(Greece, 17 December 2020)
Okeanis Eco Tankers Corp. (“OET”) today announces preliminary guidance for the three month period ended December 31, 2020, as well as commercial and operational updates.
OET expects FY 2020 adjusted EBITDA in the range of USD 184-186m (4Q20 range of USD 29-31m) and FY 2020 adjusted profit in the range of USD 105-107m (4Q20 range of USD 10-12m). Additionally, OET estimates that it has recouped 64% of its scrubber investment through year end 2020.
OET announces the following short term time charters:
- Aframax/LR2 Nissos Heraclea for six to eleven months at a gross daily rate of USD 19,000
- Suezmax Kimolos for three to six months at an initial gross daily rate of USD 20,000 rising to USD 23,000
- VLCC Nissos Kythnos for eleven months at a gross daily rate of USD 30,000
OET announces an amendment to its technical management agreement with Kyklades Maritime Corporation that is due for renewal at the end of calendar year 2020.
Please refer to the attachment accompanying this press release for further details.
John Papaioannou, CFO
+30 210 480 4099
Okeanis Eco Tankers Corp. is a pure play eco and scrubber-fitted tanker company that owns and operates a fleet of seventeen modern, high-specification crude oil and products tankers in the VLCC, Suezmax and Aframax/LR2 segments.
Forward Looking Statements
Matters discussed in this release may contain certain forward-looking statements relating to the business, financial performance and results of the Company and/or the industry in which it operates, sometimes identified by the words “believes”, “expects”, “intends”, “plans”, “estimates”, “anticipates” and similar expressions. The forward-looking statements contained in this release, including assumptions, opinions and views of the Company or cited from third-party sources, are solely opinions and forecasts that are subject to risks, uncertainties and other factors that may cause actual events to differ materially from any anticipated development. The Company does not provide any assurance that that the assumptions underlying such forward-looking statements are free from errors, nor does the Company accept any responsibility for the future accuracy of the opinions expressed in the presentation or the actual occurrence of the forecasted developments. No obligations are assumed to update any forward-looking statements or to conform to these forward-looking statements to actual results.