Okeanis Eco Tankers (OET) Sets Sail for Dual Listing on NYSE, Expanding Global Maritime Investment Horizons

Greek Maritime Giant OET Aims to Establish Itself as a Premier Crude Oil Tanker Investment Platform with Dual Listing Ambitions

Greek maritime company Okeanis Eco Tankers (OET) has set its sights on a significant development in the maritime sector by pursuing a dual listing that will see the company float not only in Oslo but also in New York. OET, which is owned by the Alafouzos family, has been listed in Oslo since 2018 and boasts an impressive fleet comprising six Suezmax tankers and eight Very Large Crude Carriers (VLCCs).

This strategic move to list on the New York Stock Exchange (NYSE) is expected to bring about a shift in Okeanis Eco Tankers’ listing status in Oslo, repositioning it as a secondary listing. Chief Executive Aristidis Alafouzos expressed his enthusiasm for this pivotal decision, remarking, “This marks a very important milestone in OET’s journey.” He went on to elaborate that the company believes that obtaining a listing on the NYSE will significantly expand its reach to potential investors and enhance its vision of becoming the preferred platform for investors globally seeking to invest in listed crude oil tankers.

Alafouzos further emphasized the objective of offering US investors access to their fleet, commercial performance, and a strong track record of delivering value to their shareholders. Additionally, the dual listing is expected to unlock enhanced trading liquidity for existing investors. OET aims to cultivate the same level of trust and reliability in the US market as it has successfully established within its listing in Oslo. This strategic move is not only expected to provide increased access to capital markets but also to solidify OET’s position within the maritime industry, while simultaneously opening doors for potential accretive transactions in the future.

The eagerly awaited trading debut in New York is scheduled to commence in December of this year. It’s noteworthy that no new OET securities will be issued in connection with the listing on the NYSE, as this dual listing primarily aims to broaden the company’s exposure to a wider pool of investors and enhance its position within the industry.

This momentous decision by Okeanis Eco Tankers represents a significant development in the maritime sector, underlining the company’s commitment to expanding its presence and offering global investors the opportunity to participate in the promising future of the crude oil tanker industry. With a fleet of Suezmaxes and VLCCs, OET is poised to make a substantial impact in the maritime and investment landscape as it embarks on this new journey.

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