Okeanis Eco Tankers: Funding for newbuild VLCCs secured

Okeanis

Okeanis Eco Tankers has raised USD 45 million, to ensure its newbuilding program for four VLCCs at Hyundai Heavy is fully financed. The company raised $30m via a private placement, announced last week with the aim to raise $20m-$45m, and has also entered into a $15m revolving credit facility with an affiliate its largest shareholder and Alafouzos company, Glafki Marine Corp. Okeanis has now completed the financing required for all four VLCCs on order.

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