Watson Farley & Williams (“WFW”) advised Okeanis Eco Tankers Corp. (“Okeanis”) on its successful offering of approximately 3.6 million new shares of common stock, raising around US$130m.
The proceeds will be used as partial consideration for the acquisition of two newbuild Suezmax vessels from Korea’s Daehan Shipbuilding Co., which are expected to be delivered in Q2 2026.
This follows Okeanis’ previous share offering in November 2025, on which WFW also advised, which raised US$115m to finance the purchase of two Suezmax newbuild vessels, built at the same shipyard. Those vessels were delivered earlier this month.
Athens-headquartered Okeanis is an international tanker company active in the crude oil and shipping sectors. It owns, charters out and manages a fleet of modern tanker vessels.
The WFW New York Maritime team that advised Okeanis was led by Capital Markets Partners Steven Hollander and Filana Silberberg, who were supported by Counsel Todd Johnson, Senior Associates Haris Kazantzis and Ioanna Pantelaki, and Associates Lucie Couillard Sosa and Chloe Sucato.
Steven commented: “We are pleased to have advised Okeanis on another successful offering, which hopefully will play a key role in financing the acquisition of two additional Suezmax newbuilds. This transaction further underscores the company’s strong market position and its commitment to maintaining a high‑performing, future‑ready fleet.”
Filana added: “Completing two substantial offerings in close sequence reflects Okeanis’ effective capital-raising strategy and commitment to progressing its fleet expansion. We’re delighted to have advised on this most recent step forward.”
