Oslo-listed Okeanis Eco Tankers has succeeded in raising another $45m to fund VLCC newbuildings.
It said a private placement and a revolving credit facility (RCF) from its biggest shareholder, the Alafouzos family, will be sufficient to meet the target.
The tanker owner had launched a private share placement worth between $20m and $45m, backed by the investor loan of up to $25m and commitments from other shareholders to buy stock.