Okeanis Eco Tankers Corp Reports First Quarter 2024 Financial Statements and Declares Dividend

Okeanis Eco Tankers Corp. (OET) has reported impressive financial results for the first quarter of 2024, showcasing strong performance in various key areas. The company’s unaudited condensed financial statements reveal a Time Charter Equivalent (TCE) revenue of $81.0 million and Adjusted EBITDA of $65.2 million. Additionally, OET reported Adjusted profit and Adjusted earnings per share of $39.6 million and $1.23 per basic & diluted share, respectively.

One of the highlights of the report is the fleetwide daily TCE rate of $63,600 per operating day, with VLCC and Suezmax TCE rates standing at $68,800 and $56,700 per operating day, respectively. The daily vessel operating expenses were reported at $9,208 per calendar day, including management fees.

Looking ahead to the second quarter of 2024, OET has already booked 82% of available VLCC spot days at an average TCE rate of $75,900 per day and 57% of available Suezmax spot days at an average TCE rate of $60,800 per day. The company also distributed a dividend of $1.10 per common share to shareholders, with the cash payment classified as a return of paid-in capital.

Investors and stakeholders can access a presentation related to OET’s results on their website. Furthermore, the company will be hosting a conference call and webcast on May 16, 2024, to discuss the Q1 2024 results. Participants can join the webcast using the provided link and dial-in details.

Okeanis Eco Tankers Corp. is a leading international tanker company that provides seaborne transportation of crude oil and refined products. With a fleet consisting of modern scrubber-fitted Suezmax and VLCC tankers, OET continues to demonstrate strong financial performance and operational excellence in the maritime industry.

For more information about Okeanis Eco Tankers Corp. and to access the full financial report, visit their website.