Okeanis Eco Tankers Corp. broadcasts that it has taken supply of the VLCC NISSOS KEA (the “Vessel”). The Vessel was delivered from Hyundai Heavy Industries in South Korea and is the primary of two beneath development, Gasoline Prepared (MEc), ECO-design, open loop scrubber-fitted 300,000 DWT VLCC crude tanker vessels that the Firm acquired (the “Transaction”) within the second half of 2021, pursuant to the press launch disclosed on 29 June 2021. The money consideration for the Transaction was financed by means of proceeds of a brand new sale and lease again settlement (the “Facility”) with CMB Monetary Leasing Co., Ltd. (“CMBFL”), with a gross finance quantity of roughly $145.5m. The Facility is repaid quarterly, amortizes over a 20-year profile, matures in 7 years from drawdown and is priced at extraordinarily aggressive phrases. In line with the settlement, the Firm has a name choice at every anniversary date. OET has already drawn $72.75m from the Facility because it pertains to the supply of the Vessel. The Firm expects to take supply of the second vessel NISSOS NIKOURIA on the finish of Might 2022 when it should additionally draw the second tranche of the Facility.
OET is a global tanker firm within the crude oil delivery trade, with the ambition to personal, constitution out and function gas environment friendly tanker vessels. The Firm was integrated on April 30, 2018 beneath the legal guidelines of the Republic of the Marshall Islands and is listed on Oslo Børs beneath the image OET. The crusing fleet consists of six fashionable scrubber-fitted Suezmax tankers, seven fashionable scrubber-fitted VLCC tankers, whereas the newbuilding fleet consists of 1 VLCC tanker.
Supply: Okeanis Eco Tankers Corp.