Okeanis Eco Tankers Corp. – New Shares Issued and Trading Commences

Okeanis Eco Tankers Secures $130 Million in Equity Offering, Expanding Fleet Ambitions

**ATHENS, Greece – January 23, 2026** – Okeanis Eco Tankers Corp. (NYSE: ECO), a prominent international tanker company, has successfully priced an offering of 3,611,111 new common shares at $36.00 per share, grossing approximately $130 million. This capital infusion is earmarked to fuel the company’s ongoing fleet expansion and modernization initiatives, a strategic move in a dynamic global shipping market.

The newly issued shares are expected to commence trading on the New York Stock Exchange (NYSE) on or around January 23, 2026. For enhanced liquidity and broader market access, these shares will also be transferable from The Depository Trust Company (DTC) to Euronext Securities Oslo (VPS) for trading on Euronext Oslo Børs, facilitated by customary transfer arrangements.

Following this issuance, Okeanis Eco Tankers reports a total of 39,740,547 common shares issued, with 39,044,655 shares outstanding and 695,892 shares held in treasury. Each common share carries a par value of $0.001.

The offering was conducted under an SEC Form F-3 shelf registration statement, initially declared effective on May 21, 2025. A final prospectus supplement, detailing the specifics of this offering, was filed with the SEC on January 21, 2026, underscoring the company’s adherence to robust regulatory disclosure protocols.

**Strategic Implications and Market Context**

This significant equity raise positions Okeanis Eco Tankers to further its strategic objectives in the tanker sector. The company’s fleet, comprising modern Suezmax and VLCC tankers equipped with scrubbers, is designed to meet evolving environmental standards and optimize operational efficiency. The capital raised will likely support the acquisition of new vessels or the upgrading of existing ones, crucial for maintaining a competitive edge in an industry sensitive to both geopolitical shifts and global trade flows.

The tanker market, while cyclical, is currently influenced by factors such as global energy demand, refinery capacity, and geopolitical stability. Companies like Okeanis Eco Tankers that can secure capital for fleet renewal and expansion are well-placed to capitalize on favorable market conditions, such as sustained charter rates or increased demand for specific vessel classes.

The decision to offer shares on the NYSE, alongside its existing listing on Euronext Oslo Børs, demonstrates a clear strategy to broaden its investor base and enhance its profile within the global financial community. The dual listing also offers flexibility in accessing capital markets, catering to a wider spectrum of institutional and retail investors.

While the issuance increases the total share count, potentially leading to a dilutive effect on existing shareholders, the market appears to be factoring in the positive implications for future growth and operational capacity. The company’s recent performance, including strong fourth-quarter 2025 time charter equivalent (TCE) earnings and robust bookings for early 2026, suggests a positive operational trajectory. However, historical data indicates that the stock has sometimes experienced modest declines following significant disclosures or capital-raising activities, suggesting investors are closely monitoring the balance between fleet expansion, share count, and future earnings performance.

The offering was managed by Fearnley Securities AS and Clarksons Securities AS as joint global coordinators and joint bookrunners, with Pareto Securities AS acting as a joint bookrunner. This syndicate of experienced financial advisors highlights the strategic importance and execution of this capital raise.

**About Okeanis Eco Tankers Corp.**

Okeanis Eco Tankers Corp. is a leading international tanker company engaged in the seaborne transportation of crude oil and refined products. Incorporated in the Marshall Islands, the company is listed on both the Oslo Stock Exchange (OET) and the New York Stock Exchange (ECO). Its fleet consists of eight modern Suezmax tankers and eight modern VLCC tankers, all fitted with scrubbers.

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This announcement contains forward-looking statements, reflecting the Company’s current expectations and forecasts of future events. These statements are subject to risks and uncertainties, and actual results could differ materially. Investors are advised to review the Company’s filings with the SEC for a comprehensive understanding of potential risks and factors that may affect future performance.