Icon Energy Corp. Announces Investment in a Long-Term Chartered Containership
Icon Energy agreed to acquire an approximately 2.8% equity interest in a 2023-built 1,800 TEU ECO container feeder chartered to a major liner operator. The vessel is fixed at $24,750 per day through February 2028 at the earliest, generating roughly $12 million of Minimum Contracted Revenue; the deal is funded from cash on hand and expected to close by end of October 2026.
Key figures
- Vessel
- 1,800 TEU ECO container feeder, built in 2023
- Charter expiration
- February 2028 at the earliest
- Equity interest pct
- 2.8%
- Prior co investment
- 4.6% equity interest in 2,000 TEU geared feeder at $26,500/day fixed through June 2028
- Fixed hire rate per day
- 24750
- Minimum contracted revenue
- $12 million
AI analysis
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