Watson Farley & Williams (“WFW”) advised Okeanis Eco Tankers Corp. (“Okeanis”), as U.S. securities and Marshall Islands legal counsel, on its listing of common shares on the New York Stock Exchange (“NYSE”), including filing and having declared effective a registration statement with the U.S. Securities and Exchange Commission. In conjunction with its NYSE listing, Okeanis changed its listing status in Oslo from a primary listing to a secondary listing on the Oslo Stock Exchange, where its common shares will remain listed.
Okeanis is a leading international tanker company providing seaborne transportation of crude oil and refined products. The sailing fleet consists of six modern scrubber-fitted Suezmax tankers and eight modern scrubber-fitted VLCC tankers. The dual listing marks a significant milestone for Okeanis, as it further enhances the company’s access to the capital markets, provides U.S. investors access to their fleet and improves trading liquidity for existing investors.
The WFW New York Corporate team advising Okeanis was led by Partner Steven Hollander, supported by Counsel Todd Johnson and Associates Ioanna Pantelaki and Chloe Sucato.
Steve commented: “We are delighted to have assisted Okeanis on this key transaction, which represents an exciting milestone for the company.”
Okeanis CFO Iraklis Sbarounis added: “The NYSE listing marked a significant milestone in our journey since our IPO in 2018, as well as our long partnership with WFW which has now successfully expanded with its New York team. The WFW team, led by Steve, effectively performed within a tight timetable, and worked tirelessly and closely with us in every step of the way.”
