Capital Tankers, an international shipping company focused on crude oil transportation, 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.