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IndustriShipping & Offshore
Okeanis Eco Tankers är verksamma inom sjöfart. Idag äger och förfogar bolaget över flera tankfartyg i olika storlekar, där transport huvudsakligen sker via VLCC samt Suezmax fartyg. Majoriteten av transporten består av olja och bolaget samarbetar även med andra aktörer inom branschen. Verksamhet innehas på global nivå.


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2020-12-17 07:00:00
(Greece, 17 December 2020)

Okeanis Eco Tankers Corp. ("OET") today announces preliminary guidance for the
three month period ended December 31, 2020, as well as commercial and
operational updates.


OET expects FY 2020 adjusted EBITDA in the range of USD 184-186m (4Q20 range of
USD 29-31m) and FY 2020 adjusted profit in the range of USD 105-107m (4Q20 range
of USD 10-12m). Additionally, OET estimates that it has recouped 64% of its
scrubber investment through year end 2020.

Commercial Update

OET announces the following short term time charters:
o Aframax/LR2 Nissos Heraclea for six to eleven months at a gross daily rate of
USD 19,000
o Suezmax Kimolos for three to six months at an initial gross daily rate of USD
20,000 rising to USD 23,000
o VLCC Nissos Kythnos for eleven months at a gross daily rate of USD 30,000

Operational Update

OET announces an amendment to its technical management agreement with Kyklades
Maritime Corporation that is due for renewal at the end of calendar year 2020.

Please refer to the attachment accompanying this press release for further

John Papaioannou, CFO
+30 210 480 4099


Okeanis Eco Tankers Corp. is a pure play eco and scrubber-fitted tanker company
that owns and operates a fleet of seventeen modern, high-specification crude oil
and products tankers in the VLCC, Suezmax and Aframax/LR2 segments.

Forward Looking Statements

Matters discussed in this release may contain certain forward-looking statements
relating to the business, financial performance and results of the Company
and/or the industry in which it operates, sometimes identified by the words
"believes", "expects", "intends", "plans", "estimates", "anticipates" and
similar expressions. The forward-looking statements contained in this release,
including assumptions, opinions and views of the Company or cited from
third-party sources, are solely opinions and forecasts that are subject to
risks, uncertainties and other factors that may cause actual events to differ
materially from any anticipated development. The Company does not provide any
assurance that that the assumptions underlying such forward-looking statements
are free from errors, nor does the Company accept any responsibility for the
future accuracy of the opinions expressed in the presentation or the actual
occurrence of the forecasted developments. No obligations are assumed to update
any forward-looking statements or to conform to these forward-looking statements
to actual results.