Latest news with #OET
Yahoo
30-05-2025
- Business
- Yahoo
Okeanis Eco Tankers Corp. – 2025 Annual Meeting of Shareholders held
ATHENS, Greece, May 30, 2025 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. ('OET' or the 'Company') (NYSE:ECO / OSE:OET) today announced that the 2025 Annual Meeting of the Shareholders of the Company (the 'Annual Meeting') was duly held on May 30, 2025 and that all proposals on the agenda were approved. At the Annual Meeting, the shareholders of the Company: (i) Elected the following eight directors to serve until the next annual meeting of shareholders or until their successors are elected and qualified: Ioannis Alafouzos (Chair), Robert Knapp, Daniel Gold, Joshua Nemser, Charlotte Stratos, Francis 'Frank' Dunne, Petros Siakotos Konstantinidis and Dimitrios Papalexopoulos; and (ii) Ratified the appointment of Deloitte Certified Public Accountants S.A. as independent auditors for the year ending December 31, 2025. Following the Annual Meeting, the Board of Directors of the Company (the 'Board') approved the expansion of the size of each of its standing committees, effective June 1, 2025, and designated Frank Dunne to each such committee. The committees therefore are now comprised of the following directors: Audit Committee: Charlotte Stratos (Chair), Petros Siakotos and Frank Dunne. Remuneration Committee: Charlotte Stratos (Chair), Robert Knapp and Frank Dunne. Nominating/Corporate Governance Committee: Petros Siakotos (Chair), Charlotte Stratos and Frank Dunne. Each of the directors serving on the committees has been determined to be independent in accordance with the New York Stock Exchange listing standards and Oslo Stock Exchange requirements. Contacts Company:Iraklis Sbarounis, CFOTel: +30 210 480 4200ir@ Investor Relations / Media Contact:Nicolas Bornozis, PresidentCapital Link, Inc.230 Park Avenue, Suite 1540, New York, N.Y. 10169Tel: +1 (212) 661-7566okeanisecotankers@ About OET OET is a leading international tanker company providing seaborne transportation of crude oil and refined products. The Company was incorporated on April 30, 2018 under the laws of the Republic of the Marshall Islands and is listed on Oslo Stock Exchange under the symbol OET and the New York Stock Exchange under the symbol ECO. The sailing fleet consists of six modern scrubber-fitted Suezmax tankers and eight modern scrubber-fitted VLCC tankers. Forward-Looking Statements This communication contains 'forward-looking statements', including as defined under U.S. federal securities laws. Forward-looking statements provide the Company's current expectations or forecasts of future events. Forward-looking statements include statements about the Company's expectations, beliefs, plans, objectives, intentions, assumptions and other statements that are not historical facts or that are not present facts or conditions. Words or phrases such as 'anticipate,' 'believe,' 'continue,' 'estimate,' 'expect,' 'hope,' 'intend,' 'may,' 'ongoing,' 'plan,' 'potential,' 'predict,' 'project,' 'should,' 'will' or similar words or phrases, or the negatives of those words or phrases, may identify forward-looking statements, but the absence of these words does not necessarily mean that a statement is not forward-looking. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. The Company's actual results could differ materially from those anticipated in forward-looking statements for many reasons, including as described in the Company's filings with the U.S. Securities and Exchange Commission (the 'SEC'). Accordingly, you should not unduly rely on these forward-looking statements, which speak only as of the date of this communication. Factors that could cause actual results to differ materially include, but are not limited to, the Company's operating or financial results; the Company's liquidity, including its ability to service its indebtedness; competitive factors in the market in which the Company operates; shipping industry trends, including charter rates, vessel values and factors affecting vessel supply and demand; future, pending or recent acquisitions and dispositions, business strategy, areas of possible expansion or contraction, and expected capital spending or operating expenses; risks associated with operations; broader market impacts arising from war (or threatened war) or international hostilities; risks associated with pandemics, including effects on demand for oil and other products transported by tankers and the transportation thereof; and other factors listed from time to time in the Company's filings with the SEC. Except to the extent required by law, the Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions, or circumstances on which any statement is based. You should, however, review the factors and risks the Company describes in the reports it files and furnishes from time to time with the SEC, which can be obtained free of charge on the SEC's website at This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-05-2025
- Business
- Yahoo
Okeanis Eco Tankers Corp. Reports Financial Results for the First Quarter of 2025
ATHENS, May 14, 2025 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (together with its subsidiaries, unless context otherwise dictates, 'OET' or the 'Company') (NYSE: ECO, OSE: OET) today reported its unaudited condensed financial results for the first quarter of 2025, which are attached to this press release. Financial performance of the First Quarter Ended March 31, 2025 • Revenues of $80.1 million in Q1 2025, compared to $111.1 million in Q1 2024. • Profit of $12.6 million in Q1 2025, compared to $41.6 million in Q1 2024. • Vessel operating expenses of $10.5 million in Q1 2025, compared to $10.6 in Q1 2024. • Earnings per share of $0.39 in Q1 2025, compared to $1.29 in Q1 2024. • Cash (including restricted cash) of $43.0 million as of March 31, 2025, compared to $54.3 million as of December 31, 2024. Alternative performance metrics and market development* • Time charter equivalent ('TCE', a non-IFRS measure*) revenue of $48.6 million in Q1 2025. • EBITDA* and Adjusted EBITDA* (non-IFRS measures*) of $33.8 million and $32.5 million, respectively, in Q1 2025. • Adjusted profit* and Adjusted earnings per share* (non-IFRS measures*) of $11.4 million or $0.36 per basic and diluted share in Q1 2025. • Fleetwide daily TCE rate* of $38,500 per operating day in Q1 2025; VLCC and Suezmax TCE rates of $38,000 and $39,200 per operating day, respectively, in Q1 2025. • Daily vessel operating expenses ('Daily Opex', a non-IFRS measure*) of $9,233 per calendar day, including management fees, in Q1 2025. • In Q2 2025 to date, 72% of the available VLCC spot days have been booked at an average TCE rate of $46,700 per day and 64% of the available Suezmax spot days have been booked at an average TCE rate of $50,600 per day. Declaration of Q1 2025 dividend The Company's board of directors declared a dividend of $0.32 per common share to shareholders. Dividends payable to common shares registered in the Euronext VPS will be distributed in NOK. The cash payment will be paid on June 12, 2025, to shareholders of record as of June 3, 2025. The common shares will be traded ex-dividend on the NYSE as from and including June 3, 2025, and the common shares will be traded ex-dividend on the Oslo Stock Exchange as from and including June 2, 2025. Due to the implementation of the Central Securities Depository Regulation (CSDR) in Norway, dividends payable on common shares registered with Euronext VPS are expected to be distributed to Euronext VPS shareholders on or about June 17, 2025. *The Company uses certain financial information calculated on a basis other than in accordance with IFRS, including Daily TCE, EBITDA, Adjusted EBITDA, Adjusted profit, Adjusted earnings per share, and Daily Opex. For a reconciliation of these non-IFRS measures, please refer to the end of this report. Presentation OET will be hosting a conference call and webcast at 14:30 CET on Thursday May 15, 2025 to discuss the Q1 2025 results. Participants may access the conference call using the below dial-in details: Standard International Access: +44 20 3936 2999USA: +1 646 664 1960Norway: +47 815 03 308Password: 435257 The webcast will include a slide presentation and will be available on the following link: An audio replay of the conference call will be available on our website: Contacts Company:Iraklis Sbarounis, CFOTel: +30 210 480 4200ir@ Investor Relations / Media Contact:Nicolas Bornozis, PresidentCapital Link, Inc.230 Park Avenue, Suite 1540, New York, N.Y. 10169Tel: +1 (212) 661-7566okeanisecotankers@ About OET OET is a leading international tanker company providing seaborne transportation of crude oil and refined products. The Company was incorporated on April 30, 2018 under the laws of the Republic of the Marshall Islands and is listed on Oslo Stock Exchange under the symbol OET and the New York Stock Exchange under the symbol ECO. The sailing fleet consists of six modern scrubber-fitted Suezmax tankers and eight modern scrubber-fitted VLCC tankers. Forward Looking Statements This communication contains 'forward-looking statements', including as defined under U.S. federal securities laws. Forward-looking statements provide the Company's current expectations or forecasts of future events. Forward-looking statements include statements about the Company's expectations, beliefs, plans, objectives, intentions, assumptions and other statements that are not historical facts or that are not present facts or conditions. Words or phrases such as 'anticipate,' 'believe,' 'continue,' 'estimate,' 'expect,' 'hope,' 'intend,' 'may,' 'ongoing,' 'plan,' 'potential,' 'predict,' 'project,' 'should,' 'will' or similar words or phrases, or the negatives of those words or phrases, may identify forward-looking statements, but the absence of these words does not necessarily mean that a statement is not forward-looking. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. The Company's actual results could differ materially from those anticipated in forward-looking statements for many reasons, including as described in the Company's filings with the U.S. Securities and Exchange Commission (the 'SEC'). Accordingly, you should not unduly rely on these forward-looking statements, which speak only as of the date of this communication. Factors that could cause actual results to differ materially include, but are not limited to, the Company's operating or financial results; the Company's liquidity, including its ability to service its indebtedness; competitive factors in the market in which the Company operates; shipping industry trends, including charter rates, vessel values and factors affecting vessel supply and demand; future, pending or recent acquisitions and dispositions, business strategy, areas of possible expansion or contraction, and expected capital spending or operating expenses; risks associated with operations; broader market impacts arising from war (or threatened war) or international hostilities; risks associated with pandemics, including effects on demand for oil and other products transported by tankers and the transportation thereof; and other factors listed from time to time in the Company's filings with the SEC. Except to the extent required by law, the Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions, or circumstances on which any statement is based. You should, however, review the factors and risks the Company describes in the reports it files and furnishes from time to time with the SEC, which can be obtained free of charge on the SEC's website at This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act. A PDF associated with this press release can be found here: in to access your portfolio
Yahoo
09-05-2025
- Business
- Yahoo
Okeanis Eco Tankers Corp. – Invitation to Q1 2025 Results Conference Call and Webcast
ATHENS, Greece, May 09, 2025 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (the 'Company' or 'OET') (NYSE:ECO / OSE:OET), will report unaudited condensed results for the first quarter of 2025, after market close on the NYSE, on Wednesday, May 14, 2025, and a webcast/teleconference will be held at 14:30 CET, on Thursday, May 15, 2025. Participants may access the webcast using the following link: Or via conference call using the below dial-in details: Standard International Access: +44 20 3936 2999USA: +1 646 664 1960Norway: +47 815 03 308Password: 435257 The presentation material, which will be used in the webcast/teleconference, will be available for download from the Investor Relations section at prior to the live webcast/teleconference. Contacts Company: Iraklis Sbarounis, CFO Tel: +30 210 480 4200 ir@ Investor Relations / Media Contact: Nicolas Bornozis, President Capital Link, Inc. 230 Park Avenue, Suite 1540, New York, N.Y. 10169 Tel: +1 (212) 661-7566 okeanisecotankers@ About OET OET is a leading international tanker company providing seaborne transportation of crude oil and refined products. The Company was incorporated on April 30, 2018 under the laws of the Republic of the Marshall Islands and is listed on Oslo Stock Exchange under the symbol OET and the New York Stock Exchange under the symbol ECO. The sailing fleet consists of six modern scrubber-fitted Suezmax tankers and eight modern scrubber-fitted VLCC tankers. Forward Looking Statements This communication contains 'forward-looking statements', including as defined under U.S. federal securities laws. Forward-looking statements provide the Company's current expectations or forecasts of future events. Forward-looking statements include statements about the Company's expectations, beliefs, plans, objectives, intentions, assumptions and other statements that are not historical facts or that are not present facts or conditions. Words or phrases such as 'anticipate,' 'believe,' 'continue,' 'estimate,' 'expect,' 'hope,' 'intend,' 'may,' 'ongoing,' 'plan,' 'potential,' 'predict,' 'project,' 'should,' 'will' or similar words or phrases, or the negatives of those words or phrases, may identify forward-looking statements, but the absence of these words does not necessarily mean that a statement is not forward-looking. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. The Company's actual results could differ materially from those anticipated in forward-looking statements for many reasons, including as described in the Company's filings with the U.S. Securities and Exchange Commission (the 'SEC'). Accordingly, you should not unduly rely on these forward-looking statements, which speak only as of the date of this communication. Factors that could cause actual results to differ materially include, but are not limited to, the Company's operating or financial results; the Company's liquidity, including its ability to service its indebtedness; competitive factors in the market in which the Company operates; shipping industry trends, including charter rates, vessel values and factors affecting vessel supply and demand; future, pending or recent acquisitions and dispositions, business strategy, areas of possible expansion or contraction, and expected capital spending or operating expenses; risks associated with operations; broader market impacts arising from war (or threatened war) or international hostilities; risks associated with pandemics, including effects on demand for oil and other products transported by tankers and the transportation thereof; and other factors listed from time to time in the Company's filings with the SEC. Except to the extent required by law, the Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions, or circumstances on which any statement is based. You should, however, review the factors and risks the Company describes in the reports it files and furnishes from time to time with the SEC, which can be obtained free of charge on the SEC's website at while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
07-05-2025
- Business
- Yahoo
Okeanis Eco Tankers Corp. – Files Two Registration Statements on Form F-3
Okeanis Eco Tankers Corp ATHENS, Greece, May 07, 2025 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (the 'Company' or 'OET') (NYSE:ECO / OSE:OET), announced today that it has filed with the U.S. Securities and Exchange Commission (the 'SEC') a shelf registration statement on Form F-3 on May 7, 2025. The shelf registration statement will enable the Company to more quickly and efficiently raise capital in the future. It provides for up to $500,000,000 in capital, which may be used for, among other things, potential acquisitions, strategic initiatives, reducing outstanding debt or other general corporate purposes. In addition, the Company also filed with the SEC a separate 'resale' registration statement on Form F-3 relating to the resale of up to 18,102,286 common shares that are beneficially held by affiliates of the Company and that are otherwise currently not freely tradable in the United States without limitations. Each registration statement on Form F-3 may be found on the SEC's website ( The Company has no present intention to utilize the shelf registration statement, and has received no indication whether the Company's affiliates are planning to sell any of their shares in the Company that are registered under the 'resale' registration statement on Form F-3. Contacts Company: Iraklis Sbarounis, CFO Tel: +30 210 480 4200 ir@ Investor Relations / Media Contact: Nicolas Bornozis, President Capital Link, Inc. 230 Park Avenue, Suite 1540, New York, N.Y. 10169 Tel: +1 (212) 661-7566 okeanisecotankers@ About OET OET is a leading international tanker company providing seaborne transportation of crude oil and refined products. The Company was incorporated on April 30, 2018 under the laws of the Republic of the Marshall Islands and is listed on Oslo Stock Exchange under the symbol OET and the New York Stock Exchange under the symbol ECO. The sailing fleet consists of six modern scrubber-fitted Suezmax tankers and eight modern scrubber-fitted VLCC tankers. Forward-Looking Statements This communication contains 'forward-looking statements', including as defined under U.S. federal securities laws. Forward-looking statements provide the Company's current expectations or forecasts of future events. Forward-looking statements include statements about the Company's expectations, beliefs, plans, objectives, intentions, assumptions and other statements that are not historical facts or that are not present facts or conditions. Words or phrases such as 'anticipate,' 'believe,' 'continue,' 'estimate,' 'expect,' 'hope,' 'intend,' 'may,' 'ongoing,' 'plan,' 'potential,' 'predict,' 'project,' 'should,' 'will' or similar words or phrases, or the negatives of those words or phrases, may identify forward-looking statements, but the absence of these words does not necessarily mean that a statement is not forward-looking. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. The Company's actual results could differ materially from those anticipated in forward-looking statements for many reasons, including as described in the Company's filings with the U.S. Securities and Exchange Commission (the 'SEC'). Accordingly, you should not unduly rely on these forward-looking statements, which speak only as of the date of this communication. Factors that could cause actual results to differ materially include, but are not limited to, the Company's operating or financial results; the Company's liquidity, including its ability to service its indebtedness; competitive factors in the market in which the Company operates; shipping industry trends, including charter rates, vessel values and factors affecting vessel supply and demand; future, pending or recent acquisitions and dispositions, business strategy, areas of possible expansion or contraction, and expected capital spending or operating expenses; risks associated with operations; broader market impacts arising from war (or threatened war) or international hostilities; risks associated with pandemics, including effects on demand for oil and other products transported by tankers and the transportation thereof; and other factors listed from time to time in the Company's filings with the SEC. Except to the extent required by law, the Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions, or circumstances on which any statement is based. You should, however, review the factors and risks the Company describes in the reports it files and furnishes from time to time with the SEC, which can be obtained free of charge on the SEC's website at
The Hindu
04-05-2025
- Health
- The Hindu
The need for a holistic approach to training OET aspirants
The Occupational English Test (OET) is a language proficiency test designed specifically for nurses, doctors and allied health professionals who want to work or study in English-speaking countries such as the U.K., Australia, New Zealand and others. While the test itself can be challenging, many aspirants face significant difficulties during the preparation. Gaps in training methodology, outdated teaching methods and high student-trainer ratio are some of the problems facing those aiming to take the OET. One student* felt that the training sessions were too generic. 'For basic reading comprehension, what I needed was targeted practice on specific types of texts and questions that appear in the OET reading module. I wanted to learn how to quickly identify the main ideas, understand the tone and answer the objectives within time limit. But this was not done.' A senior nurse* who had enrolled for the classes to improve her English language skills. 'When I told the instructor that I was having trouble with the writing section, I was instructed to just follow the format. I also struggled with the listening module and was lost in a sea of medical jargon. The instructors would rattle off complex terms and abbreviations, expecting us to absorb them instantly. Since they lacked a medical background, their explanations only added to my confusion.' Comprehensive strategy Instead of the current one-size-fits-all approach, what OET educators require is a comprehensive sub-skill integrated learning strategy. Instructors and trainers should have a basic knowledge of healthcare concepts so that students understand the context of OET questions leading to better comprehension and improved test scores. Mapping existing gaps in OET preparation techniques and institutional guidance will ensure that aspirants receive comprehensive support to overcome challenges. Here are some ways in which this can be done: First, students should be familiarised with OET format, including the four categories of reading, writing, speaking and listening. Review the test content, timing and questions. Next, activities should be created to engage students in group discussions, debates, monologues and dialogues. Discussions on grammar, vocabulary and pronunciation can be held to help improve speaking and listening skills. To develop speaking skills, students should be engaged in role-play and conversations, using medical jargon. Discuss patient care, symptoms, and treatment options so that they can demonstrate their ability to use medical vocabulary. To improve listening skills, students should be made to identify medical information and record symptoms, offer diagnosis and develop treatment plans. They can also listen to podcasts and other audio texts related to the medical field. For writing prowess, the students to read the task instructions carefully, plan letter writing tasks and identify keys points, structure and layout. They should be directed to focus on relevant information about patient condition, treatment and care. To improve their reading, students should be advised to scan passages appropriately, focus on key words, and identify question types and use contextual clues to find answers. *Names withheld on request
