Okeanis Eco Tankers: Funding for newbuild VLCCs secured


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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