Greece’s Okeanis Eco Tankers (OET), an owner of 14 modern VLCCs and suezmaxes, boosted its dividend on the back of its best quarterly profit since listing in Oslo five years ago.

Net income at the Alafouzos family company soared to $51.6m in the first quarter from an already stellar $48.4m in the previous quarter and up 456% year on year.