Okeanis Eco Tankers projects $50,000 daily VLCC earnings

Okeanis Eco Tankers reported a significant 38% drop in fourth-quarter profits for 2024, with earnings falling to $13.2 million compared to $21.3 million in the previous year. The decline in revenue prompted the company's board to declare a dividend of $0.35 per common share, payable on March 17, 2025. Shareholders registered on the Oslo Stock Exchange will receive dividends in NOK, while those on the New York Stock Exchange will receive them in USD. The company is set to host a conference call to discuss these financial results and the impact of market conditions on their operations. The earnings call insights generated by AI highlight the importance of caution when interpreting the data without editorial oversight. Overall, Okeanis faces challenges amid tightened market conditions affecting the tanker industry.