Alafouzos OET seals Greek bank financing deals for suezmax pair newbuilds

Greek company Okeanis Eco Tankers Corp., led by Ioannis A. Alafouzos, clinched new bank lending for the financing of two resale newbuilding suezmaxes.

The Oslo-and-New York listed company sealed two separate facility agreements of $45m each with “prominent” Greek banks it did not identify.

In a filling, the shipowner announced entering into two new facility agreements for the financing of the recently acquired newbuilding suezmax vessels, each under construction at Daehan Shipbuilding, to be named Nissos Piperi and Nissos Serifopoula respectively, with expected deliveries in January 2026.

The Alafouzos-led firm said it sealed a $45m deal on Dec. 19 to finance a portion of the acquisition price of the suezmax Nissos Piperi, with a Greek bank. The facility contains an interest rate of Term SOFR plus 130 basis points, matures in seven years, and will be repaid in quarterly installments of $0.525m, together with a balloon installment of $30.3m at maturity.