Welcome to our dedicated page for Okeanis Eco Tank news (Ticker: eco), a resource for investors and traders seeking the latest updates and insights on Okeanis Eco Tank stock.
Okeanis Eco Tankers Corp. (NYSE:ECO / OSE:OET) is a Greece-based company specializing in the ownership, chartering, and operation of tanker vessels for the seaborne transportation of crude oil and refined petroleum products. Established in 2018 under the laws of the Republic of the Marshall Islands, the company has rapidly positioned itself as a key player in the maritime energy logistics sector, leveraging its modern fleet to meet the evolving demands of global energy markets.
Core Operations
At the heart of Okeanis Eco Tankers' business model is the ownership and operation of a fleet of tanker vessels. These vessels are primarily used to transport crude oil and refined products across international waters, serving a critical role in the global energy supply chain. The company generates revenue by chartering its vessels to oil producers, refiners, and traders, either through spot market contracts or long-term agreements. This dual approach allows Okeanis to balance revenue stability with market-driven opportunities.
Fleet Composition and Technology
Okeanis Eco Tankers operates a fleet of high-capacity, modern vessels, including six Suezmax tankers and eight Very Large Crude Carriers (VLCCs). These vessels are equipped with advanced scrubber technology, enabling compliance with stringent International Maritime Organization (IMO) regulations on sulfur emissions. The focus on modern, environmentally compliant vessels underscores the company's commitment to operational efficiency and sustainability in a highly regulated industry.
Market Context and Competitive Position
The company operates within the global maritime transportation industry, a sector heavily influenced by oil demand, freight rates, and geopolitical factors. Okeanis Eco Tankers differentiates itself through its state-of-the-art fleet, which offers competitive advantages in fuel efficiency and environmental compliance. This positions the company to attract environmentally conscious charterers and capitalize on regulatory shifts favoring modern vessels. Key competitors include other tanker operators with similar fleet compositions, but Okeanis' focus on scrubber-fitted vessels provides a niche advantage.
Operational Challenges and Industry Dynamics
Like all players in the tanker industry, Okeanis faces challenges such as fluctuating oil demand, volatile freight rates, and the high costs associated with vessel maintenance and operation. Additionally, the company must navigate complex regulatory environments while ensuring the safety and efficiency of its fleet. Despite these challenges, Okeanis' strategic investments in modern vessels and its operational expertise position it to adapt to market dynamics effectively.
Significance in the Industry
Okeanis Eco Tankers plays a vital role in the global energy supply chain, ensuring the efficient and reliable transportation of crude oil and refined products. Its modern fleet and focus on environmental compliance make it a significant player in a sector undergoing rapid transformation due to regulatory and market pressures. By aligning its operations with industry trends, the company continues to provide value to its customers and stakeholders.
Okeanis Eco Tankers Corp. (NYSE: ECO / OSE: OET) has declared a quarterly dividend of USD 0.35 per common share. Due to different settlement periods between NYSE (T+1) and Oslo Stock Exchange (T+2), there will be different ex-dividend dates for the two exchanges.
Key dates include: Last trading day with dividend rights on OSE: February 27, 2025; on NYSE: February 28, 2025. Ex-dividend date for OSE: February 28, 2025; for NYSE: March 3, 2025. Record date for both exchanges: March 3, 2025. Payment date is set for March 17, 2025, with VPS shareholders expected to receive payment around March 20, 2025 due to CSDR implementation in Norway.
Okeanis Eco Tankers Corp. (NYSE: ECO, OSE: OET) has announced its unaudited financial results for Q4 and full-year 2024. The company's board has declared a dividend of $0.35 per common share, payable on March 17, 2025, to shareholders of record as of March 3, 2025.
The shares will trade ex-dividend on NYSE from March 3, 2025, and on Oslo Børs from February 28, 2025. Due to CSDR implementation in Norway, dividends for Euronext VPS shareholders are expected to be distributed around March 20, 2025.
The company will host a conference call and webcast on February 20, 2025, at 14:30 CET to discuss the results.
Okeanis Eco Tankers (NYSE:ECO / OSE:OET) has announced it will release its unaudited Q4 and full-year 2024 financial results after NYSE market close on Wednesday, February 19, 2025. The company will host a conference call and webcast to discuss the results on Thursday, February 20, 2025, at 14:30 CET.
Investors can access the webcast through a provided link or join via telephone using international dial-in numbers for the USA, Norway, and other locations. The presentation materials will be available for download from the company's Investor Relations website before the event.
Okeanis Eco Tankers Corp. (NYSE:ECO / OSE:OET) has announced its financial calendar for 2024 and 2025. The company will release its Annual Report on March 31, 2025, and Q4 2024 results on February 19, 2025. For 2025, key dates include the Half-yearly Report on August 12, Annual General Meeting on May 30, Q1 results on May 14, and Q3 results on November 12. All quarterly financial results will be released after NYSE market close on their respective dates.
Okeanis Eco Tankers Corp. (NYSE: ECO / OSE: OET) has released its third Environmental, Social and Governance (ESG) Report for 2023. The report follows the standards set by the Global Reporting Initiative (GRI 2021) and the Sustainability Accounting Standards Board (SASB) for Marine Transportation. Stakeholders can access the complete 2023 ESG Report through the company's website under the sustainability section.
Okeanis Eco Tankers Corp. (NYSE:ECO / OSE:OET) has announced it will release its unaudited interim condensed results for the third quarter and nine-month period ended September 30, 2024, on Friday, November 8, 2024. The company will host a webcast/teleconference at 14:30 CET. Participants can join via weblink or conference call using international dial-in numbers. The presentation materials will be available for download from the company's Investor Relations website before the event.
Okeanis Eco Tankers Corp. (NYSE: ECO / OSE: OET) has announced a Q2 2024 dividend of USD 1.10 per common share. The company's shares will trade ex-dividend on the Oslo Stock Exchange from August 20, 2024, and on the New York Stock Exchange from August 21, 2024. This information follows the key Q2 2024 dividend announcement made on August 9, 2024. Shareholders should take note of these important dates to ensure they are eligible for the dividend payment.
Okeanis Eco Tankers Corp. (NYSE: ECO / OSE: OET) has declared a Q2 2024 dividend of USD 1.10 per common share, classified as a return of capital. Due to the implementation of CSDR in Norway and different settlement periods between NYSE (T+1) and OSE (T+2), there are varying ex-dividend dates:
- Last day including right: OSE - August 19, 2024; NYSE - August 20, 2024
- Ex-date: OSE - August 20, 2024; NYSE - August 21, 2024
- Record date for both exchanges: August 21, 2024
- Payment date: September 5, 2024 (VPS shareholders expected around September 10, 2024)
Dividends for VPS-registered shares will be distributed in NOK. Shareholders are advised to contact their financial institutions for details on dividend crediting.
Okeanis Eco Tankers Corp. (NYSE: ECO, OSE: OET) has released its unaudited financial results for Q2 and H1 2024. Key highlights include:
- Q2 2024 revenues of $112.0 million, down from $119.8 million in Q2 2023
- Q2 2024 profit of $39.6 million, compared to $52.9 million in Q2 2023
- Earnings per share of $1.23 in Q2 2024, down from $1.64 in Q2 2023
- Cash position of $98.1 million as of June 30, 2024
- Fleetwide daily TCE rate of $64,900 per operating day in Q2 2024
- Declaration of Q2 2024 dividend of $1.10 per common share
The company's performance shows a slight decline compared to the same period last year, but maintains strong profitability and cash position.
Okeanis Eco Tankers Corp. (NYSE:ECO / OSE:OET) has announced its upcoming Q2 2024 results conference call and webcast, scheduled for August 9, 2024, at 14:30 CET. The company will report unaudited interim condensed results for the second quarter and first half year ended June 30, 2024. Participants can join via webcast or conference call, with dial-in details provided for international access, USA, and Norway. The presentation material will be available for download from the company's Investor Relations section prior to the event. For further information, investors can contact CFO Iraklis Sbarounis or reach out to Capital Link for investor relations and media inquiries.
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