[ERNST & YOUNG LOGO OMITTED]

    [ ] ERNST & YOUNG (HELLAS)                  [ ] Telephone: +30-210.28.86.000
        Certified Auditors - Accountants S.A.       Telefax  : +30-210.28.86.905
        11th klm National Road Athens - Larnia
        GR-144 51 Metomorphosi, Greece

                                                                    EXHIBIT 23.1



            Consent of Independent Registered Public Accounting Firm


     We consent to the reference to our firm under the caption "Experts" and to
the use of our report dated June 11, 2005 (except for the effects of the
reorganization as discussed in Notes 1 and 7 as to which the date is June 24,
2005), in Amendment No. 2 to the Registration Statement (Form F-1 No. 333-125759)
and related Prospectus of Capital Maritime & Trading Corp. for the registration
of 16,670,000 shares of its common stock.

/s/ Ernst & Young (Hellas) Certified Auditors Accountants S.A.
Athens, Greece
June 24, 2005







                              [ ] Thessaloniki : 4, Polytechniou Street
                                                 546 26 Thessaloniki
                                  Telephone    : 2310.512.515, Fax: 2310.512.487