OB:OETOil and Gas
Is Okeanis Eco Tankers (OB:OET) Equity-Funded Fleet Expansion Redefining Its Capital Allocation Playbook?
Earlier in January 2026, Okeanis Eco Tankers Corp. completed a follow-on registered direct equity offering of 3,611,111 common shares at US$36.00 each, raising roughly US$130 million with the new shares trading on the NYSE and transferable to Euronext Oslo Børs.
The company plans to use the equity proceeds as part of the funding for two Suezmax tankers under construction in South Korea, underscoring an expansion of its modern crude tanker fleet.
We’ll now examine how using fresh equity to...