Icon Energy Corp (ICON) Form 6-K — Oct 14, 2026
Icon Energy Corp. (Nasdaq: ICON) announced it will acquire an approximately 2.8% non-controlling equity interest in a 2023-built 1,800 TEU ECO container feeder chartered to a major liner operator at $24,750 per day through February 2028 at the earliest. The charter generates approximately $12 million of Minimum Contracted Revenue, and Icon will fund the investment from cash on hand with closing expected by the end of October 2026, subject to definitive documentation. Icon is also entitled to appoint a representative to the vessel-owning entity's board.
Key figures
- Vessel
- 1,800 TEU ECO container feeder, built 2023
- Charter expiry
- February 2028 at the earliest
- Charter hire rate
- $24,750 per day
- Prior coinvestment
- 4.6% equity interest in 2,000 TEU geared feeder at $26,500/day through June 2028
- Equity interest percent
- 2.8%
- Minimum contracted revenue
- $12 million
AI analysis
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