Okeanis Eco Tankers Corp. (Marshall Islands)

The Company is an international tanker company in the crude oil shipping industry, with the ambition to own, charter out and operate tanker vessels. OET owns, through its vessel-owning subsidiaries, the SPVs, a fleet of fourteen tanker vessels. The sailing fleet currently consists of six modern Suezmax and eight modern VLCC tankers. Among the factors that are believed to separate OET from other tanker owners are: a) its focus on “future proof” vessels built to ECO standards that consume less bunker fuel than conventional tanker vessels; b) being equipped with exhaust gas cleaning systems (“scrubbers”) and; c) being built to comply with regulations for ballast water treatment.
Chartering Strategy
We will trade our vessels primarily in the spot market in the coming years. Our strategy is driven both by our view of a strong tanker market, as well as a desire to capture the full benefit of lower fuel oil costs afforded to us by our eco, scrubber-equipped fleet. In view of the anticipated tanker market over the mid-term, we have positioned our vessels in the spot market, representing about 80 of our available vessel capacity. Our focus is on monitoring the market, executing our chartering strategy, and fully capturing the fuel savings we expect our fleet to generate.
Monetization Strategy
We are committed to crystallizing value for our shareholders via a clear monetization strategy: selling vessels at an opportune time in the cycle and implementing a full dividend payout policy
History:
2018 :
The Company was founded on April 30, 2018 as a corporation under the laws of the Republic of the Marshall Islands.
On June 28, 2018, all of the shares in fifteen single-purpose companies (“SPVs”) and OET Chartering Inc., were transferred to OET from Okeanis Marine Holding (“OMH”), a holding company controlled by the Alafouzos family. Control was established from the time the Company had the power to govern the financial and operating policies of the contributed SPVs, so as to accrue benefits from their activities.
The Company was admitted to trading on Merkur Market on July 3, 2018

2019: On March 8, 2019, it was admitted for trading on the Oslo Axess (currently named Euronext Expand).
2021: On January 2021, it transferred its listing from Euronext Expand to Oslo Bors.
2023: On December 11, 2023, the Company's common shares began primarily trading on the New York Stock Exchange (“NYSE”), simultaneously with their trading on the Oslo Bors, that is currently considered as the Company's secondary listing.