Okeanis Eco Tankers (OET) DNB Carnegie Energy and Shipping Conference 2026 presentation summary

Structurally supportive market backdrop

• Aging global tanker fleet and limited new supply are tightening effective capacity, supporting strong tanker earnings in a supply-constrained market.

• Nearly 20% of global crude tanker capacity is sanctioned, stretching trade flows and increasing ton-miles, which benefits compliant fleets.

• Demand growth, especially from emerging markets like India, and geopolitical factors are reinforcing a positive market environment.

• High utilization rates amplify rate swings, with every 1% increase in utilization adding significant daily earnings per vessel.

• Market rates are rising into seasonal peaks, with tanker earnings strengthening as fundamentals play out.

Scaled, modern fleet with high spot exposure

• Operates 18 modern, eco-design, scrubber-fitted vessels with an average age of 6 years and 94% spot market exposure.

• Fleet includes 8 Suezmaxes and 8 VLCCs on the water, plus 2 Suezmaxes under construction, totaling 3.8 million DWT.

• All vessels are built at first-class yards and are fully owned.

Commercial platform outperformance

• Achieved 22% VLCC and 38% Suezmax spot market TCE outperformance versus listed peers over 25 quarters.

• Generated $232 million in outperformance since Q4 2019 compared to peer averages.

• FY 2025 fleetwide TCE was $52,800/day with 98% utilization; Q1 2026 guidance indicates even higher rates.