Athens-based international shipping company Icon Energy Corp. listed on Nasdaq under the ticker symbol ICON, has added to its fleet the 2020-built bulk carrier MV Charlie, equipped with emissions scrubbing system. The delivery took place on June 21 and represents a new step in the company’s disciplined growth strategy.
MV Charlie integrated as an efficient and operational unit
The MV Charlie is an Ultramax type bulk carrier, 199 meters in length and with a deadweight of 63,668 tons. She has been chartered on a bareboat charter from an unaffiliated third party and was immediately assigned to a time charter with an international dry cargo operator.
This contract has an estimated duration of 9 to 12 months and provides for a variable daily charter rate, calculated based on the Supramax Baltic index. In addition, Icon will receive additional revenue from fuel savings. fuel savings generated by the use of the vessel’s built-in scrubber.
Strategic growth in dry cargo transportation
Icon Energy’s President and CEO, Ismini Panagiotidi, highlighted that the addition of the MV Charlie will strengthen the company’s operating income immediately.
We welcome this new unit, confident that it will sail with the wind at its back. We remain focused on the orderly growth of our fleet.
The president affirmed.
With this addition, Icon reaffirms its presence in global dry cargo shipping, aiming for a more efficient and environmentally responsible operation. The deployment of the vessel under dynamic chartering conditions allows the company to flexibly capitalize on market opportunities.
Operational efficiency and long-term commercial vision
The use of scrubbing technology and the choice of modern vessels modern vessels are part of Icon’s are part of Icon’s focus on maximizing performance and minimizing environmental impact. The structure of the contract signed with the operator guarantees cash flows with the potential for improvement if global shipping index conditions prove favorable.
The arrival of the MV Charlie represents a physical expansion of the fleet and a strategic commitment to consolidate Icon Energy’s position among the leaders in dry bulk transportation.
Follow us on social networks and don’t miss any of our publications!
YouTube LinkedIn Facebook Instagram X (Twitter) TikTok
Source: Icon Energy via Globe Newswire
Photo: Shutterstock
