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Okeanis Eco Tankers Corp. (NYSE:ECO / OSE:OET) reported its unaudited financial statements for Q1 2024. The company achieved TCE revenue of $81.0 million and Adjusted EBITDA of $65.2 million. Adjusted profits were $39.6 million, with earnings per share at $1.23. The fleetwide daily TCE rate was $63,600, with VLCC and Suezmax rates at $68,800 and $56,700, respectively. Daily vessel operating expenses averaged $9,208 per calendar day.
For Q2 2024, 82% of VLCC spot days were booked at $75,900 per day, and 57% of Suezmax days were booked at $60,800. The company declared a Q1 dividend of $1.10 per share, payable on June 20, 2024, to shareholders of record as of June 5, 2024. The dividend will be classified as a return of paid-in capital. More details are available on the company's website.
Okeanis Eco Tankers Corp. (NYSE:ECO) will release its unaudited financial results for Q1 2024 on May 16, 2024. The company will host a webcast and teleconference at 13:30 CET to discuss the results. Participants can join the webcast through a provided link or via international conference call. Presentation materials for the event will be available on the company's investor relations website before the webcast. CFO Iraklis Sbarounis and Capital Link's President Nicolas Bornozis are the designated contacts for further inquiries.
Okeanis Eco Tankers Corp. announced its Annual Meeting of Shareholders on May 31, 2024, to elect directors and appoint an independent registered public accounting firm. John Kittmer will not seek re-election, and Mr. Francis Dunne will potentially fill the vacancy. The Company's executive management team remains unchanged. Mr. Dunne brings over 40 years of legal experience in maritime law, adding value to the board. The Company expressed gratitude for Mr. Kittmer's service and looks forward to continued success.
Okeanis Eco Tankers Corp. announced the availability of its 2023 Annual Report on Form 20-F. The report can be downloaded from the SEC's website or the Company's website. Hard copies are available upon request.
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