The third quarter 2025 revenues of the listed Okeanis Eco Tankers increased to 90.6 million dollars from 84.9 million in the corresponding quarter last year, while net profits “soared” to 24.1 million dollars from 14.5 million in 2024.
This increase reflects both the improved market conditions and the efficiency of OET’s modern fleet, which continued to achieve high TCE rates of 46,600 /day.
On a nine-month level, revenues were 264.7 million dollars, compared to 308.0 million dollars in the nine-month period of 2024, while profits amounted to 63.5 million dollars versus 95.7 million dollars in the corresponding period last year.
At the same time, the company kept operating expenses under control, with vessel operating expenses amounting to 11.7 million dollars, while the reduction in financial expenses – due to lower total borrowing – contributed to the enhancement of net profitability.
Simultaneously, OET announced a new dividend of 0.75 /share, confirming its commitment to returning value to its shareholders. The payment will be made on December 11, 2025 to
shareholders registered on December 2, 2025.
It is noted that the company’s fleet consists of 14 vessels with an average age of 6.1 years and a total capacity of approximately 3.5 million deadweight tons (six Suezmax vessels with an average age of 7 years and eight VLCC vessels with an average age of 5.4 years).
However, beyond the financial results, Okeanis Eco Tankers also impressively accelerated its strategic transition to a greener and more energy-efficient fleet.
The company’s 2024 ESG Report outlines a comprehensive investment strategy of tens of millions of dollars, aimed at reducing the environmental footprint and aligning with the stringent IMO targets.
Commenting on the relevant report, the CEO of Okeanis Aristidis Alafouzos, stated that 2024 was another year of steady performance in a context of increased geopolitical uncertainty and difficult market conditions.
“Global conflicts, changing regulatory requirements, and disruptions to key trade routes continued to test the shipping industry.
Nevertheless, our resilience, our disciplined strategy, and our consistent focus on sustainability allowed us to create value for our shareholders and stakeholders, while we continue to advance our long-term goals,” he added.
During 2024, OET completed the first five-year survey and dry-docking of six VLCCs, investing in advanced hull and propeller coatings that improve the vessels’ hydrodynamic performance and reduce fuel consumption and CO² emissions.
Simultaneously, the company is preparing new investments, including the installation of shaft generators, systems that generate electrical power through the propulsion shaft and reduce the use of auxiliary engines – a move that results in significant fuel savings and emission reductions.
The company’s overall ESG performance confirms its progress. Specifically, a 34% reduction in Scope 2 emissions was achieved within 2024, thanks to more efficient energy consumption on vessels and in offices, equipment with scrubbers and Ballast Water Treatment Systems on 100% of the fleet, ensuring full compliance with
international regulations and zero incidents of leaks or pollution, an element that enhances the reliability of the fleet and the company’s processes.
As highlighted, OET now possesses one of the youngest and most energy-efficient fleets internationally – with ECO design placing its Suezmax vessels in the top 14% and its VLCCs in the top 23% of the global market in terms of efficiency, while it is estimated that they consume up to 35% less fuel compared to conventional tankers.
