Okeanis ECO Tankers (ECO) reported Q2 2025 results today. This included
- $64M in TCE revenue
- $47.3M EBITDA
- Adjusted profit $26.7M
- Fleetwide TCE $50,500 daily (very nice for both vessel types, Suezmax > VLCC)
- Div 70c/sh
Company completed purchase options on three VLCCs (Q2 or Q3 event??). Vessels all in spot market in Q2 2025. Rates have eased in both categories in Q3 2025 (traditionally the weaker qtr for conventional tankers). Still, the Q2 numbers are very good.