Okeanis report Q1 2025

Industry Discussions Shipping News
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05/15
Okeanis Eco Tankers (ECO) reported their Q1 2025 results, including

  • Rev of $48.6M (major drop from same Q last year)
  • EBITDA of $32.5M
  • Adj Profit of $11.4M
  • Declared div of 32c/sh

While still profitable, the market is very different from Q1 last year. On a revenue basis, there was 40% lower, EBITDA 50% lower, Adj profit 71% lower. The smaller Okeanis vessels, their Suezmax are performing better on a TCE basis.

Clumsy exit in the name earlier this year.

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