Watson Farley & Williams (“WFW”) acted as English, Marshall Islands and Liberian law counsel to Capital Maritime Finance Corp. (“Capital Maritime Finance”) on its IPO and proposed admission to trading on the Main Market of Euronext Athens. The transaction comprises a public offering of up to 42 million new shares, aggregating proceeds of up to €300m, with the final offer price being set at €7.50 per share. The offering was led by Piraeus Bank S.A., Euroxx S.A., Eurobank S.A. and National Bank of Greece S.A. as joint coordinators and lead underwriters.
The transaction is the first standalone listing of a shipping company on Euronext Athens with the IPO marking a significant step in the company’s access to Greek capital markets and expansion of its investor base. The proceeds will primarily be used to acquire 23 new vessels over the next 24 months.
Capital Maritime Finance (Euronext Athens: CMFC) is a Marshall Islands international shipping company with a fleet of modern, latest generation container vessels employed on long-term charters with leading liner companies. As of 30 September 2026, the company’s fleet comprised 13 operating vessels and 23 vessels under construction, scheduled for delivery through 2028, all contracted under long-term time charters with aggregate projected revenues of approximately US$3.9bn and remaining charter duration of approximately 9.4 years. The fleet includes 26 feeder container vessels of 1,800 to 2,900 TEU and 10 LNG dual-fuel Neo-Panamax vessels of approximately 8,800 TEU.
The WFW Athens Maritime team that advised Capital Maritime Finance was led by Assets & Structured Finance Partner Konstantinos Mexias, supported by Counsel Marilena Kossyfa, Senior Associate Haris Kazantzis and Associates George Kalpakidis and Ioannis Kotronias and Trainee Eleftheria Kouta.
Konstantinos commented: “This IPO represents a significant milestone for Capital Maritime Finance and an important transaction for Greek capital markets. As the first standalone shipping company to seek admission to Euronext Athens, Capital Maritime Finance is setting an important precedent for the sector. We are delighted to have support them on this landmark transaction”.
