Okeanis Eco Tankers Corp
OSE:OET
Okeanis Eco Tankers Corp
Okeanis Eco Tankers Corp. is a holding company, which engages in the ownership and operation of commercial shipping vessels. The company is headquartered in Athina, Attiki. The company went IPO on 2018-07-04. The company is engaged in the operation of and investment in tanker vessels, with the ambition to own, charter out and operate tanker vessels. The firm owns, through its vessel-owning subsidiaries, the SPVs (special purpose vehicles), a fleet of seven tanker vessels and has eight tanker vessels on order.
Okeanis Eco Tankers Corp. is a holding company, which engages in the ownership and operation of commercial shipping vessels. The company is headquartered in Athina, Attiki. The company went IPO on 2018-07-04. The company is engaged in the operation of and investment in tanker vessels, with the ambition to own, charter out and operate tanker vessels. The firm owns, through its vessel-owning subsidiaries, the SPVs (special purpose vehicles), a fleet of seven tanker vessels and has eight tanker vessels on order.
Strong Results: Okeanis Eco Tankers delivered adjusted EBITDA of $45.2 million and adjusted net profit of $24.7 million in Q3 2025, with fleet-wide TCE at about $47,000 per day.
Dividend Policy: The Board declared a 14th consecutive dividend, distributing $0.75 per share, and returned 100% of Q3 reported EPS to shareholders.
Market Outperformance: VLCC and Suezmax earnings outperformed peers by 30% and 45% respectively, with high utilization and careful vessel positioning.
Q4 Bookings: Q4 is shaping up very strong, with 80% of VLCC spot days already fixed at $88,100 per day and 48% of Suezmax days at $60,800.
Fleet & Capital: The fleet remains modern and young, with refinancing efforts lowering debt margins and improving flexibility.
Positive Outlook: Management sees a tight tanker market driven by strong demand, sanctions reducing compliant fleet, and limited new vessel supply.
