Capital Maritime Finance Corp. (CMF), backed by Greek shipowner and investor Evangelos Marinakis, is preparing to enter the Athens Stock Exchange with a modern container fleet, long-term contracted revenues and an ambitious newbuilding programme — offering investors exposure to one of the fastest-evolving segments of global shipping.
The planned listing of CMF on the Athens Stock Exchange (Euronext Athens) marks another step in the expansion of the Capital Maritime Group’s presence in the international capital markets.
More importantly, it comes at a time when the container shipping industry is undergoing a profound transformation. Fleet renewal, environmental regulation, energy efficiency and the changing structure of global supply chains are reshaping the economics of the sector.
Against this backdrop, CMF is building its proposition around three core pillars: a young and technologically advanced fleet, long-term contracted revenues and access to a significant pipeline of new tonnage.
A Fleet Built for the Next Cycle
At the core of CMF’s investment proposition is a fleet of 36 latest-generation container vessels, comprising 13 vessels already in operation and a further 23 under construction.
The combined fleet will provide more than 148,000 TEU of capacity. Upon completion of the current delivery programme, its TEU-weighted average age is expected to be approximately two years, placing CMF among the youngest fleets in the international container shipping sector.
The composition of the fleet also reflects the industry’s accelerating transition towards greater energy efficiency and lower emissions.
CMF’s vessels include LNG dual-fuel tonnage, while the fleet incorporates energy-efficient designs achieving CII Grade A and vessels capable of connecting to shore power. These characteristics are increasingly relevant as environmental regulation becomes a more significant factor in fleet deployment, chartering decisions and long-term asset values.
For CMF, fleet renewal is therefore not simply a question of age. It is also intended to provide greater flexibility as regulatory requirements and customer expectations continue to evolve.
Visibility in a Volatile Market
One of the defining features of CMF’s business model is the extent of its contracted revenue base.
The company has $3.9 billion in secured revenues, with 100% of the fleet’s available days contracted through 2034. The average remaining charter duration stands at 9.5 years.*
*As of 30 June 2026.
In an industry traditionally exposed to pronounced freight-rate cycles, such a level of forward coverage provides a substantial degree of earnings visibility.
The company’s chartering relationships include global supply-chain players such as CMA CGM and DP World/Unifeeder, reinforcing its exposure to established counterparties in the container shipping market.
Three Generations of Shipping Experience
Behind the fleet and the balance sheet is a shipping organisation whose experience spans three generations.
For CMF, the combination of long-standing sector expertise and a professionally managed operating platform is central to its proposition. In an industry where commercial timing, fleet management and capital allocation can have a material impact on returns, accumulated shipping knowledge remains an important competitive asset.
The company’s strategy is therefore built not only around the acquisition and deployment of modern tonnage, but also around the experience required to navigate the industry’s cycles.
A $1.8 Billion Investment Programme
CMF’s growth strategy extends beyond its existing fleet.
The company is pursuing an investment programme of approximately $1.8 billion through 2028, primarily supporting a substantial newbuilding programme and providing a pipeline for further fleet growth.
The scale and timing of this investment are significant. Container shipping has entered a period in which owners are having to balance the replacement of older tonnage with increasingly stringent environmental requirements, while also assessing the long-term implications of alternative fuels and changing trade patterns.
CMF’s orderbook is designed to position the company within that transition rather than behind it.
An Income Proposition for Investors
Alongside fleet growth, CMF intends to offer investors a clearly defined distribution policy.
The company aims to distribute a stable portion of adjusted net income to shareholders on a quarterly basis, creating an income component alongside the potential for capital appreciation associated with the growth of the fleet.
The combination of contracted revenues, a young fleet and a sizeable orderbook is intended to provide a degree of earnings visibility that is unusual in a highly cyclical industry.
Building on Capital Maritime’s Listed Track Record
CMF’s planned listing follows the capital-markets trajectory of other companies associated with the Capital Maritime Group.
Capital Clean Energy Carriers and Capital Tankers have a combined market capitalisation of more than $4 billion.
Capital Clean Energy Carriers
Capital Clean Energy Carriers has established one of the largest modern LNG shipping platforms among U.S.-listed companies, with:
- 32 LNG/LPG vessels
- Approximately $2.9 billion in contracted revenue backlog
- 77 consecutive quarterly dividend distributions
- The largest modern LNG carrier fleet among U.S.-listed shipping companies
- €500 million raised through three unsecured bond issues in the Greek market
Figures as of 30 June 2026.
Capital Tankers
Capital Tankers added another international capital-markets milestone in 2026 with its listing on Euronext Growth Oslo.
The transaction included:
- A $500 million IPO
- Listing in the first quarter of 2026
- A 39.9% increase in the share price during the first six months of trading, from NOK 134 to NOK 187.5*
*Through 17 September 2026.
The experience of these companies provides CMF with an established reference point as it approaches the Greek capital market.
Evangelos Marinakis and the Capital Markets Strategy
The planned CMF listing also forms part of a broader strategy pursued by Evangelos Marinakis, founder and Chairman of Capital Maritime & Trading Corp.
The Capital Maritime Group currently manages a fleet of 179 vessels, including the fleets of Capital Clean Energy Carriers, Capital Tankers and the newly established CMF.
Marinakis has more than 20 years of experience in the international capital markets, during which companies backed by him have completed major IPOs and corporate transactions, including two significant U.S. mergers, while also raising capital through three successful bond issues in Greece.
Since 2007, listed shipping companies backed by Marinakis have distributed more than $1 billion in dividends to shareholders.
In 2025, Lloyd’s List ranked Marinakis 10th in its annual list of the 100 most influential people in global shipping. In 2024, he received an Honorary Doctorate from the Massachusetts Maritime Academy, while since 2022 he has served as an elected member of the Board of the Union of Greek Shipowners.
Beyond Shipping
Marinakis is also the founder and principal shareholder of Alter Ego Media, one of Greece’s leading Media & Entertainment groups and one of the fastest-growing integrated media platforms in Southern Europe.
Following its listing on the Athens Stock Exchange in 2025, Alter Ego Media recorded a 57.5% share price return, compared with a 37% return for the General Index. Its IPO raised approximately €57 million in gross proceeds and was nearly 12 times oversubscribed, with total demand reaching approximately €677 million from retail and institutional investors.
Beyond his business interests, Marinakis supports a range of philanthropic initiatives in Greece and internationally, including UNICEF, the Miltiadis Marinakis Chair for Modern Greek Language and Culture at The Ohio State University, the Kazantzakis Museum in Crete, as well as social and infrastructure projects in Piraeus and elsewhere in Greece.
A Shipping Platform for the Next Decade
CMF’s proposed entry to the Athens Stock Exchange comes at the intersection of two developments: the transformation of the global container fleet and the growing role of Greek capital markets in financing internationally focused shipping companies.
Its proposition is built around a young fleet, long-term charter coverage, a substantial orderbook and the capital-markets experience of the wider Capital Maritime Group.
For investors, the attraction lies in the combination of contracted cash flows and fleet growth. For the Greek market, the listing would add another internationally focused shipping company to a capital market seeking to strengthen its position as a financing centre for global maritime businesses.
CMF is therefore entering the market not simply with a new fleet, but with a broader proposition: to combine the long-term characteristics of contracted shipping revenues with the growth potential of a modern container fleet — and bring that model to investors through Athens.
