Company Overview - Okeanis Eco Tankers Corp. operates the most modern fleet in the tanker industry, consisting of 8 VLCCs (Very Large Crude Carriers) and 6 Suezmax tankers [1] Investment Opportunity - The company is positioned to benefit from potential trade disruptions and sanctions, making it an attractive investment option in the current market environment [1]

Financial Data and Key Metrics Changes - In Q4 2024, the fleet-wide time charter equivalent (TCE) was approximately $39,000 per vessel per day, with VLCCs at $38,500 and Suezmax at $39,500 [4][5] - Adjusted EBITDA for Q4 was $37 million, with an adjusted net profit of $13 million and adjusted earnings per share of $0.41 [5] - For the full year 2024, TCE revenues grew to $262 million, with daily fleet-wide TCE of $53,000, EBITDA of approximately $204 million, and net income just shy of $109 million or $3.38 per share [7][8] Business Line Data and Key Metrics Changes - The Suezmax segment outperformed VLCCs in Q4, achieving a fleet-wide TCE rate of $39,000 per operating day for Q4 and $52,900 per operating day for the full year 2024 [18] - Utilization rates stood at 98% in Q4 and 97% for the full year, indicating efficient vessel deployment [18] Market Data and Key Metrics Changes - The crude tanker market is experiencing a structural supply imbalance, with over 700 VLCCs and Suezmaxes expected to be over 20 years old by 2028, while only around 200 vessels are scheduled for delivery [25] - The expanded sanctions framework now includes almost 10% of both VLCC and Suezmax fleets, further constraining fleet expansion [26] Company Strategy and Development Direction - The company aims to capitalize on supply constraints with its modern fleet and eco-friendly positioning, which allows it to consistently outperform the market [23][27] - Fleet triangulation remains a priority to maximize laden legs and optimize vessel deployment [20] Management Comments on Operating Environment and Future Outlook - Management noted that Q4 ended weakly due to crude market conditions, but Q1 of 2025 began positively with improved market rates following expanded sanctions [15][19] - The company expects further upside potential for ton-mile demand due to ongoing OPEC+ production policies and new U.S. sanctions on Russia and Iran [21][22] Other Important Information - The company declared an 11th consecutive dividend distribution of $0.35 per share, totaling $3 per share over the last four quarters, representing 89% of earnings for the year [5][6] - The company has successfully improved its margins by 130 basis points across 12 vessels, with interest expenses showing material improvement in Q4 [11][12] Q&A Session Summary Question: What are the positive pressures on Suezmax capacity going forward? - Management indicated that further sanctioning of the Russian trading fleet will tighten Suezmax supply, and the aging profile of the fleet adds to this pressure [36][38] Question: What is driving rate momentum into the second quarter? - Management explained that fixtures fixed after January 15 have improved significantly, and the impact of Q4 fixtures may carry into Q1 and Q2 due to the nature of voyage planning [42][46] Question: Is the Suezmax currently cleaned and how easy is it to switch back to clean trade? - Management confirmed that one Suezmax is currently cleaned, and while switching back to clean trade is possible, the cleaning process remains similar in time and cost [51][54] Question: How would reopening the Red Sea transit impact the Suezmax and VLCC markets? - Management believes reopening the Red Sea would positively impact Suezmax markets by restoring trade routes that had been priced out, while the impact on VLCCs would be less significant [62][65] Question: What is the outlook for VLCC and Suezmax valuations? - Management expressed confidence in VLCC values remaining firm due to a limited pool of sellers, while Suezmax values may face some downside due to a larger order book [70][71]

Q4 2O24 EARNINGS PRESENTATION February 20, 2025 Disclaimer The financial information and data contained in this Presentation is unaudited. This communication includes certain numerical measures (including estimated financial information and presented as pro-forma financial measures) that are not derived in accordance with generally accepted accounting principles ("GAAP"), and which may be deemed to be non-GAAP financial measures within the meaning of Regulation G promulgated by the U.S. Securities & Exchang ...

Okeanis Eco Tankers Corp. Reports Financial Results for the Fourth Quarter and Twelve-Month Period of 2024 ATHENS, GREECE, February 19, 2025 – Okeanis Eco Tankers Corp. (together with its subsidiaries, unless context otherwise dictates, "OET" or the "Company") (NYSE: ECO, OSE: OET) today reported its unaudited condensed financial results for the fourth quarter and twelve-month period of 2024, which are attached to this press release. Financial performance of the Fourth Quarter Ended December 31, 2024 Financ ...

ATHENS, Greece, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. ("OET" or the "Company") (NYSE:ECO), announced today that the Company's board of directors (the "Board") has declared a dividend on its common shares (the "Dividend"). Due to implementation of the Central Securities Depository Regulation ("CSDR") in Norway, shareholders who hold shares registered in Euronext Securities Oslo, the central securities depository in Norway ("VPS") should please note the information on the payment date to ...

ATHENS, Greece, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (together with its subsidiaries, unless context otherwise dictates, “OET” or the “Company”) (NYSE: ECO, OSE: OET) today reported its unaudited condensed financial results for the fourth quarter and twelve-month period of 2024, which are attached to this press release. Financial performance of the Fourth Quarter Ended December 31, 2024 •Revenues of $85.2 million in Q4 2024, compared to $91.7 million in Q4 2023. •Profit of $13.2 mill ...

ATHENS, Greece, Feb. 13, 2025 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (the “Company” or “OET”) (NYSE:ECO / OSE:OET), will report unaudited condensed results for the fourth quarter and twelve-month period ended December 31, 2024, after market close on the NYSE, on Wednesday, February 19, 2025, and a webcast/teleconference will be held at 14:30 CET, on Thursday, February 20, 2025. Participants may access the webcast using the following link: https://events.q4inc.com/attendee/655744857 Or via conference ...

ATHENS, Greece, Dec. 20, 2024 (GLOBE NEWSWIRE) -- Financial calendar for Okeanis Eco Tankers Corp. (NYSE:ECO / OSE:OET) FINANCIAL YEAR 2024 31.03.2025 - Annual Report 19.02.2025 - Quarterly Report - Q4 FINANCIAL YEAR 2025 12.08.2025 - Half-yearly Report30.05.2025 - Annual General Meeting 14.05.2025 - Quarterly Report - Q112.11.2025 - Quarterly Report - Q3 All quarterly financial results will be released after market close on the New York Stock Exchange (NYSE) on the respective dates. Contacts Company:Irakli ...

I am a voracious reader and self-taught investor. In the past, I was an accountant in the maritime industry. Now, I am a happy retiree passionate about writing and financial markets. As the kids are grown up, I have time to pursue my endeavors: growing my portfolio and developing my writing skills. You will find enticing investment ideas in KD Research that are not limited by region or sector. However, all of them share a few common things: • They are overlooked. • They offer asymmetric risk rewards. • They ...

Okeanis Eco Tankers (NYSE: ECO ) is, fair to say, a successful player in the crude tanker market. The company owns a fleet of 14 vessels, consisting of six Suezmax vessels with an average age of 6 years and eight VLCCI am a financial writer with a degree in Finance. In my five-year career, I have worked with two financial companies. I keep a close eye on Energy, Banking, and Tech stocks. My main focus is fundamental analysis and looking at the long-term position of a stock instead of short-term analysis. Th ...