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Okeanis Eco Tankers Corp. ( (ECO) ) has provided an update.
Okeanis Eco Tankers plans to acquire two Suezmax tanker newbuilding resales, each of about 157,000 dwt under construction at Daehan Shipbuilding in South Korea, for USD 99.3 million per vessel, with delivery expected in the second quarter of 2026. To partly fund these acquisitions, the company is launching an accelerated bookbuilt offering of new common shares aimed at raising around USD 115 million, with trading in Oslo temporarily halted during bookbuilding and existing shareholders not receiving preferential subscription rights, a structure the board argues reduces execution risk and allows faster, more flexible and potentially less dilutive capital raising to support its fleet expansion strategy.
The most recent analyst rating on (ECO) stock is a Buy with a $43.00 price target. To see the full list of analyst forecasts on Okeanis Eco Tankers Corp. stock, see the ECO Stock Forecast page.
More about Okeanis Eco Tankers Corp.
Okeanis Eco Tankers Corp. is a leading international tanker company specializing in seaborne transportation of crude oil and refined petroleum products, with shares listed on both the New York Stock Exchange and Euronext Oslo Børs. The company operates a modern fleet focused on larger crude carriers such as Suezmax vessels, targeting global energy shipping markets.
Average Trading Volume: 298,496
Technical Sentiment Signal: Buy
Current Market Cap: $1.4B
Find detailed analytics on ECO stock on TipRanks’ Stock Analysis page.