Okeanis Eco Tankers will not buy ships with the proceeds of its latest vessel disposals.
The Oslo-listed owner of VLCCs and suezmaxes prefers to return money to shareholders at this point, executives told analysts on a conference call.
Chief financial officer John Papaioannou said the company had no intention of expanding the fleet with newbuildings or secondhand acquisitions.
Okeanis had already indicated that most of the $45m profit from selling three 2015-built aframax LR2s to Torm last month would be handed over to investors through a write-down of...
