Teekay (TK) Q1 2025 Earnings Call May 08, 2025 11:00 AM ET Speaker0 Welcome to the Teekay Group First Quarter twenty twenty five Earnings Results Conference Call. During the call, all participants will be in a listen only mode. Afterwards, you will be invited to participate in a question and answer session. At that time, if you have a question, participants will be asked to press 1 to register for a question. For assist assistance during the call, please press 0 on your touch tone phone. As a reminder, this ...

Company Outlook - Okeanis Eco Tankers is well-positioned to benefit from favorable market dynamics heading into 2025, supported by a modern fleet, disciplined capital management, and strong industry fundamentals [1] - The company employs a focused fleet deployment strategy, prioritizing Mediterranean and Western trades for Suezmaxes and utilizing a triangulation strategy for VLCCs [4] Market Dynamics - The expansion of U.S. sanctions on Russian and Iranian oil exports has reshaped global crude flows, potentially removing up to 1.5 million barrels per day of Iranian exports, creating demand for approximately 45 additional VLCCs [2] - Aging fleet dynamics are expected to support the market outlook, with 35% of the global Suezmax fleet and 30% of VLCCs projected to be over 20 years old by 2027 [5] Financial Position - Okeanis has strengthened its balance sheet by refinancing most of its fleet at lower margins and expanding its lender base, while maintaining a disciplined capital allocation strategy [6] - The company remains committed to shareholder returns without pursuing aggressive expansion or equity dilution [6] Future Catalysts - Potential U.S. Strategic Petroleum Reserve refilling and shifts in geopolitical policy are expected to drive continued demand, with Mr. Trump expressing intentions to rebuild the SPR [7]

Core Points - Okeanis Eco Tankers Corp. has scheduled its Annual Meeting of Shareholders for May 30, 2025, with a record date of April 22, 2025, to elect eight directors and ratify the appointment of Deloitte as the independent public accounting firm for the fiscal year ending December 31, 2025 [1][2] - The board of directors has been expanded from seven to eight members, with a vacancy to be filled at the Annual Meeting [2] - Mr. Dimitrios Papalexopoulos has been nominated for election to fill the new board vacancy, bringing extensive experience in management and business development from previous roles at Google and Procter & Gamble [3] - The executive management team of the Company will remain unchanged and will continue to collaborate closely with the board of directors [4] - Okeanis Eco Tankers is a leading international tanker company specializing in seaborne transportation of crude oil and refined products, with a fleet of six Suezmax tankers and eight VLCC tankers [5]

  Monday, April 7, 2025   Dear Shareholders and Investors, I wish personally to reassure our shareholders/investors that Nordic American is in a very strong position. In these volatile markets we have maneuvered conservatively, creating an upwards path for NAT. All the best, Sincerely, Herbjorn HanssonFounder, Chairman & CEO Nordic American Tankers Ltd.                                                        www.nat.bm      CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS Matters discussed in this p ...