Okeanis Eco Tankers has revealed how it logged 33% higher spot rates in the first quarter than its rivals.

The Oslo-listed shipowner achieved an average of $87,000 per day for its VLCCs over the three months, and $72,000 per day for suezmaxes.

This was 33% above peers, according to investment bank Cleaves Securities.

Okeanis chief financial officer John Papaioannou said the company had 41% of the fleet covered by time charters in the quarter.