Latest news with #OkeanisEcoTankers
Yahoo
12-08-2025
- Business
- Yahoo
Okeanis Eco Tankers Corp. – Unaudited Condensed Financial Statements for the Second Quarter and Six-Month Period of 2025
ATHENS, Greece, Aug. 12, 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 second quarter and six-month period of 2025, which are attached to this press release. Financial performance of the Second Quarter Ended June 30, 2025 Revenues of $93.9 million in Q2 2025, compared to $112.0 million in Q2 2024. Profit of $26.9 million in Q2 2025, compared to $39.6 million in Q2 2024. Vessel operating expenses of $11.5 million in Q2 2025, compared to $10.8 million in Q2 2024. Earnings per share of $0.84 in Q2 2025, compared to $1.23 in Q2 2024. Cash (including restricted cash) of $65.3 million as of June 30, 2025, compared to $98.1 million as of June 30, 2024. Financial performance of the Six Months Ended June 30, 2025 Revenues of $174.1 million in 6M 2025, compared to $223.1 million in 6M 2024. Profit of $39.4 million in 6M 2025, compared to $81.1 million in 6M 2024. Vessel operating expenses of $22.0 million in 6M 2025, compared to $21.4 million in 6M 2024. Earnings per share of $1.23 in 6M 2025, compared to $2.52 in 6M 2024. Alternative performance metrics and market development Time charter equivalent ('TCE', a non-IFRS measure*) revenue of $64.0 million in Q2 2025. EBITDA and Adjusted EBITDA (each non-IFRS measures*) of $48.5 million and $47.3 million, respectively, in Q2 2025. Adjusted profit* and Adjusted earnings per share* (each non-IFRS measures*) of $26.7 million or $0.83 per basic and diluted share in Q2 2025. Fleetwide daily TCE rate* of $50,500 per operating day in Q2 2025; VLCC and Suezmax TCE rates of $49,800 and $51,400 per operating day, respectively, in Q2 2025. Daily vessel operating expenses ('Daily Opex', a non-IFRS measure*) of $9,963 per calendar day, including management fees, in Q2 2025. In Q3 2025 to date, 77% of the available VLCC spot days have been booked at an average TCE rate of $44,200 per day and 61% of the available Suezmax spot days have been booked at an average TCE rate of $34,200 per day. Declaration of Q2 2025 dividend The Company's board of directors declared a dividend of $0.70 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 September 5, 2025, to shareholders of record as of August 22, 2025. The common shares will be traded ex-dividend on the NYSE as from and including August 22, 2025, and the common shares will be traded ex-dividend on the Oslo Stock Exchange as from and including August 21, 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 September 10, 2025. *The Company uses certain financial information calculated on a basis other than in accordance with International Financial Reporting Standards ('IFRS') and generally accepted accounting principles, including TCE, 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 report attached to this press release. Presentation OET will be hosting a conference call and webcast at 14:30 CET on Wednesday August 13, 2025 to discuss the Q2 2025 and 6M 2025 results. Participants may access the conference call using the below dial-in details: Standard International Access: +44 20 3936 2999USA: +1 646 233 4753Norway: +47 815 03 308Password: 926967 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. Forwardlooking 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
12-08-2025
- Business
- Yahoo
Okeanis Eco Tankers Corp. – Unaudited Condensed Financial Statements for the Second Quarter and Six-Month Period of 2025
ATHENS, Greece, Aug. 12, 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 second quarter and six-month period of 2025, which are attached to this press release. Financial performance of the Second Quarter Ended June 30, 2025 Revenues of $93.9 million in Q2 2025, compared to $112.0 million in Q2 2024. Profit of $26.9 million in Q2 2025, compared to $39.6 million in Q2 2024. Vessel operating expenses of $11.5 million in Q2 2025, compared to $10.8 million in Q2 2024. Earnings per share of $0.84 in Q2 2025, compared to $1.23 in Q2 2024. Cash (including restricted cash) of $65.3 million as of June 30, 2025, compared to $98.1 million as of June 30, 2024. Financial performance of the Six Months Ended June 30, 2025 Revenues of $174.1 million in 6M 2025, compared to $223.1 million in 6M 2024. Profit of $39.4 million in 6M 2025, compared to $81.1 million in 6M 2024. Vessel operating expenses of $22.0 million in 6M 2025, compared to $21.4 million in 6M 2024. Earnings per share of $1.23 in 6M 2025, compared to $2.52 in 6M 2024. Alternative performance metrics and market development Time charter equivalent ('TCE', a non-IFRS measure*) revenue of $64.0 million in Q2 2025. EBITDA and Adjusted EBITDA (each non-IFRS measures*) of $48.5 million and $47.3 million, respectively, in Q2 2025. Adjusted profit* and Adjusted earnings per share* (each non-IFRS measures*) of $26.7 million or $0.83 per basic and diluted share in Q2 2025. Fleetwide daily TCE rate* of $50,500 per operating day in Q2 2025; VLCC and Suezmax TCE rates of $49,800 and $51,400 per operating day, respectively, in Q2 2025. Daily vessel operating expenses ('Daily Opex', a non-IFRS measure*) of $9,963 per calendar day, including management fees, in Q2 2025. In Q3 2025 to date, 77% of the available VLCC spot days have been booked at an average TCE rate of $44,200 per day and 61% of the available Suezmax spot days have been booked at an average TCE rate of $34,200 per day. Declaration of Q2 2025 dividend The Company's board of directors declared a dividend of $0.70 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 September 5, 2025, to shareholders of record as of August 22, 2025. The common shares will be traded ex-dividend on the NYSE as from and including August 22, 2025, and the common shares will be traded ex-dividend on the Oslo Stock Exchange as from and including August 21, 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 September 10, 2025. *The Company uses certain financial information calculated on a basis other than in accordance with International Financial Reporting Standards ('IFRS') and generally accepted accounting principles, including TCE, 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 report attached to this press release. Presentation OET will be hosting a conference call and webcast at 14:30 CET on Wednesday August 13, 2025 to discuss the Q2 2025 and 6M 2025 results. Participants may access the conference call using the below dial-in details: Standard International Access: +44 20 3936 2999USA: +1 646 233 4753Norway: +47 815 03 308Password: 926967 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. Forwardlooking 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 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
12-08-2025
- Business
- Yahoo
Okeanis Eco Tankers Corp. – Key Information relating to Q2 2025 dividend
ATHENS, Greece, Aug. 12, 2025 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. ('OET' or the 'Company') (NYSE: ECO / OSE: OET) announced today that the Company's board of directors (the 'Board') has declared a dividend on its common shares (the 'Dividend'). Due to implementation of the Central Securities Depository Regulation ('CSDR') in Norway, shareholders who hold common shares registered in Euronext Securities Oslo, the central securities depository in Norway ('VPS') should please note the information on the payment date to the common shares registered in VPS below. The New York Stock Exchange ('NYSE') settles its trades on a T+1 basis, while the Oslo Stock Exchange ('OSE') settles its trades on a T+2 basis. As a result, there will be different ex-dividend dates between the two exchanges, as set out below. Key information relating to the Dividend: Dividend amount: USD 0.70 per common share. Declared currency: USD. Dividends payable to common shares registered in the Euronext VPS will be distributed in NOK. Date of Board approval: August 12, 2025. Last day including right OSE: August 20, 2025, the last date on which the Company's common shares trading on the OSE will include the entitlement to the Dividend. Last day including right NYSE: August 21, 2025, the last date on which the Company's common shares trading on the NYSE will include the entitlement to the Dividend. Ex-date OSE: August 21, 2025, the date on which the Company's common shares will begin trading on the OSE without the entitlement to the Dividend. Ex-date NYSE: August 22, 2025, the date on which the Company's common shares will begin trading on the NYSE without the entitlement to the Dividend. Record date OSE and NYSE: August 22, 2025 Payment date: September 5, 2025. Due to the implementation of CSDR in Norway, the Dividend payable on common shares that are registered in the Euronext VPS is expected to be distributed to Euronext VPS shareholders on or about September 10, 2025. The Company encourages you to contact your bank, broker, nominee or other institution if you have any questions regarding the mechanics and timing of having the Dividend attributable to your common shares credited to your account. 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 published in accordance with the requirements of the Continuing 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
06-08-2025
- Business
- Yahoo
Okeanis Eco Tankers Corp. – Invitation to Q2 2025 Results Conference Call and Webcast
ATHENS, Greece, Aug. 06, 2025 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (the 'Company' or 'OET') (NYSE:ECO / OSE:OET), will report unaudited condensed financial results for the second quarter and six-month period of 2025, after market close on the NYSE, on Tuesday, August 12, 2025, and a webcast/teleconference will be held at 14:30 CET, on Wednesday, August 13, 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: +1 646 233 4753Norway: +47 815 03 308Password: 926967 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 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
Associated Press
02-06-2025
- Business
- Associated Press
Okeanis Eco Tankers Corp.
ATHENS, Greece, June 02, 2025 (GLOBE NEWSWIRE) -- Reference is made to the key information relating to Q1 2025 dividend announced by Okeanis Eco Tankers Corp. ('OET' or the 'Company') (NYSE: ECO / OSE: OET) on May 14, 2025. The Company's shares will be traded ex dividend USD 0.32 per common share on the Oslo Stock Exchange from today, June 2, 2025 and on the New York Stock Exchange from June 3, 2025. Contacts Company: Iraklis Sbarounis, CFO Tel: +30 210 480 4200 [email protected] 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 [email protected] 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
