Capital Tankers Corp. Reports Strong Second Quarter Results
Capital Tankers Corp. announced its financial results for the second quarter ended June 30, 2026. Quarterly Highlights • During the second quarter, the Company took delivery of seven vessels, comprising three Suezmax and four Aframax/LR2 tankers. As of June 30, 2026, the weighted average age of the fleet was 2.2 years. Subsequent to quarter-end and ...
Capital Tankers Corp. announced its second quarter financial results on June 30, 2026. The company acquired seven vessels, bringing the weighted average age of its fleet to 2.2 years. As of June 30, 2026, the sailing fleet consisted of 15 modern, latest generation vessels, including one VLCC, six Suezmax, four Aframax, and four LR2 tankers.
Nine of these vessels are scrubber-fitted and 12 are LNG dual fuel capable or ready. The company also announced the acquisition of three VLCC shipbuilding contracts from Capital Maritime & Trading Corp., with deliveries scheduled for 2027. Net income for the quarter was $92.9 million, with a cash dividend of NOK 3.0 per share declared.
Fleetwide time charter equivalent earnings were $116,260 per day, and adjusted EBITDA stood at $104.2 million. Approximately 78% of available spot days in the third quarter have been booked at an average TCE rate of $115,268 per day. Net cash from operating activities for the period was $82.8 million, while net cash used in investing activities amounted to $797.8 million.
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