Okeanis Eco Tankers has taken down its debt costs by striking a refinancing deal for one VLCC and rejigging a loan secured by another.
The transactions come just a year after the New York and Oslo-listed tanker owner refinanced the 319,000-dwt Nissos Kythnos and 318,700-dwt Nissos Donoussa (both built 2019).
Chief financial officer Iraklis Sbarounis said the two deals chop its debt pricing by 100 basis points on the ships, for an interest rate reduction of one percentage point, and they continue a 10-month drive to tackle the company’s finance costs.
