Company Description
Okeanis Eco Tankers Corp. owns and operates tanker vessels used for seaborne transportation of crude oil and refined products. The company is an international tanker owner incorporated under the laws of the Republic of the Marshall Islands and associated with operating offices in Greece. Its common shares trade on the New York Stock Exchange under the symbol ECO and on the Oslo Stock Exchange under the symbol OET.
The company’s sailing fleet consists of modern scrubber-fitted Suezmax tankers and modern scrubber-fitted very large crude carriers, or VLCCs. Company materials identify eight Suezmax tankers and eight VLCC tankers in the sailing fleet. These vessel classes serve long-haul liquid cargo transportation markets, with Suezmax ships carrying large crude oil cargoes on routes suited to their size and VLCCs serving very large crude oil movements across major international trade lanes.
Fleet and operating model
Okeanis Eco Tankers generates revenue from the commercial operation of its tanker fleet. Its business is tied to vessel employment, tanker rates, operating days, vessel operating expenses, fuel and regulatory costs, and the availability of its ships for spot or contracted voyages. Company disclosures also use time charter equivalent revenue and daily vessel operating expense metrics to describe tanker economics, although these measures can vary by period and market condition.
The company reports its revenue through a single crude oil tanker segment. Its releases describe the broader cargo service as seaborne transportation of crude oil and refined products. The fleet is designed around eco-efficiency standards, including reduced fuel consumption features, exhaust gas cleaning systems and ballast water treatment systems. The scrubber-fitted specification is a recurring fleet attribute in the company’s public materials.
Public-company structure
Okeanis Eco Tankers was incorporated on April 30, 2018. As a foreign private issuer with listings in both the United States and Norway, the company communicates with shareholders through financial results releases, Form 20-F annual reporting, Form 6-K current reports, annual meeting materials, dividend notices and capital-structure disclosures. Its common shares are connected with both U.S. and Norwegian market infrastructure, including disclosure of settlement and record-date mechanics when dividends are declared.
The company’s recurring public-company topics include quarterly and annual financial performance, tanker market metrics, fleet utilization, dividend declarations, ex-dividend dates, shareholder voting matters, auditor ratification, director elections, registration statements and changes in issued common shares. These disclosures reflect the economics of a focused tanker owner: asset utilization, operating costs, debt and equity capital, vessel-market exposure, cash distributions and governance for a dual-listed issuer.
Stock Performance
Okeanis Eco Tank (ECO) stock last traded at $56.65, down 2.46% from the previous close. Over the past 12 months, the stock has gained 133.3%, ranking #105 in 52-week price change. At a market capitalization of $2.2B, ECO is classified as a mid-cap stock with approximately 39.0M shares outstanding.
ECO Rankings
Latest News
Okeanis Eco Tank has 10 recent news articles, with the latest published 4 days ago. Of the recent coverage, 8 articles coincided with positive price movement and 2 with negative movement. Key topics include earnings, dividends, offering. View all ECO news →
SEC Filings
Okeanis Eco Tank has filed 5 recent SEC filings, including 3 Form 6-K, 1 Form 3, 1 Form 20-F. The most recent filing was submitted on May 8, 2026. SEC filings provide transparency into a company's financial condition, material events, and regulatory compliance. View all ECO SEC filings →
Financial Highlights
Okeanis Eco Tank generated $391.5M in revenue over the trailing twelve months, and net income was $123.0M, reflecting a 31.4% net profit margin. The company generated $111.3M in operating cash flow. With a current ratio of 1.50, the company maintains adequate short-term liquidity.
Upcoming Events
Q1 2026 results release
Q1 FY2026 results release
Investor webcast
Annual General Meeting
Annual Meeting of Shareholders
Half-yearly report
Q3 FY2026 results release
Okeanis Eco Tank has 7 upcoming scheduled events. The next event, "Q1 2026 results release", is scheduled for May 13, 2026 (today). Investors can track these dates to stay informed about potential catalysts that may affect the ECO stock price.
Short Interest History
Short interest in Okeanis Eco Tank (ECO) currently stands at 78.7 thousand shares, down 44.0% from the previous reporting period, representing 0.4% of the float. Over the past 12 months, short interest has decreased by 67.9%. This relatively low short interest suggests limited bearish sentiment.
Days to Cover History
Days to cover for Okeanis Eco Tank (ECO) currently stands at 1.0 days. This low days-to-cover ratio indicates high liquidity, allowing short sellers to quickly exit positions if needed. The days to cover has decreased 45.7% over the past year, suggesting improved liquidity for short covering. The ratio has shown significant volatility over the period, ranging from 1.0 to 3.5 days.
ECO Company Profile & Sector Positioning
Okeanis Eco Tank (ECO) operates in the Marine Shipping industry within the broader Industrials sector and is listed on the NYSE. Among dividend-paying stocks, ECO ranks #112 by dividend yield. In monthly performance, the stock ranks #1,185 among all tracked companies.
Investors comparing ECO often look at related companies in the same sector, including Sfl Corporation Ltd (SFL), Genco Shipping & Trading Ltd (GNK), Global Ship Lease Inc (GSL), Navios (NMM), and Capital Clean Energy Carriers Corp (CCEC). Comparing financial metrics, valuation ratios, and stock performance across these peers can help investors evaluate ECO's relative position within its industry.