Greece's Okeanis Eco Tankers has revealed why it is unlikely to be selling ships any time soon.

Executives from the Oslo-listed, Alafouzos family company told analysts on a conference call that a combination of strong market rates and coronavirus restrictions have closed the sale-and-purchase window for now.

The company has fixed out two VLCCs on term contracts — one for three years, another for eight months — in the first quarter.