C3is Inc. announced the delivery of two MR product tankers expected between Q1 and Q3 2026, expanding the fleet to six vessels totaling 310,667 dwt. No bank loans were used for acquisitions, increasing fleet capacity by 385% since inception. Tankers are expected to operate in the spot market with daily charter rates of $55,000 for Aframax and $25,000 for MR product tankers.

Handysize dry bulk carriers are under short-term fixed time charter contracts, generating average daily rates of $15,800. Management estimated the Company’s NAV as approximately $77.5 million as of September 30, 2025, reflecting current market value of vessels, cash balances, equity offerings, and capital expenditures. NAV is subject to change based on assumptions and industry variations.

C3is Inc. is a ship-owning company offering dry bulk and crude oil seaborne transportation services. The fleet consists of four vessels, expanding to six with two MR product tankers. Shares trade on Nasdaq under “CISS.” Forward-looking statements caution potential risks and uncertainties affecting future performance. For more information, contact Nina Pyndiah, CFO of C3is Inc.

Read more at GlobeNewswire: C3is Inc. Provides Fleet Expansion Update in the Tanker