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 and to close by the end of October 2026, subject to definitive documentation and customary closing conditions.
In connection with this co-investment, Icon will also be entitled to appoint a representative to the board of directors of the entity formed to own the vessel.
Icon Energy Corp. said the transaction follows the company’s strategy to complement its core dry bulk business through “selective co-investments” in adjacent maritime opportunities alongside “experienced industry partners.”
Icon has not disclosed the acquisition price or identified the ship.
