Okeanis Eco Tankers (ECO) Company Report

Okeanis Eco Tankers Corp. successfully completed an offering of 3,239,436 new common shares at a price of USD 35.50 per Offer Share, raising approximately USD 115 million in gross proceeds.
The newly issued shares became available for trading on the New York Stock Exchange on or around November 21, 2025.
These new shares are entitled to receive the previously announced cash dividend of USD 0.75 per common share, which will increase the total dividend amount paid by the company.
Following the issuance, Okeanis Eco Tankers Corp. has 36,129,436 common shares issued, with 35,433,544 common shares outstanding.

Nov 21, 2025, 11:00 AM

6-K

Okeanis Eco Tankers Corp. Completes $115 Million Share Offering

ECO

New Projects/Investments

M&A

Okeanis Eco Tankers Corp. (ECO) has completed and priced an offering of new common shares, raising $115 million.
The net proceeds from the offering are intended to partly finance the acquisition of two Suezmax tanker newbuilding resales at $97 million per vessel, with delivery expected in January 2026, and for general corporate purposes.
Fearnley Securities AS and Clarksons Securities AS served as the financial advisors (Managers) for the offering.
The company will pay the placement agents an aggregate cash fee of 3.25% of the gross proceeds, along with a discretionary amount of up to 0.25%.
The closing of the registered direct offering is expected to occur on or about November 21, 2025.

Nov 20, 2025, 11:30 AM

6-K

Okeanis Eco Tankers Corp. announces trading suspension on Euronext Oslo Børs

ECO

Delisting/Listing Issues

Okeanis Eco Tankers Corp. (OET) announced a contemplated offering of new common shares.
A trading halt will be imposed on the company's common shares on Euronext Oslo Børs on November 19, 2025, from opening of trade until 13:00 CET.
The purpose of the trading halt is to facilitate an efficient bookbuilding process for the offering.
A separate announcement regarding the bookbuilding process for the offering is expected later today.

Nov 19, 2025, 12:59 PM

6-K

Okeanis Eco Tankers Corp. Announces Vessel Acquisitions and Contemplated Share Offering

ECO

New Projects/Investments

Equity Offering

Okeanis Eco Tankers Corp. (OET) has entered into agreements to acquire two newbuilding Suezmax vessels for an acquisition price of USD 97 million each, with delivery expected in January 2026.
The company is contemplating an offering of new common shares to raise gross proceeds of approximately USD 100 million, which is expected to partly finance the vessel acquisitions.
The bookbuilding period for the offering commenced on November 18, 2025, at 22:00 CET and is expected to close on November 19, 2025, at 11:00 CET, during which a trading halt will be imposed on the company's shares on Euronext Oslo Børs.
Offer Shares issued in this offering will be entitled to receive the previously announced cash dividend of USD 0.75 per common share if issued prior to the December 2, 2025, record date.

Nov 18, 2025, 9:34 PM

6-K

Okeanis Eco Tankers Reports Strong Q3 2025 Results and Declares Dividend

ECO

Earnings

Dividends

Guidance Update

Okeanis Eco Tankers (ECO) reported strong financial results for Q3 2025, with adjusted EBITDA of $45.2 million, adjusted net profit of $24.7 million, and adjusted EPS of $0.77. The board declared a dividend of $0.75 per share, representing 100% of reported EPS for the quarter.
For Q4 2025, 80% of VLCC spot days are fixed at $88,100 per day and 48% of Suezmax days at $60,800 per day, resulting in a fleet-wide average of $80,700 per day on the fixed portion. The company anticipates a strong winter and Q1, with crude tanker utilization currently at 93% and expected to reach 95%-96% in Q1.
The company operates a young fleet of 14 vessels (eight VLCCs and six Suezmaxes) with an average age of six years, all of which are scrubber-fitted and eco-designed. Recent refinancing efforts have improved the margin by 125 basis points across the entire fleet since 2023, translating to an $8 million annual benefit.

Nov 13, 2025, 12:30 PM

Transcript

Okeanis Eco Tankers Reports Strong Q3 2025 Results and High Q4 Bookings

ECO

Earnings

Dividends

Guidance Update

Okeanis Eco Tankers reported strong Q3 2025 financial results, with an Adjusted EBITDA of $45.2 million and Adjusted Net Profit of $24.7 million, leading to an Adjusted EPS of $0.77.
The company declared a $0.75 per share dividend, representing 100% of reported EPS for the quarter, marking its 14th consecutive distribution.
Looking ahead to Q4 2025, 80% of VLCC spot days are fixed at $88,100 per day, and 48% of Suezmax days at $60,800 per day, resulting in a fleet-wide average of $80,700 per day for the fixed portion.
Okeanis Eco Tankers continues to improve its capital structure, having refinanced 12 vessels since 2023, improving the margin by 155 basis points and yielding an $8 million annual benefit.
The company maintains a young, fully eco, and 100% scrubber-fitted fleet of 14 vessels (6 Suezmaxes, 8 VLCCs) with an average age of six years, positioning it to outperform in a tight crude tanker market with 93% utilization.

Nov 13, 2025, 12:30 PM

Transcript

Okeanis Eco Tankers Corp. Declares Q3 2025 Dividend

ECO

Dividends

Okeanis Eco Tankers Corp. (OET) has declared a Q3 2025 dividend of USD 0.75 per common share, approved by the Board on November 12, 2025.
The ex-dividend date for the Oslo Stock Exchange (OSE) is December 1, 2025, and for the New York Stock Exchange (NYSE) is December 2, 2025, due to different trade settlement periods.
The record date for both OSE and NYSE is December 2, 2025.
The payment date for the dividend is December 11, 2025, with Euronext VPS shareholders expected to receive payment on or about December 16, 2025.

Nov 12, 2025, 9:31 PM

6-K

Okeanis Eco Tankers Corp. Reports Q3 2025 Financial Results and Declares Dividend

ECO

Earnings

Dividends

Okeanis Eco Tankers Corp. (ECO) reported revenues of $90.6 million and a profit of $24.1 million for the third quarter ended September 30, 2025, with earnings per share of $0.75.
The company declared a dividend of $0.75 per common share for Q3 2025, with the cash payment scheduled for December 11, 2025.
As of September 30, 2025, cash (including restricted cash) was $58.2 million , and total debt stood at $616.6 million.
The fleetwide daily Time Charter Equivalent (TCE) rate was $46,600 per operating day in Q3 2025.