Okeanis Eco Tankers Corp./Nkr OET

1D1W1MYTD1Y5YMAX

About Okeanis Eco Tankers Corp.

Okeanis Eco Tankers Corp. is a Greek-based shipping company primarily focused on the transportation of crude oil. The company operates a fleet of modern eco-designed tankers, emphasizing fuel efficiency and reduced environmental impact. Okeanis Eco Tankers owns and manages vessels that include VLCCs (Very Large Crude Carriers), Suezmaxes, and Aframaxes, catering to international oil and energy markets. Headquartered in Athens, Greece, the company strategically positions itself to leverage favorable global trade routes and regulatory trends towards greener shipping practices. Its commitment to modern and environmentally compliant vessels offers a competitive edge in the maritime transportation industry.
Ticker
Nkr OET
Sector
Energy
Primary listing
XOSL
Employees
14
Headquarters
Neo Faliro, Greece
Website
www.okeanisecotankers.com

OET Metrics

BasicAdvanced
kr 29B
6.94
kr 106.85
-0.01
kr 90.79
26.45%

Bulls say / Bears say

Okeanis delivered record Q2 results, with $318.9 million of revenue, $230.3 million of profit and a $5.25 per-share dividend. The dividend was about 90% of adjusted net income, giving shareholders direct exposure to exceptionally strong tanker earnings. (GlobeNewswire, The Motley Fool)
The company has completed its four-vessel acquisition programme, taking the fleet to 18 modern scrubber-fitted tankers with an average age of about 5.6 years. This gives Okeanis fuel-efficient ships and full fleet availability to capture strong freight rates. (The Motley Fool, GlobeNewswire)
Earnings visibility remained high entering Q3: 48% of VLCC spot days were fixed at about $206,600 per day, while 42% of Suezmax days were fixed at about $133,000. Okeanis also says refinancing has lowered average debt margins by more than 200 basis points, which should support cash generation. (GlobeNewswire, GlobeNewswire)
The tanker cycle is already showing signs of cooling in part of the fleet. Q3 Suezmax bookings were about 24% below Q2’s rate, and roughly 52% of total fleet days remained open, leaving profits highly exposed to later spot-rate movements. (TradingKey, GlobeNewswire)
Okeanis combines a high dividend payout with material financing needs. Net debt was reported at $722.5 million at the end of June, while the company expected to fund a further $79.4 million of vessel commitments through cash and borrowing, limiting its buffer if freight rates fall. (Quartr, GlobeNewswire)
Future fleet growth across the sector could weaken rates after the current disruption fades. Management acknowledged order books equal to about 32% of the existing VLCC fleet and 30% of the Suezmax fleet, with larger delivery volumes concentrated in 2028 and 2029. (The Motley Fool)
Data summarised monthly by Lightyear AI. Last updated on 22 Sept 2026.
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