C3is Inc.CISS
What C3is Inc. does.
Our fleet consists of three drybulk carriers that transport major bulks such as iron ore, coal and grains, and minor bulks such as bauxite, phosphate and fertilizers, one Aframax crude oil tanker that transports crude oil. We have also entered into two Memoranda of Agreement for the acquisition of two MR product tankers, both built in South Korea in 2008 and 2011, for a purchase price of $16.88 million for the 2008-built tanker and $22.90 million for the 2011-built tanker. One of the vessels was delivered at the beginning of Q2 2026, and the second one is scheduled for Q3 2026. Upon delivery of these vessels, and assuming no other vessel acquisitions or dispositions, the total cargo carrying capacity of our fleet will be 311,431 dwt. Please see information in the section “Our Fleet” below.
Our business strategy is focused on carefully selecting the timing and the structure of our investments in vessels and reliably, safely and competitively operating the vessels we own, through our affiliate, Brave Maritime.
We plan to expand our fleet by investing in high-quality, Japanese or Korean-built drybulk carriers, which may include vessels in class sizes ranging from Handysize class vessels of 28,000-40,000 dwt to Capesize class vessels of 100,000+ dwt, and potentially tankers of all sizes. We may also acquire vessels in these or other seaborne transportation sectors in addition to the drybulk and tanker sectors, under favorable market conditions. We do not, however, currently have any agreements or commitments to acquire additional vessels beyond our two contracted product tankers described above. We also intend to take advantage of the cyclical nature of the market by buying and selling ships when we believe favorable opportunities exist.
Revenue and profit, by fiscal year.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | — | — | $28.7M | $42.3M | $34.8M |
| Net income | — | — | $9.3M | -$2.7M | $10.5M |
| Free cash flow | — | — | $1.3M | $23.4M | $3.8M |
More on CISS.
- C3is Inc. summary
- C3is Inc. financial statements
- C3is Inc. key metrics
- C3is Inc. health scores and style box
- C3is Inc. earnings
- C3is Inc. dividends
- C3is Inc. valuation
- C3is Inc. ownership and insiders
- C3is Inc. peers
Figures from C3is Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.