Okeanis Eco Tankers Corp.
OET.OL
Oslo Stock Exchange529.00
NOK
-14.00
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Okeanis Eco Tankers Corp.
OET.OL
(Oslo Stock Exchange)
Recent
price
529.00
P/E
ratio
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div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Okeanis Eco Tankers Corp is a Greece-based international shipping company specializing in the ownership, chartering, and operation of tanker vessels engaged in the seaborne transportation of crude oil and refined oil products. The company owns and operates a fleet of 14 modern eco-friendly tanker vessels, comprising six scrubber-fitted Suezmax tankers and eight scrubber-fitted Very Large Crude Carriers (VLCCs). These vessels are designed to comply with stringent environmental standards, including the use of exhaust gas cleaning systems and ballast water treatment technologies, underscoring the company’s dedication to operational and environmental excellence. Founded in 2018 and headquartered in Piraeus, Greece, Okeanis Eco Tankers operates globally, serving major oil markets through an international network covering regions including the United States, Europe, Asia, and South America. In recent major developments, Okeanis Eco Tankers completed a substantial equity offering in November 2025, raising approximately USD 115 million through the issuance of over 3.2 million common shares. The net proceeds are allocated primarily for acquiring two newbuilding Suezmax vessels valued at approximately USD 97 million each, with deliveries scheduled for January 2026. This strategic fleet expansion reflects the company’s ongoing commitment to growing its fleet capacity and enhancing its market position. Additionally, the company published its 2024 Environmental, Social, and Governance (ESG) Report, its fourth consecutive report, adhering to GRI 2021 Standards and SASB guidelines for Marine Transportation, highlighting its focus on sustainability and regulatory compliance. Financially, for the nine months ending September 2025, Okeanis reported revenue of USD 264.7 million, net profit of USD 63.5 million, and adjusted earnings per share of USD 1.97, with a stable EBITDA margin supported by favorable charter rates and a disciplined cost structure. Okeanis Eco Tankers operates primarily in the energy and transportation sector, targeting global oil producers, traders, and refiners that require reliable and environmentally sustainable tanker solutions. The company maintains a competitive advantage with one of the youngest and most eco-efficient fleets in the crude oil tanker industry. Its business segments encompass vessel ownership, technical management, operational chartering, maintenance, and ancillary shipping services, including insurance consulting. The company is publicly traded on Oslo Børs under the ticker OET and on the New York Stock Exchange under the ticker ECO. Its presence in multiple strategic maritime hubs and continuous investments in fuel-efficient technologies position Okeanis Eco Tankers as a key player in the global tanker shipping market.