Nasdaq-listed Greek dry bulk owner Icon Energy Corp. has announced a minority investment in a feeder containership employed on a long-term charter.
The Ismini Panagiotidi-led Icon has agreed to acquire about 5% equity interest in the entity formed to own a 2,000-teu geared feeder vessel built in 2008.
Upon acquisition, the vessel will be chartered to an investment-grade liner operator at a fixed hire rate of $26,500 per day, for a period of 24 to 26 months, generating around $19m of minimum contracted revenue.
The vessel will be purchased by a consortium of maritime investors led by an established containership owner and operator, which will also undertake the vessel’s commercial and technical management.
Icon said the investment will be funded from cash on hand, with the transaction expected to close
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Greek bulker owner Icon invests in long-term chartered containership
Greek bulker owner Icon invests in long-term chartered containership
