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Okeanis Eco Tankers Corp. – Commercial Update

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ATHENS, Greece, Jan. 20, 2026 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (the “Company” or “OET” ...

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AI Summary

Okeanis Eco Tankers estimates a Daily TCE Rate of $75,400 for Q4 2025, with $106,700 achieved for Q1 2026 bookings. The positive trend and new vessel deliveries could enhance revenue and stock performance.

Sentiment Rationale

Rising Daily TCE Rates indicate strong demand and revenue potential, historically leading to stock price increases.

Trading Thesis

ECO is a buy in the short term as charter rates increase.

Market-Moving

  • Increased Daily TCE Rates could significantly boost revenue.
  • Successful delivery of new vessels enhances fleet capacity.
  • Positive charter trends indicate strong demand in the shipping sector.
  • Upcoming quarterly results announcement may drive stock volatility.

Key Facts

  • Okeanis anticipates Daily TCE Rate of $75,400 for Q4 2025.
  • Q1 2026 has 26% booking at $106,700 Daily TCE Rate.
  • VLCC vessels project Daily TCE Rate of $91,300 for Q4 2025.
  • Suezmax vessels estimate Daily TCE Rate of $50,800 for Q4 2025.
  • Two new Suezmax vessels were successfully delivered in January 2026.

Companies Mentioned

  • Okeanis Eco Tankers Corp (ECO): Enhancements in TCE Rates support optimistic future outlook.

Corporate Developments

This falls under 'Corporate Developments' as it outlines key operational updates that impact the company's revenue-generating capacity and market positioning.

Okeanis Eco Tankers Corp. Reports Strong Forecast for Daily TCE Rates

Published on: January 20, 2026 | Source: GlobeNewsWire

Company Overview

Okeanis Eco Tankers Corp. (NYSE: ECO / OSE: OET), based in Athens, Greece, has announced a significant commercial update regarding its fleet's operational performance. This update provides insight into anticipated Daily Time Charter Equivalent Rates (Daily TCE Rates) for the fourth quarter of 2025 and the first quarter of 2026.

Daily TCE Rate Projections

As of this release, Okeanis projects the following Daily TCE Rates for its fleet:

  • Fleetwide for Q4 2025: Approximately $75,400 per operating day.
  • Q1 2026 (thus far): 26% of available fleetwide spot days booked at an average Daily TCE Rate of $106,700.
  • VLCC Vessels for Q4 2025: An estimated Daily TCE Rate of $91,300.
  • VLCC Q1 2026 (thus far): 37% of available days booked at an average Daily TCE Rate of $110,100.
  • Suezmax Vessels for Q4 2025: An estimated Daily TCE Rate of $50,800.
  • Suezmax Q1 2026 (thus far): 16% of available days booked at an average Daily TCE Rate of $98,500.

These figures are derived from calculations that adhere to International Financial Reporting Standards (IFRS).

Recent Fleet Developments

In a related update, Okeanis confirmed the successful addition of two new Suezmax vessels to its fleet:

  • Nissos Piperi: Delivered on January 8, 2026.
  • Nissos Serifopoula: Delivered on January 14, 2026.

Both vessels were constructed at Daehan Shipbuilding Co., Ltd.

Understanding Daily TCE Rate Calculations

The Daily TCE Rate is a critical metric in the shipping industry, reflecting a vessel's average daily revenue performance. It is calculated by:

  • Deducting commissions and voyage expenses from total revenues.
  • Dividing the result by the number of operating days.

This measure helps compare different types of vessel employment and evaluate financial performance. Management believes that analyzing Daily TCE rates alongside standard revenue metrics provides valuable insights for investment decisions.

Upcoming Financial Announcements

Okeanis plans to release its financial results for the fourth quarter of 2025 on February 18, 2026. The results will be subject to approval by the Company's Board of Directors. Stakeholders should note that the information provided in this update is forward-looking and may change based on the ongoing financial statement closing process.

Contact Information

For further inquiries, please contact:

Iraklis Sbarounis, CFO
Phone: +30 210 480 4200
Email: ir@okeanis.com

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