C3is reports sharp rise in 2025 net income

The company entered into agreements in December 2025 and January 2026 to acquire two product tankers from Brave Maritime Corporation. Deliveries of these vessels are expected by C3is to take place during 2026.

C3is reported the acquisitions involve a total of $39.8 million. It added that the purchases are being financed by a one-year interest-free loan.

Voyage expenses for the final quarter of 2025 were $3.4 million, while vessel operating expenses totalled $2.1 million. The company attributed the decrease in voyage costs to lower bunker prices.

The shipowner stated that its Handysize dry bulk carriers are currently on short-term time charters. Its Aframax tanker operates in the spot market and is achieving voyage charter rates of approximately $60,000 per day.

Looking at the market, C3is said it expects global seaborne trade to grow further, attributing this to factors such as population growth, geopolitics, and sanctions.