ECO 6-K
Okeanis Eco Tankers Corp. (ECO)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO
RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of January 2026
Commission File Number: 001-41858
Okeanis Eco Tankers Corp.
(Translation of registrant’s name into English)
c/o OET Chartering Inc., Ethnarchou Makariou Ave., & 2 D. Falireos St., 185 47 N. Faliro, Greece
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F x Form 40-F ¨
INFORMATION CONTAINED IN THIS FORM 6-K REPORT
Attached to this report on Form 6-K as Exhibit 99.1 is a copy of the press release published by Okeanis Eco Tankers Corp. on January 20, 2026, titled “Okeanis Eco Tankers Corp. – Commercial Update.”
Attached to this report on Form 6-K as Exhibit 99.2 is a copy of the press release published by Okeanis Eco Tankers Corp. on January 20, 2026, titled “Okeanis Eco Tankers Corp. – Agreements to acquire vessels and contemplated USD 115 million offering of new common shares.”
This report on Form 6-K shall not constitute an offer to sell or the solicitation of an offer to buy the securities discussed herein, nor shall there be any offer, solicitation, or sale of the securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
This report on Form 6-K and the exhibit(s) hereto are hereby incorporated by reference into the registrant’s registration statements: (A) on Form F-3 (File No. 333-287032), filed with the Securities and Exchange Commission on May 7, 2025 and declared effective on May 21, 2025 and (B) on Form F-3 (File No. 333-287036), filed with the Securities and Exchange Commission on May 7, 2025 and declared effective on May 21, 2025.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Okeanis Eco Tankers Corp. | ||
| By: | /s/ Iraklis Sbarounis | |
| Name: | Iraklis Sbarounis | |
| Title: | Chief Financial Officer | |
Date: January 20, 2026
Exhibit 99.1
Okeanis Eco Tankers Corp. – Commercial Update
ATHENS, GREECE, January 20, 2026: Okeanis Eco Tankers Corp. (the “Company” or “OET” or “Okeanis” or “we”) (NYSE:ECO / OSE:OET), announced the following commercial update:
As of the date of this release, we estimate the following Daily Time Charter Equivalent Rate* (“Daily TCE Rate”) on our vessels:
| - | On a fleetwide basis, for Q4 2025 we anticipate a Daily TCE Rate of approximately $75,400 per operating day, and thus far in Q1 2026, approximately 26% of the available fleetwide spot days have been booked at an average Daily TCE Rate of $106,700 per operating day. All of our vessels are trading spot / short term. |
| - | For our VLCC vessels, for Q4 2025 we anticipate a Daily TCE Rate of approximately $91,300 per operating day, and thus far in Q1 2026, approximately 37% of the available VLCC spot days have been booked at an average Daily TCE Rate of $110,100 per operating day. |
| - | For our Suezmax vessels, for Q4 2025 we anticipate a Daily TCE Rate of approximately $50,800 per operating day, and thus far in Q1 2026, approximately 16% of the available Suezmax spot days have been booked at an average Daily TCE Rate of $98,500 per operating day. |
All Daily TCE Rate estimates are determined by applying certain IFRS adjustments for their calculation.
Furthermore, in reference to earlier announcements, we confirm the successful delivery into our fleet of the Nissos Piperi on January 8, 2026, and the Nissos Serifopoula on January 14, 2026, our two recently acquired newbuilding Suezmax vessels, which were under construction at Daehan Shipbuilding Co., Ltd.
* Daily TCE Rate is a non-IFRS measure. Please see below “Daily TCE Rate Reconciliation.”
Daily TCE Rate Reconciliation
In the shipping industry, economic decisions are based on vessels’ deployment upon anticipated time charter equivalent rates, or TCE rates, and time charter equivalent revenue, and industry analysts typically measure shipping freight rates in terms of TCE rates. This is because under time-charter and bareboat contracts the customer usually pays the voyage expenses, while under voyage charters the ship-owner usually pays the voyage expenses, which typically are added to the hire rate at an approximate cost. In a voyage charter contract, consideration is received for the use of a vessel between designated ports for the duration of the voyage only, at an agreed upon rate per volume of cargo carried. In a time charter contract, the customer (also known as the charterer) is responsible to pay for fuel consumed and port expenses incurred during the agreed period of time. In a voyage charter contract, the Company is responsible for maintaining the voyage, including vessel scheduling and routing, as well as any related voyage expenses, such as fuel, port and other expenses. Under voyage charters, the majority of voyage expenses are generally borne by us whereas for vessels in a time charter, such expenses are borne by the time charter operator. In a bareboat charter, the customer pays for all of the vessel’s operating expenses, and undertakes to maintain the vessel in a good state of repair and efficient operating condition and drydock the vessel during this period as per the classification society requirements. We may incur voyage related expenses when positioning or repositioning vessels before or after the period of a time or other charter, during periods of commercial waiting time or while off-hire during drydocking or due to other unforeseen circumstances. Because of the different nature of these types of arrangements, the amount of revenues earned by the Company can differ significantly between them.
The Daily TCE Rate is a measure of the average daily revenue performance of a vessel. The Company reports its financial results in accordance with International Financial Reporting Standards (“IFRS”). The Daily TCE Rate and time charter equivalent revenue are not measures of revenue under U.S. generally accepted accounting principles, or GAAP, (i.e., they are non-GAAP measures) or IFRS and should not be considered as alternatives to, or superior to, any measure of revenue and financial performance presented in accordance with IFRS. We calculate the Daily TCE Rate by dividing revenues (time charter and/or voyage charter revenues), less commission and voyage expenses (which then equals “time charter equivalent revenue”), by the number of operating days during that period (we define operating days as calendar days less any scheduled or unscheduled days that our vessels are off-hire due to unforeseen technical and commercial circumstances). Our calculation of the Daily TCE Rates and time charter equivalent revenue may not be comparable to that reported by other companies. We define calendar days as the total number of days the vessels were in our possession for the relevant period. Calendar days are an indicator of the size of our fleet during the relevant period and affect the amount of expenses that we record during that period. We and other companies in the shipping industry use operating days to measure the aggregate number of days in a period that our vessels generate revenues. The period a vessel is not being chartered or is unable to perform the services for which it is required under a charter is “off-hire.” Daily TCE Rates are presented herein both on an estimated historic basis and on a forward-looking basis. We have not provided a reconciliation of forward-looking Daily TCE Rate because the most directly comparable IFRS measure on a forward-looking basis is not available to us without unreasonable effort.
Consistent with industry practice, we use Daily TCE Rates and time charter equivalent revenue because they provide a means of comparison between different types of vessel employment and, therefore, assists in evaluating our financial performance. We believe the Daily TCE Rate and time charter equivalent revenue provide additional meaningful information in conjunction with Revenue, the most directly comparable GAAP and IFRS measure, because it assists our management in making decisions regarding the deployment and use of our vessels and in evaluating their financial performance. The Daily TCE Rate and time charter equivalent revenue are measures used to compare period-to-period changes in a company’s performance, and management believes that the Daily TCE Rate and time charter equivalent revenue provide meaningful information to our investors.
The following table sets forth our computation of Daily TCE Rate, including a reconciliation of revenues to the Daily TCE Rate for Q4 2025:
(in USD million, except per day data):
Revenue: $124.03
Voyage expenses: $31.45
Commissions: $1.25
Time charter equivalent revenue: $91.33
Calendar days: 1,288
Off-hire days: 77
Operating days: 1,211
Daily TCE Rate per day: $75,400
According to its financial calendar, the Company plans to announce its results for the fourth quarter 2025 on February 18, 2026, with such results to be approved by the Board of Directors of the Company prior to such announcement. The Company has not finalized its financial statement closing process for the year ended December 31, 2025. During the course of that process, the Company may identify items that would require it to make adjustments, which may be material to the information provided above. As a result, the information above constitutes forward-looking statements and is subject to risks and uncertainties, including possible adjustments to the preliminary results disclosed above. We are providing this information on a one-time basis only and do not intend to update this information prior to the final earnings release for each reporting period.
Contacts
Company:
Iraklis Sbarounis, CFO
Tel: +30 210 480 4200
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
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 eight 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 www.sec.gov.
This information is considered to constitute inside information pursuant to Regulation EU 596/2014 (MAR) and is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act. The information was submitted for publication by Irene Chaidemenou, Legal Counsel, Okeanis Eco Tankers Corp. at the time and date set out above.
Exhibit 99.2
Okeanis Eco Tankers Corp. – Agreements to acquire vessels and contemplated USD 115 million offering of new common shares
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.
ATHENS, GREECE, 20 January 2026 – Okeanis Eco Tankers Corp. (together with its subsidiaries, unless context otherwise dictates, “OET” or the “Company”) (NYSE: ECO, OSE: OET) today announces a contemplated acquisition of two Suezmax tanker newbuilding resales (the “Vessel Acquisitions”), and a contemplated offering of new common shares (the “Offering”).
The completion of the Vessel Acquisitions are subject to completion of the Offering, as further described below.
The Vessel Acquisitions
The Company has entered into two memoranda of agreement, whereby the Company, pursuant to each individual memorandum of agreement, has agreed to purchase one newbuilding Suezmax vessel (with an estimated approximate deadweight tonnage of 157,000), currently under construction at Daehan Shipbuilding Co., Ltd., a South Korean shipyard, being sister vessels to two vessels acquired during January 2026, each from an unrelated third-party seller for an acquisition price of USD 99.3 million per vessel. Each vessel is expected to be delivered from the shipyard in the second quarter of 2026.
Each of the Vessel Acquisitions is contingent on, among other things, the Company raising sufficient capital to fund a portion of the purchase price through the Offering, as well as the Company obtaining the necessary debt financing required to fully fund the Vessel Acquisitions beyond equity raised in the Offering, but the purchase of one vessel is not contingent on the purchase of the other.
The Offering
In connection with the Vessel Acquisitions, the Company is contemplating an offering of new common shares (the “Offer Shares”) to raise gross proceeds of approximately USD 115 million.
The subscription price for the Offer Shares and the total number of Offer Shares will be determined by the Board of Directors of the Company (the "Board") based on an accelerated bookbuilding process.
The net proceeds from the Offering are expected to be used to partly finance the consideration to the sellers in the Vessel Acquisitions. However, if one or both of the Vessel Acquisitions does not consummate, the net proceeds from the Offering may be used for general corporate purposes.
The bookbuilding period for the Offering will commence today, 20 January 2026 at 22:15 CET and is expected to close on 21 January 2026 at 11:00 CET. The Company reserves the right to at any time and in its sole discretion resolve to close or to extend the application period or to cancel the Offering in part or in whole. To facilitate an efficient bookbuilding process, a trading halt will be imposed on the Company’s shares that are trading on Euronext Oslo Børs throughout the bookbuilding period and until final results have been announced, expected on or about 13:00 CET on 21 January 2026.
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Notification of allocation is expected to take place on or about 21 January 2026 at 13:00 CET. Payment and delivery is expected to take place on 23 January 2026 based on delivery vs payment (DVP, T+2). The Offer Shares will be delivered through the DTC. The Offer Shares will be available for trading on New York Stock Exchange once the Offer Shares have been issued and settlement has taken place through the DTC, expected on 23 January 2026. After delivery of Offer Shares, such shares may be transferred from DTC to Euronext Securities Oslo (the "VPS") in accordance with the customary arrangements for transfers of the Company’s shares between DTC and VPS.
The minimum application and allocation amount has been set to the USD equivalent of EUR 100,000. The Board may however, at its sole discretion, allocate Offer Shares for amounts below the USD equivalent of EUR 100,000 to the extent exemptions from the prospectus requirement in accordance with applicable regulations, including the Norwegian Securities Trading Act and ancillary regulations, are available.
Completion of the Offering by settlement of Offer Shares in the Depository Trust Company (DTC) to investors in the Offering is subject to, among other things, (i) all corporate resolutions of the Company required to complete the Offering being validly made, including without limitation, the Board or a committee thereof approving the allocation and issuance of Offer Shares; and (ii) the agreements for the Vessel Acquisitions remaining in full force and effect at the time of settlement of the Offer Shares. The Offering will be cancelled if the conditions are not fulfilled and may be cancelled by the Company in its sole discretion for any other reason.
Completion of the Offering is not conditional upon completion of the Vessel Acquisitions. The Company has entered into agreements with respect to the Vessels Acquisitions and expects such Vessel Acquisitions to be completed in accordance with those agreements subject to and following completion of the Offering, as well as the Company obtaining the necessary debt financing required to fully fund the vessels beyond equity raised in the Offering.
The Offering will be made pursuant to the Company’s shelf registration statement on Form F-3 (File No. 333-287032), which was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on 21 May 2025, and is being made by means of a prospectus supplement prepared specifically in relation to the Offering and to be filed under Rule 424(b) under the U.S. Securities Act of 1933, which can be obtained at www.sec.gov. A written prospectus may also be obtained by contacting Fearnley Securities AS at [email protected], Clarksons Securities AS at [email protected] or Pareto Securities AS at [email protected].
The Company will announce the results of the Offering, the number of Offer Shares allocated in the Offering and the subscription price for the Offer Shares through an announcement expected to be published on or about 12:45 CET on 21 January 2026.
The shareholders of the Company will not have preferential rights to subscribe for new shares in the Offering. The Board has considered the Offering in light of the rules of equal treatment set out in the Norwegian Securities Trading Act section 5-14. The Board is of the opinion that the Offering will reduce execution and completion risk as it, amongst other things, allow for the Company to raise capital more quickly, and is more flexible, especially considering the Offering being part of a larger transaction comprising the Vessel Acquisitions and that the shares of the Company are traded on both the New York Stock Exchange and Euronext Oslo Børs. Furthermore, the Board is of the opinion that, in the current market, the Offering enables the Company to raise equity at a lower discount compared to a rights issue. It has also been taken into consideration that the Offering is based on a publicly announced accelerated bookbuilding process and that the Company has applied for a trading halt on Euronext Oslo Børs (as described above) to facilitate participation of investors trading on the Euronext Oslo Børs. On this basis, the Board has concluded that the Offering is in the interest of the Company and its shareholders and is in compliance with the requirements relating to equal treatment as set out in the Norwegian Securities Trading Act section 5-14.
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Advisors
Fearnley Securities AS and Clarksons Securities AS are acting as joint global coordinators and joint bookrunners, and Pareto Securities AS is acting as joint bookrunner, in the Offering (collectively referred to as the “Managers”). Fearnley Securities AS is not a U.S. registered broker-dealer, and to the extent that this offering is made within the United States, its activities will be effected only to the extent permitted by Rule 15a-6 of the Securities Exchange Act of 1934, as amended or through its affiliate Fearnley Securities Inc. Clarksons Securities AS is not a U.S. registered broker-dealer and to the extent that this offering is made within the United States, its activities will be effected only to the extent permitted by Rule 15a-6 of the Securities Exchange Act of 1934, as amended or through its affiliate Clarksons Securities, Inc. Pareto Securities AS is not a U.S. registered broker-dealer, and to the extent that this offering is made within the United States, its activities will be effected only to the extent permitted by Rule 15a-6 of the Securities Exchange Act of 1934, as amended or through its affiliate Pareto Securities Inc.
Advokatfirmaet BAHR AS is acting as Norwegian legal counsel, and Watson Farley & Williams LLP is acting as US legal counsel, to the Company. Advokatfirmaet Thommessen AS is acting as Norwegian legal counsel, and Seward & Kissel LLP is acting as US legal counsel, to the Managers.
This announcement does not constitute an offer of any of the securities described herein.
Contacts
Company:
Iraklis Sbarounis, CFO
Tel: +30 210 480 4200
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
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This information is considered to be inside information pursuant to article 7 of the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to article 17 of the EU Market Abuse Regulation and Section 5-12 the Norwegian Securities Trading Act.
This stock exchange release was published by Irene Chaidemenou, Legal Counsel, Okeanis Eco Tankers Corp., on the time and date provided.
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 eight modern scrubber-fitted Suezmax tankers and eight modern scrubber-fitted VLCC tankers.
Important Note
The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy, fairness or completeness.
Neither this announcement nor the information contained herein is for publication, distribution or release, in whole or in part, directly or indirectly, in or into or from the United States (including its territories and possessions, any State of the United States and the District of Columbia), Australia, Canada, Japan, Hong Kong, South Africa or any other jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction. The publication, distribution or release of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
This announcement does not constitute an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration under the Securities Act of 1933, as amended, or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the Company and that will contain detailed information about the Company and management, as well as financial statements. In any EEA Member State, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the EU Prospectus Regulation, i.e. only to investors who can receive the offer without an approved prospectus in such EEA Member State. The expression "EU Prospectus Regulation" means Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 (together with any applicable implementing measures in any Member State).
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This communication is only being distributed to and is only directed at persons in the United Kingdom that are "qualified investors" within the meaning of the EU Prospectus Regulation as it forms part of English law by virtue of the European Union (Withdrawal) Act 2018 and that are (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order") or (ii) high net worth entities, and other persons to whom this announcement may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). This communication must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this communication relates is available only to relevant persons and will be engaged in only with relevant persons. Persons distributing this communication must satisfy themselves that it is lawful to do so.
NO ACTION HAS BEEN TAKEN BY THE COMPANY, THE MANAGERS OR ANY OF THEIR RESPECTIVE AFFILIATES THAT WOULD PERMIT AN OFFERING OF THE OFFER SHARES OR POSSESSION OR DISTRIBUTION OF THIS PRESS RELEASE OR ANY OFFERING OR PUBLICITY MATERIAL RELATING TO THE OFFER SHARES IN ANY JURISDICTION WHERE ACTION FOR THAT PURPOSE IS REQUIRED. PERSONS INTO WHOSE POSSESSION THIS PRESS RELEASE COMES ARE REQUIRED BY THE COMPANY AND THE MANAGERS TO INFORM THEMSELVES ABOUT, AND TO OBSERVE, ANY SUCH RESTRICTIONS.
EACH PROSPECTIVE INVESTOR SHOULD PROCEED ON THE ASSUMPTION THAT IT MUST BEAR THE ECONOMIC RISK OF AN INVESTMENT IN THE OFFER SHARES. NONE OF THE COMPANY OR THE MANAGERS MAKE ANY REPRESENTATION AS TO (I) THE SUITABILITY OF THE OFFER SHARES FOR ANY PARTICULAR INVESTOR, (II) THE APPROPRIATE ACCOUNTING TREATMENT AND POTENTIAL TAX CONSEQUENCES OF INVESTING IN THE OFFER SHARES OR (III) THE FUTURE PERFORMANCE OF THE OFFER SHARES EITHER IN ABSOLUTE TERMS OR RELATIVE TO COMPETING INVESTMENTS.
THE MANAGERS ARE ACTING ON BEHALF OF THE COMPANY AND NO ONE ELSE IN CONNECTION WITH THE OFFERING AND WILL NOT BE RESPONSIBLE TO ANY OTHER PERSON FOR PROVIDING THE PROTECTIONS AFFORDED TO CLIENTS OF THE MANAGERS OR FOR PROVIDING ADVICE IN RELATION TO THE OFFER SHARES.
EACH OF THE COMPANY, THE MANAGERS AND THEIR RESPECTIVE AFFILIATES EXPRESSLY DISCLAIMS ANY OBLIGATION OR UNDERTAKING TO UPDATE, REVIEW OR REVISE ANY STATEMENT CONTAINED IN THIS PRESS RELEASE WHETHER AS A RESULT OF NEW INFORMATION, FUTURE DEVELOPMENTS OR OTHERWISE.
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Forward-Looking Statements
This communication contains “forward-looking statements”, including as defined under applicable laws, such as the US Private Securities Litigation Reform Act of 1995. 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 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 www.sec.gov.
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