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Okeanis Eco Tankers Corp. ( (ECO) ) has issued an announcement.
Okeanis Eco Tankers Corp. has secured two $45 million bank facilities from Greek lenders to finance its newly acquired resale Suezmax newbuildings, Nissos Piperi and Nissos Serifopoula, which are under construction at Daehan Shipbuilding and scheduled for delivery in January 2026. The loans, priced at Term SOFR plus 130 basis points with seven- and eight-year maturities respectively, are secured by ship mortgages and guaranteed by the company, and are structured with relatively low amortization and large balloon payments to preserve liquidity and support dividend capacity; management says the highly competitive terms, underpinned by strong Greek banking relationships, should enhance the group’s capital structure, lower daily debt breakeven levels and allow the new vessels to contribute meaningfully to cash flow once they enter service in early 2026.
The most recent analyst rating on (ECO) stock is a Buy with a $44.00 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 that provides seaborne transportation of crude oil and refined products. Incorporated in 2018 in the Marshall Islands, the company is dual-listed in Oslo and New York and operates a modern fleet of scrubber-fitted Suezmax and VLCC tankers, focusing on efficient, environmentally conscious crude and product shipping.
Average Trading Volume: 230,446
Technical Sentiment Signal: Buy
Current Market Cap: $1.26B
For detailed information about ECO stock, go to TipRanks’ Stock Analysis page.