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Okeanis Eco Tankers Corp. (NYSE:ECO) Q1 2024 Earnings Call Transcript

Okeanis Eco Tankers Corp. (NYSE:ECO) Q1 2024 Earnings Call Transcript
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WEBINAR INVITATION | Okeanis Eco Tankers, Corp. (NYSE: ECO) (OSLO: OET) Live Investor Webinar on Friday, February 2, 2024 at 9:00 am ET

WEBINAR INVITATION | Okeanis Eco Tankers, Corp. (NYSE: ECO) (OSLO: OET) Live Investor Webinar on Friday, February 2, 2024 at 9:00 am ET
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Okeanis Eco Tankers Files for Direct Listing on NYSE

Okeanis Eco Tankers Files for Direct Listing on NYSE
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Oil Tanker Rates Bubbling Up As Russia Disrupts Trade

(Bloomberg) –Benchmark oil tanker earnings topped $50,000 a day for the first time in more than two years as Russia’s invasion of Ukraine upends global crude flows. Rates for giant. ....

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Oil Tanker Market Facing Rougher Seas

Oil Tanker Market Facing Rougher Seas
Maritime Activity Reports, Inc.
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A plunge in the volume of crude oil stored on ships combined with unexpected cuts from top producer Saudi Arabia have created a glut of vessels available for hire, pressuring the outlook for supertankers this year.
Earnings for very large crude carriers (VLCCs) in 2020 reached record highs of more than $240,000 a day as the coronavirus battered demand, creating an oil surplus and a scramble for storage on land and sea. Rates have since dropped to $7,000 a day.
“Right now, it is really as bad as it gets for the VLCC market. Floating storage has more or less unwound and the return of that tonnage to the spot market has pressured rates,” Aristidis Alafouzos, chief operating officer of Okeanis Eco Tankers, told Reuters. ....

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