Okeanis Eco Tankers Corp.
OKENF
Other OTC27.21
USD
+3.11
- -
Okeanis Eco Tankers Corp.
OKENF
(Other OTC)
Recent
price
27.21
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Okeanis Eco Tankers Corp. is a maritime shipping company specializing in the ownership and operation of eco-friendly commercial tanker vessels primarily engaged in the transportation of crude oil, refined oil products, and other liquid bulk products. The company’s fleet includes modern Very Large Crude Carriers (VLCCs), Suezmax, and Aframax tankers designed to meet ECO standards, featuring fuel-efficient technologies, exhaust gas cleaning systems (scrubbers), and compliance with ballast water treatment regulations. Founded in 2018 and headquartered in Piraeus, Greece, Okeanis operates globally, serving key markets such as Singapore, the United Kingdom, Hong Kong, Switzerland, Turkey, Brazil, and the United States. In recent major developments, Okeanis Eco Tankers completed a share offering in late 2025, raising approximately USD 115 million through the issuance of over 3.2 million new common shares. The net proceeds are earmarked as partial consideration for acquiring two newbuilding Suezmax tankers under construction by Daehan Shipbuilding Co., Ltd. in South Korea, each valued at USD 97 million with expected delivery in January 2026. This strategic acquisition is part of the company’s ongoing fleet expansion and modernization efforts to strengthen its presence in the global crude oil tanker market while maintaining a focus on environmental sustainability. Additionally, Okeanis published its 2024 Environmental, Social and Governance (ESG) Report aligned with GRI 2021 Standards and SASB guidance, reinforcing its commitment to responsible maritime operations. Okeanis Eco Tankers’ business model centers on operating a fleet equipped for spot market charters, leveraging its modern and environmentally compliant vessels to capitalize on a robust demand environment for crude oil transportation. The company emphasizes operational excellence, sustainability, and technological innovation in managing its assets, maintaining a competitive edge within the energy and transportation sector. The firm remains focused on expanding its fleet, seeking strategic acquisitions and capital market activities to support its growth while adhering to evolving regulatory requirements and environmental standards.
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