Icon Energy bolsters fleet with modern ultramax

Nasdaq-listed Greek bulker outfit Icon Energy is expanding its fleet by bringing in a 2020-built ultramax on a bareboat charter.

The Ismini Panagiotidi-led company said the 63,668 dwt scrubber-fitted vessel, to be named Charlie, should join the fleet between May and August 2025.

The deal includes an advance payment of $2.75m, the same amount upon delivery, a dayrate of $7,500 over three years and an $18m purchase option at the end of the charter.

Icon has already secured employment for the vessel upon delivery for up to a year at a floating daily hire rate linked to the Baltic Supramax Index, plus scrubber benefits.

The Athens-based company, established in August 2023, currently controls one 2006 Japanese-built 77,326 dwt panamax bulker and one 2007 Japanese-built kamsarmax.