Okeanis Eco Tankers (OET) is a Greek-managed crude oil tanker company listed on NYSE and the Oslo Stock Exchange. OET owns and operates a fleet of 16 large crude oil tankers — 8 VLCCs and 8 Suezmax tankers — that transport crude oil on major global trade routes between the Americas, Europe, the Middle East, and Asia. VLCCs carry roughly 300,000-320,000 deadweight tons of crude, typically on long-haul routes, while Suezmax tankers carry roughly 155,000-160,000 deadweight tons across a wider range of regional trades. OET's fleet is entirely Eco-design and scrubber-fitted, sourced from top-tier South Korean and Japanese shipyards, with an average fleet age of approximately 6 years. OET operates almost entirely in the spot (voyage charter) market, earning freight rates from oil companies, traders, and national oil companies for single-voyage cargo movements. This maximizes earnings upside in strong rate environments but creates cyclical revenue volatility. OET's scrubber-equipped vessels can burn cheaper high-sulfur fuel oil, creating a structural cost advantage over non-Eco peers. OET uses a wholly owned subsidiary, OET Chartering, as commercial manager and Kyklades Maritime as technical manager. OET tracks Time Charter Equivalent (TCE) rate — net daily earnings per vessel after stripping out voyage costs — as its primary earnings metric. The company has a stated policy of distributing the large majority of net income as dividends, and has paid out over $461M since its 2018 IPO. OET is expanding its fleet to 18 vessels through newbuilding acquisitions funded by equity raises at a premium to net asset value.