Nasdaq-listed Greek dry bulk owner Icon Energy Corp. is buying
Nasdaq-listed Greek dry bulk owner Icon Energy Corp. is buying a non-controlling interest in a containership employed under a long-term contract with a major liner operator.
The vessel is a 1,800 teu eco container feeder, built in 2023. The vessel is chartered to a major liner operator, at a fixed hire rate of $24,750 per day through February 2028 at the earliest, generating approximately $12m of minimum contracted revenue.
The vessel will be acquired by a consortium of professional maritime investors led by a containership owner and operator, which will also undertake the vessel’s commercial and technical management.
The Ismini Panagiotidi-led Icon has agreed to acquire an approximately 2.8% equity interest in the entity formed to own the vessel.
The investment is expected to be funded from cash on hand
