Okeanis Eco Tankers plans fleet expansion, share offering for Suezmax vessels

Okeanis Eco Tankers Corp. announced agreements to acquire two Suezmax tanker newbuilding resales for $97 million each. These vessels are expected to be delivered in January 2026, with acquisitions subject to the company raising sufficient capital.

To finance a portion of the acquisitions, Okeanis Eco Tankers is contemplating an offering of new common shares aiming to raise gross proceeds of approximately $100 million. The subscription price and total number of shares will be determined via an accelerated bookbuilding process, commencing November 18, 2025, and expected to close by November 19, 2025. A trading halt will be imposed on OET shares on Euronext Oslo Børs during this period.

The net proceeds from the offering are primarily for the vessel acquisitions, but may be used for general corporate purposes if the acquisitions do not consummate. Offer Shares issued prior to the December 2, 2025 record date for the previously announced $0.75 cash dividend will also be entitled to receive this dividend.