Okeanis Eco Tankers

Each Okeanis ship earned about 181,200 dollars a day in the second quarter of 2026, compared with roughly 50,000 dollars a year earlier. Daily running costs were only about 9,900 dollars, so almost all of that jump landed in profit. The company made 230.3 million dollars of net income on 318.9 million dollars of revenue in a single quarter.

The fleet averages just 5.4 years old, far younger than the 13 year global average, and every ship is eco designed. That attracts customers and keeps repair bills low. Okeanis paid a dividend of 5.25 dollars per share for the second quarter, about 90 percent of its profit, while still holding 247.8 million dollars in cash against 722.5 million dollars of debt.

About 94 percent of the fleet's days are sold at the daily spot price, so profit rises and falls with the market. Second quarter earnings were 5.91 dollars per share, and a calmer oil market could cut that sharply. The dividend moves with profit, so the 5.25 dollars paid last quarter should not be expected every quarter. The stock is also up roughly 36 percent since late June.

Today's high rates come partly from conflict near the Strait of Hormuz, which forces oil onto longer routes and soaks up ship capacity. If tensions ease while a wave of new tankers arrives, rates could drop. The global order book equals about 32 percent of today's VLCC fleet and 30 percent of Suezmaxes, with most deliveries due in 2028 and 2029.