB1 Markets are acting as joint bookrunners. The aim is clear. Raise as much as three hundred and forty-five million dollars through a private placement including overallotment.

The filing is expected around early March. The listing could follow days later. The speed signals confidence.

Euronext Growth Oslo has become a magnet for shipping listings. It is dynamic. It is visible. It gives access to capital hungry for maritime exposure.

But this is just the beginning. Capital Tankers is exploring an uplisting to the main Oslo Stock Exchange. It is also considering a dual listing in the United States. That move would unlock deeper liquidity and a broader investor base.

Capital Tankers is not thinking small. It is building a global equity story around crude oil tankers.

⚓ Fleet Power Play: Thirty Tankers Built to Shake the Market

When fully delivered, Capital Tankers will control a fleet of thirty crude oil tankers. That number matters. It places the company directly in the heavyweight arena.

The fleet will include twelve VLCCs. Ten Suezmax vessels. Eight Aframax or LR2 tankers. This is a diversified crude oil tanker platform.

Three vessels are already operating. Five more are expected within months. Twenty-two additional tankers are on order.

Capital Tankers also holds thirteen options at fixed prices extending into the future. That gives flexibility. That gives control.

Most vessels will be LNG dual-fuel capable or LNG-ready. They will be fitted with scrubbers. That means better efficiency. That means regulatory readiness.

Compared to Euronav’s fleet of thirty-one tankers and Frontline’s seventy-five, Capital Tankers is entering the race with serious firepower.

The crude oil tanker segment just gained a new contender.

🌍 Marshall Islands Incorporation with Greek Backbone and Global Reach

Capital Tankers will be incorporated in the Marshall Islands. That is common in global shipping. It offers flexibility and efficiency.

But the backbone remains Greek. Evangelos Marinakis. Capital Group. Capital Maritime & Trading. These names carry weight.

The structure is designed for speed and global investor appeal. It aligns with international maritime norms. It ensures operational efficiency.

Capital Tankers will also benefit from a first right of refusal for a decade on tanker newbuilds or long-term vessel employment opportunities that Capital Maritime & Trading encounters. That pipeline is powerful.

This means Capital Tankers may access future growth before competitors even see it.

The crude oil tanker strategy is long-term. The capital markets strategy is flexible. The ambition is unmistakable.

📈 Spot Market Strategy: High Risk, High Reward, High Drama

Capital Tankers will focus on spot and short-term exposure. That means earnings can swing. But it also means capturing peaks.

In volatile oil markets, crude oil tanker rates can surge. A spot-heavy fleet can capitalise fast.

This strategy is not defensive. It is aggressive. It seeks upside. It rides market cycles.

Supported by a competitive operating cost structure, Capital Tankers aims to stay lean. Lower costs. Stronger margins. Greater resilience.

In the crude oil tanker segment, timing is everything. Exposure matters. Flexibility wins.

Capital Tankers is building a model designed to react, pivot, and profit.

🏆 A Direct Challenge to Frontline and Euronav

Let us be clear. Capital Tankers is not entering a quiet niche. It is stepping into an arena ruled by giants.

Frontline stands as the largest crude oil tanker company. Euronav remains a formidable force.

Capital Tankers is positioning itself to rival the largest companies in the sector. That language is deliberate. It signals intent.

With thirty vessels planned, LNG dual-fuel capabilities, scrubbers, and a modern design, the fleet aims to compete on technology and efficiency.

Youth matters. Technology matters. Cost control matters.

Capital Tankers wants investors to see a pure-play crude oil tanker champion backed by a proven Greek shipping powerhouse.

The battle lines are drawn.

🚨 Capital Tankers: A New Era for Greek Shipping Ambition

Greek shipping has long dominated global seas. Evangelos Marinakis represents a modern chapter in that story.

With Capital Tankers, Greece signals renewed ambition in the crude oil tanker segment. The company blends tradition with innovation. It pairs public market access with operational scale.

The Euronext Growth Oslo listing is just the first milestone. The potential uplisting. The possible US dual listing. The fleet expansion. The fixed-price options. The right of refusal.

Each piece builds a larger narrative. Capital Tankers is not merely listing shares. It is crafting a bold maritime platform.

For investors seeking exposure to crude oil tankers, Capital Tankers offers scale, youth, and backing. For competitors, it offers pressure.

The crude oil tanker market has a new force.

And it carries the name Capital Tankers.