Okeanis Eco Tankers (OET) has revealed why it has increased costs by paying out bonuses to its seafarers in the second quarter.
The Greek owner of VLCCs, suezmaxes and aframaxes said the investment was worth it during the pandemic when crews were stranded on vessels.
Due to the disbursement of bonuses to officers and seafaring staff OET's general and administrative (G&A) expenses rose from $1,034 per fleet day in the first quarter of 2020 and $1,434 in the second quarter of 2019 to $2,497 for the second three months of this year.
