Okeanis Eco Tank (ECO) Stock News

Okeanis Eco Tankers (NYSE:ECO) announced that directors Robert Knapp and Joshua Nemser resigned effective October 10, 2025. The company said the resignations were not due to any disagreement with management.

The board has not decided whether to reduce its size or fill the vacancies; it continues to have a majority of independent directors. Committee composition is unchanged except the remuneration committee now lists Charlotte Stratos and Francis "Frank" Dunne. Chairman Ioannis Alafouzos thanked the departing directors for over seven years of service.

Okeanis Eco Tankers Corp. (NYSE: ECO) has announced its Q2 2025 dividend details. The company's shares will trade ex-dividend with a payment of USD 0.70 per common share. The ex-dividend date is set for August 21, 2025 on the Oslo Stock Exchange and August 22, 2025 on the New York Stock Exchange.

Okeanis Eco Tankers (NYSE:ECO) has declared a dividend of $0.70 per common share with payment scheduled for September 5, 2025. Due to different settlement periods between NYSE (T+1) and Oslo Stock Exchange (T+2), there are varying ex-dividend dates: August 21, 2025 for OSE and August 22, 2025 for NYSE.

For shareholders holding shares through Euronext VPS (Norway's central securities depository), dividend payments are expected around September 10, 2025 due to CSDR implementation. VPS-registered shareholders will receive their dividends in NOK rather than USD.

Okeanis Eco Tankers (NYSE:ECO) reported its Q2 2025 financial results, showing revenues of $93.9 million, down from $112.0 million in Q2 2024. The company posted a profit of $26.9 million ($0.84 per share), compared to $39.6 million ($1.23 per share) in the previous year.

Key operational metrics include a fleetwide daily TCE rate of $50,500 per operating day in Q2 2025, with VLCC and Suezmax TCE rates at $49,800 and $51,400 respectively. For Q3 2025 to date, 77% of VLCC spot days are booked at $44,200 per day, and 61% of Suezmax spot days at $34,200 per day.

The Board declared a dividend of $0.70 per share, payable on September 5, 2025, to shareholders of record as of August 22, 2025.

Okeanis Eco Tankers (NYSE:ECO) has scheduled its Q2 2025 financial results announcement for August 12, 2025, after NYSE market close. The company will host a webcast and conference call to discuss the results on August 13, 2025, at 14:30 CET.

Investors can access the presentation through a webcast link or join via telephone using international dial-in numbers for the USA, Norway, and other locations. The presentation materials will be available for download from the company's Investor Relations website before the event.

Okeanis Eco Tankers Corp. (NYSE:ECO/OSE:OET) has secured a new $65.0 million secured term loan facility to finance the buyback of the Nissos Kea vessel from its current sale and leaseback financier. The loan, arranged by E.SUN Commercial Bank, features a Term SOFR plus 135 basis points interest rate, seven-year maturity, and quarterly installments of $0.9 million with a $39.8 million balloon payment. This follows recent financing arrangements for Nissos Nikouria and Nissos Anafi, completing new loans for their three youngest VLCC vessels with maturities extending to 2032. The company has improved its capital structure by reducing debt service breakeven costs and expanding its financier relationships, with potential for further enhancement when refinancing opportunities arise for Nissos Rhenia and Nissos Despotiko in 2026.

Okeanis Eco Tankers Corp. (NYSE: ECO / OSE: OET) has announced that its shares will trade ex-dividend starting June 2, 2025, on the Oslo Stock Exchange and June 3, 2025, on the New York Stock Exchange. The dividend amount is set at USD 0.32 per common share, following the Q1 2025 dividend announcement made on May 14, 2025. This dividend declaration demonstrates the company's commitment to returning value to shareholders.

Okeanis Eco Tankers Corp. (NYSE:ECO / OSE:OET) held its 2025 Annual Meeting of Shareholders on May 30, 2025, where shareholders approved all agenda items. The meeting resulted in the election of eight directors to the board, including Ioannis Alafouzos as Chair, and the ratification of Deloitte Certified Public Accountants S.A. as independent auditors for FY2025. The Board approved committee expansions effective June 1, 2025, with Frank Dunne joining all standing committees. The updated committee structure includes the Audit Committee chaired by Charlotte Stratos, the Remuneration Committee also chaired by Stratos, and the Nominating/Corporate Governance Committee chaired by Petros Siakotos. All committee members meet independence requirements for both NYSE and Oslo Stock Exchange listings.

Okeanis Eco Tankers Corp. (NYSE: ECO / OSE: OET) has declared a quarterly dividend of $0.32 per common share. Due to different settlement periods between the New York Stock Exchange (T+1) and Oslo Stock Exchange (T+2), there are varying ex-dividend dates. For OSE, the last trading day including dividend rights is May 30, 2025, with an ex-date of June 2, 2025. For NYSE, the last day including dividend rights is June 2, 2025, with an ex-date of June 3, 2025.

The record date for both exchanges is June 3, 2025. While the general payment date is set for June 12, 2025, shareholders with shares registered in Euronext VPS will receive their dividend in NOK around June 17, 2025, due to the implementation of Central Securities Depository Regulation (CSDR) in Norway.

["Declared dividend of $0.32 per share indicates strong financial health and commitment to shareholder returns","Dual-listed status on NYSE and OSE provides increased liquidity and broader investor access"]