Okeanis Eco Tankers (ECO) announced their Q3 2025 results on 11/13/25. This included
- Rev of $90.6M
- EBITDA of $44.9M
- Net Profit of $24.1M
- Declared Q3 2025 div of 75c/sh
- Fleet avg TCE of $46,600 daily, with Suezmax avg > VLCC avg
Q4 2025-to-date fleet avg of > $80,000 daily. Fleet is 100% spot and ECO mgmt have suggested it will remain that way unless the TC rate improves a lot. These folks seem to understand the tanker market. I say this because one of ECO mgmt team pointed out Q3 2025 results were nice given Q3 is traditionally a weak qtr in the annual cycle