Oslo-listed Okeanis Eco Tankers is closing in on full funding for its VLCC orderbook.

The Alafouzos family-backed owner said it had sealed a facility with ABN Amro worth $59m to finance a third VLCC newbuilding under construction at Hyundai Heavy Industries.

The loan carries similar terms to those announced last month with Credit Suisse and BNP Paribas.

The company has now secured "competitive financing" for three of its four vessels on order at the Korean yard.