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Okeanis Eco Tankers
Okeanis Eco Tankers Corp (“OET” or “the Company”) is the only publicly listed pure ECO, scrubber fitted tankers international platform engaged in the ocean...
Okeanis Eco Tankers
Okeanis Eco Tankers Corp (“OET” or “the Company”) is the only publicly listed pure ECO, scrubber fitted tankers international platform engaged in the ocean transportation of crude oil and refined products. OET owns, through its vessel-owning subsidiaries, a fleet of fourteen tanker vessels, six modern Suezmax tankers and eight modern VLCC tankers.
General information
Firm type
Asset Manager
Year founded
2018
Location
Region
Europe
Country
Greece
City
Athens
Corporate office
Athens, Greece
Principals
Ioannis Alafouzos
Chairman
Aristidis Alafouzos
Chief Executive Officer
Sector focus
Frequently asked questions
Who controls Okeanis Eco Tankers, and what is the family's shipping background?
The Alafouzos family, led by Chairman Ioannis Alafouzos and CEO Aristidis Alafouzos, controls Okeanis Eco Tankers through a majority equity stake. The family's shipping roots extend multiple generations in Greece, with interests spanning crude tankers, dry bulk, and LNG through various public and private entities. Okeanis represents their primary listed vehicle for crude-oil tanker exposure, giving the family direct operational oversight of fleet strategy and capital allocation.
What makes the Okeanis fleet structurally different from older tanker tonnage?
Every vessel in the Okeanis fleet was delivered between 2018 and 2021 and is equipped with exhaust-gas scrubbers. This modern eco-design meets IMO 2020 sulfur caps and the Energy Efficiency Design Index, giving the ships a fuel-cost advantage when high-sulfur fuel oil trades at a discount to compliant low-sulfur fuel. Older fleets without scrubbers or with lower efficiency ratings face higher operating costs and increasing regulatory pressure.
How does Okeanis Eco Tankers reward public shareholders?
The company pays a variable quarterly dividend tied to operating cash flows, and the board has periodically authorized share repurchase programs. For example, in February 2025 the firm declared a $0.45 per-share dividend and announced a buyback initiative. This reflects a deliberate policy of returning capital to minority shareholders alongside the family's controlling interest.
Is Okeanis a diversified shipping company or a pure-play tanker firm?
Okeanis Eco Tankers is a pure-play crude-tanker company. The fleet consists exclusively of scrubber-fitted VLCCs and Suezmaxes. It does not own product tankers, chemical carriers, container ships, or dry-bulk vessels. The broader Alafouzos group has separate exposure to other shipping segments, but Okeanis itself is narrowly focused on the large crude-carrier market.
Who charteres Okeanis vessels, and what is the typical contract structure?
The company operates mainly in the spot market and short-term time-charter market, with occasional fixed-rate period cover. Published fixture reports name charterers including Shell and Trafigura. Routes typically serve crude flows from the Arabian Gulf to China and West Africa to Northwest Europe. This spot-heavy posture gives Okeanis direct exposure to tanker rate cycles.
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