Okeanis Eco Tankers Corp. completed an equity raise of 3,611,111 new shares, generating gross proceeds of approximately USD 130 million. The offering shares were issued on a delivery versus payment basis through DTC, with settlement expected on or about January 23, 2026. Allocation notifications were sent on January 21, and shares will commence trading on the NYSE upon settlement, with the option for holders to transfer into the Euronext Securities Oslo system thereafter. The proceeds strengthen the company’s liquidity position and provide capacity for near-term growth initiatives.

Net proceeds from the equity offering will be applied as partial funding toward the purchase of two sister Suezmax newbuildings at Daehan Shipbuilding Co., Ltd. Each vessel carries a contract price of USD 99.3 million and is scheduled for delivery in Q2 2026, subject to customary closing conditions and the arrangement of complementary debt financing. The transactions are independent—completion of one does not depend on the other—and if either does not close, unused funds will support general corporate purposes.

In Q4 2025, the fleet achieved an estimated fleetwide Daily Time Charter Equivalent (TCE) rate of USD 75,400 per operating day, reflecting robust spot market fundamentals. For Q1 2026 to date, 26% of available spot days are booked at an average TCE of USD 106,700. VLCCs delivered an estimated USD 91,300 in Q4 and, with 37% of days booked in Q1, average USD 110,100. Suezmaxes delivered USD 50,800 in Q4 and, with 16% of days booked in Q1, average USD 98,500. These non-IFRS metrics underline OET’s ability to capture upside in the current freight cycle.