Announced 11/08
Okeanis ECO Tankers (ECO) released results including
- Rev of $84.9M
- Profit of $14.6M
- Both items lower than comparable qtr last year.
- Fleetwide avg daily TCE of $43,900
- Declared Q3 div of 45c/sh
ECO did provide the vessel category TCE rates.
For Q3 2024, Suezmax rates > VLCC rates
For Q4 2024, VLCC rates > Suezmax rates (qtr-to-date)
In prior quarters, ECO vessels earned significantly more that tanker peers by vessel category. I think, in Q3 2024, their tanker peers may come closer to matching them. Possibly, even exceeding them in individual vessel size averages. I just perused DHT (who also reported today) and their spot trading VLCC avg was $43,700 daily vs ECO’s VLCC avg of $43,100