Okeanis Eco Tankers is putting its money where its mouth is by increasing exposure to the spot market as it revealed a strong faith in a second-half recovery.

The Oslo-listed company has said forecast Opec production hikes of 3m barrels per day by the end of 2021 means demand for an extra 64 VLCCs.

Chief executive Ioannis Alafouzos told analysts: "We're very bullish on the market.