Okeanis Eco Tankers secures $90m financing for new Suezmax vessels

Okeanis Eco Tankers Corp. (OET) announced it has secured two new facility agreements totaling $90 million to finance recently acquired newbuilding Suezmax vessels, "Nissos Piperi" and "Nissos Serifopoula." These vessels, under construction at Daehan Shipbuilding Co., Ltd, are expected to be delivered in January 2026. Each facility, provided by prominent Greek banks, amounts to $45 million.

The "Nissos Piperi Facility" has a seven-year maturity, an interest rate of Term SOFR plus 130 basis points, and quarterly repayments of $0.525 million, with a balloon payment of $30.3 million at maturity in 2033. The "Nissos Serifopoula Facility" has an eight-year maturity, the same interest rate, quarterly repayments of $0.525 million, and a balloon payment of $28.2 million at maturity in 2034.

chief financial officer Iraklis Sbarounis noted that these competitive financings, following a successful November equity raise, complete the funding for the Suezmaxes without tapping into OET's cash balance, thereby maintaining capacity for dividend distributions. Both transactions are expected to close in January 2026.