ECO on NYSE
Okeanis Eco Tankers Corp.
We are Okeanis Eco Tankers Corp., an international shipping company incorporated under the laws of the Republic of the Marshall Islands, pursuant to the BCA, on April 30, 2018.4 From its latest annual report
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Last updated Oct 19, 2026.
Overview
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- TickerECO on NYSE1
- IndustryDeep Sea Foreign Transportation of Freight1
- Headquarters1T1
- Incorporated inMarshall Islands3
- Business addressEthnarchou Makariou Av, & 2 D. Falireos, C/O Oet Chartering Inc., N. Faliro, J3 185 473
- Filer categoryAccelerated filer, Emerging growth company3
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We are Okeanis Eco Tankers Corp., an international shipping company incorporated under the laws of the Republic of the Marshall Islands, pursuant to the BCA, on April 30, 2018. The legislation under which Okeanis Eco Tankers Corp. operates is the BCA, and its registered agent and registered address in the Marshall Islands is The Trust Company of the Marshall Islands, Inc., Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands, MH 96960. Our executive offices are currently located at c/o OET Chartering Inc., Ethnarchou Makariou Ave. & 2 D. Falireos St., 185 47 N. Faliro, Greece and our telephone number at that address is +30 210 480 4200. Our website is www.okeanisecotankers.com. The Commission maintains a website that contains reports, proxy and information statements, and other information that we and other issuers file electronically at www.sec…4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Voyage Charter brought in 98% of the revenue Okeanis Eco Tankers Corp. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Voyage Charter | $373.7M | $374.6M | $384.0M |
| Time charters | $39.4M | $18.6M | $7.6M |
Regions
Europe brought in 63% of the revenue Okeanis Eco Tankers Corp. broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| Europe | $167.0M | $172.5M | $246.8M |
| Asia | $156.7M | $162.1M | $110.9M |
| North America | $48.8M | $38.0M | $24.2M |
| South America | $40.5M | $19.2M | $9.6M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs58¢$226.4M
- Interest11¢$42.2M
- Profit31¢$123.0M
Out of $391.5M in revenue.2
Where each dollar of operating cash went, fiscal 2025
- Dividends paid64¢$70.7M
- Kept or used elsewhere36¢$40.6M
Out of $111.3M of cash from operations.2
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenue | $391.5M | $393.2M | $413.1M |
| Commissions | -$4.3M | -$4.0M | -$5.8M |
| Voyage expenses | -$121.9M | -$127.2M | -$109.6M |
| Vessel operating expenses | -$45.2M | -$42.4M | -$41.7M |
| Management fees - related party | -$4.6M | -$4.6M | -$4.6M |
| Depreciation and amortization | -$41.4M | -$41.1M | -$40.4M |
| General and administrative expenses (including $4,995,071, $4,810,180 and $3,588,185, respectively, to related party) | -$11.6M | -$10.9M | -$9.9M |
| Total operating expenses | -$229.0M | -$230.3M | -$212.0M |
| Operating profit | $162.5M | $162.9M | $201.1M |
| Interest income | $2.2M | $3.4M | $4.1M |
| Interest expense and other finance costs (including nil, $413,952 and $1,198,168, respectively, to related parties) | -$44.2M | -$57.1M | -$61.2M |
| Unrealized gain/ (loss), net on derivatives | $1.7M | -$291.9K | $229.4K |
| Realized gain/ (loss), net on derivatives | $1.3M | -$1.3M | $300.3K |
| Gain from modification of loans | $1.8M | ||
| Loss on debt extinguishment | -$1.4M | ||
| Foreign exchange gain/ (loss) | $872.5K | -$746.6K | $673.0K |
| Total other expenses | -$39.6M | -$54.1M | -$55.9M |
| Profit for the year | $123.0M | $108.9M | $145.3M |
| Re-measurement of post-employment benefit obligations | $1.0K | -$6.0K | -$1.3K |
| Total comprehensive income for the year | $123.0M | $108.9M | $145.2M |
| Earnings per share - basic | $3.77 | $3.38 | $4.51 |
| Earnings per share - diluted | $3.77 | $3.38 | $4.51 |
| Weighted average no. of shares - basic | 32.6M shares | 32.2M shares | 32.2M shares |
| Weighted average no. of shares - diluted | 32.6M shares | 32.2M shares | 32.2M shares |
| General and administrative expenses to related party | $5.0M | $4.8M | $3.6M |
| Interest expense and other finance costs to related parties | $0 | $414.0K | $1.2M |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Vessels, net | $922.1M | $958.6M | ||
| Advances for acquisition of vessels | $38.9M | |||
| Other fixed assets | $58.3K | $80.2K | ||
| Derivative financial instruments | $120.6K | |||
| Restricted cash | $4.5M | $4.5M | ||
| Total non-current assets | $965.7M | $963.2M | ||
| Inventories | $17.3M | $24.3M | ||
| Trade and other receivables | $85.1M | $39.8M | ||
| Claims receivable | $320.1K | $242.6K | ||
| Prepaid expenses and other current assets | $6.5M | $4.8M | ||
| Current accounts due from related parties | $6.3M | |||
| Derivative financial instruments | $1.5M | |||
| Current portion of restricted cash | $1.4M | $434.9K | ||
| Cash & cash equivalents | $116.6M | $49.3M | $50.0M | $81.3M |
| Total current assets | $234.9M | $118.9M | ||
| TOTAL ASSETS | $1.2B | $1.1B | ||
| Share capital | $36.1K | $32.9K | ||
| Additional paid-in capital | $124.9M | $14.5M | ||
| Treasury shares | -$4.6M | -$4.6M | ||
| Other reserves | -$34.9K | -$35.9K | ||
| Retained earnings | $452.8M | $400.5M | ||
| Total shareholders' equity | $573.1M | $410.4M | $408.1M | $422.2M |
| Long-term borrowings, net of current portion | $470.6M | $599.0M | ||
| Retirement benefit obligations | $61.6K | $44.8K | ||
| Total non-current liabilities | $470.6M | $599.0M | ||
| Trade payables | $13.7M | $19.5M | ||
| Accrued expenses and other current liabilities | $8.6M | $5.9M | ||
| Derivative financial instruments | $62.5K | |||
| Current accounts due to related parties | $530.0K | |||
| Current portion of long-term borrowings | $134.5M | $46.7M | ||
| Total current liabilities | $156.9M | $72.7M | ||
| TOTAL LIABILITIES | $627.6M | $671.7M | ||
| TOTAL SHAREHOLDERS' EQUITY & LIABILITIES | $1.2B | $1.1B |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Vessels, net | $922.1M | $958.6M | ||
| Advances for acquisition of vessels | $38.9M | |||
| Other fixed assets | $58.3K | $80.2K | ||
| Derivative financial instruments | $120.6K | |||
| Restricted cash | $4.5M | $4.5M | ||
| Total non-current assets | $965.7M | $963.2M | ||
| Inventories | $17.3M | $24.3M | ||
| Trade and other receivables | $85.1M | $39.8M | ||
| Claims receivable | $320.1K | $242.6K | ||
| Prepaid expenses and other current assets | $6.5M | $4.8M | ||
| Current accounts due from related parties | $6.3M | |||
| Derivative financial instruments | $1.5M | |||
| Current portion of restricted cash | $1.4M | $434.9K | ||
| Cash & cash equivalents | $116.6M | $49.3M | $50.0M | $81.3M |
| Total current assets | $234.9M | $118.9M | ||
| TOTAL ASSETS | $1.2B | $1.1B | ||
| Share capital | $36.1K | $32.9K | ||
| Additional paid-in capital | $124.9M | $14.5M | ||
| Treasury shares | -$4.6M | -$4.6M | ||
| Other reserves | -$34.9K | -$35.9K | ||
| Retained earnings | $452.8M | $400.5M | ||
| Total shareholders' equity | $573.1M | $410.4M | $408.1M | $422.2M |
| Long-term borrowings, net of current portion | $470.6M | $599.0M | ||
| Retirement benefit obligations | $61.6K | $44.8K | ||
| Total non-current liabilities | $470.6M | $599.0M | ||
| Trade payables | $13.7M | $19.5M | ||
| Accrued expenses and other current liabilities | $8.6M | $5.9M | ||
| Derivative financial instruments | $62.5K | |||
| Current accounts due to related parties | $530.0K | |||
| Current portion of long-term borrowings | $134.5M | $46.7M | ||
| Total current liabilities | $156.9M | $72.7M | ||
| TOTAL LIABILITIES | $627.6M | $671.7M | ||
| TOTAL SHAREHOLDERS' EQUITY & LIABILITIES | $1.2B | $1.1B |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Profit for the year | $123.0M | $108.9M | $145.3M |
| Depreciation and amortization | $41.4M | $41.1M | $40.4M |
| Interest expense | $42.2M | $53.6M | $58.7M |
| Amortization of loan financing fees and modification gain | $1.2M | $2.3M | $2.0M |
| Unrealized (gain)/ loss, net on derivatives | -$1.7M | $291.9K | -$20.1K |
| Interest income | -$2.2M | -$3.4M | -$4.1M |
| Other non-cash items | $1.0K | -$6.0K | -$43.3K |
| Loss on debt extinguishment | $1.4M | ||
| Gain from modification of loans | -$1.8M | ||
| Unrealized foreign exchange (gain)/ loss | -$1.8M | $907.1K | -$712.8K |
| Total reconciliation adjustments | $80.5M | $92.9M | $96.2M |
| Trade and other receivables | -$45.3M | $17.7M | -$5.9M |
| Prepaid expenses and other current assets and non - current assets | -$1.7M | -$1.9M | -$824.7K |
| Inventories | $7.1M | $1.0M | -$8.3M |
| Trade payables | -$6.0M | -$4.5M | $11.0M |
| Accrued expenses and other current liabilities | $2.8M | $2.4M | -$530.6K |
| Deferred revenue | -$4.3M | ||
| Claims receivable | -$77.5K | -$127.0K | -$7.1K |
| Due to related parties | -$530.0K | -$129.9K | $660.0K |
| Due from related parties | -$6.3M | $449.6K | |
| Total changes in working capital | -$50.0M | $14.5M | -$7.7M |
| Interest paid | -$42.2M | -$53.4M | -$59.6M |
| Net cash provided by operating activities | $111.3M | $162.8M | $174.0M |
| Decrease in restricted cash | $1.4M | $2.0M | |
| Increase in restricted cash | -$964.3K | -$1.5M | |
| Payments for special survey and drydocking costs | -$3.4M | -$11.2M | -$3.3M |
| Payments for vessels and advances for acquisition of vessels | -$40.2M | ||
| Interest received | $2.2M | $3.3M | $2.2M |
| Net cash (used in)/ provided by investing activities | -$42.4M | -$7.9M | $960.6K |
| Proceeds from long-term borrowings | $195.0M | $199.3M | $197.0M |
| Repayments of long-term borrowings | -$236.9M | -$246.1M | -$243.4M |
| Capital distribution | -$106.6M | -$159.4M | |
| Dividends paid | -$70.7M | ||
| Payment of long-term borrowing fees | -$1.3M | -$1.3M | -$1.4M |
| Net proceeds from common share issuance | $110.4M | ||
| Net cash used in financing activities | -$3.4M | -$154.7M | -$207.1M |
| Effects of exchange rate changes of cash held in foreign currency | $1.9M | -$847.2K | $719.8K |
| Net change in cash and cash equivalents | $65.4M | $198.5K | -$32.1M |
| Capital expenditures included in trade payables | $2.0M | $1.2M | $803.8K |
No quarter-by-quarter statement was filed.
Leadership
Who has led Okeanis Eco Tankers Corp., and when. Pick a name to see everywhere that person has worked.
Board members and other officers (8)
- Chief Commercial OfficerChristopher Vangeli Papaioannou Mar 18, 2026 to now7
- OfficerIraklis Sbarounis Mar 18, 2026 to now8
- Board memberDaniel Allen Gold Mar 18, 2026 to now9
- Board memberDimitrios Papalexopoulos Mar 18, 2026 to now10
- Board memberIoannis Alafouzos Mar 18, 2026 to now11
- Board memberJoshua Arthur Nemser Mar 18, 2026 to now12
- Board memberPetros Siakotos-Konstantinidis Mar 18, 2026 to now13
- Board memberRobert C. Knapp Mar 18, 2026 to now14
Filings
135 filings to the SEC since October 2021: 3 annual reports, 14 insider forms, 4 large holders, 114 other. The latest 20:
- Aug 17, 20264 EDGAR
- Aug 17, 20264 EDGAR
- Aug 17, 20266-K EDGAR
- Aug 13, 20266-K EDGAR
- Aug 4, 20266-K EDGAR
- Aug 4, 20266-K EDGAR
- Aug 4, 20266-K EDGAR
- Jul 30, 20266-K EDGAR
- Jul 30, 20266-K EDGAR
- May 29, 20266-K EDGAR
- May 27, 20266-K EDGAR
- May 13, 20266-K EDGAR
- May 13, 20266-K EDGAR
- May 8, 20266-K EDGAR
- May 4, 20266-K EDGAR
- Apr 24, 20266-K EDGAR
- Mar 20, 202620-F EDGAR
- Mar 18, 20263 EDGAR
- Mar 18, 20263 EDGAR
- Mar 18, 20263 OWNERSHIP DOCUMENT EDGAR
The 135 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
4 open-market trades by officers, directors and large owners since October 2021: 0 buys and 4 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 14, 2026 | QVT Financial LP | Sale | 68,420 | $59.99 | $4.1M | Form 4 |
| Aug 14, 2026 | Gold Daniel AllenDirector | Sale | 68,420 | $59.99 | $4.1M | Form 4 |
| Aug 13, 2026 | QVT Financial LP | Sale | 8,539 | $65.04 | $555.4K | Form 4 |
| Aug 13, 2026 | Gold Daniel AllenDirector | Sale | 8,539 | $65.04 | $555.4K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Hospitality Assets Corp.SCHEDULE 13G/A, 3 filings Jan 2, 2024 to Mar 18, 202615
- Glafki Marine Corp.SC 13G, 1 filing Jan 2, 202416
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 4
- 5
- 6
- 7
- 8SEC EDGARIraklis Sbarounis, Officer
- 9SEC EDGARDaniel Allen Gold, Board member
- 10
- 11SEC EDGARIoannis Alafouzos, Board member
- 12SEC EDGARJoshua Arthur Nemser, Board member
- 13
- 14SEC EDGARRobert C. Knapp, Board member
- 15
- 16