C3is Inc.
NASDAQ Capital MarketCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Diamantis Andriotis
- Sector
- Industrials
- Industry
- Marine Shipping
- Address
- 331 Kifissias Avenue Athens GH Greece 14561
- IPO Date
- Jun 14, 2023
- CIK
- 0001951067
- Website
- c3is.pro
- Similar Companies
- Business
- C3is Inc. is a Marshall Islands-incorporated, Greece-based holding company that owns and operates a fleet of vessels providing international seaborne transportation services for dry bulk cargoes and crude oil to national state entities, commodity producers and traders, oil producers, refineries, and other commercial clients worldwide; its core offerings encompass the carriage of major dry bulks such as iron ore, coal, and grains as well as minor bulks including bauxite, phosphate, and fertilizers via handysize drybulk carriers, alongside crude oil transportation through Aframax tankers primarily on short-term time charters and spot market voyages. The company, founded in 2021 and headquartered at 331 Kifissias Avenue, Erithrea, Athens, Greece, manages subsidiaries including C3is Tanker Management Inc. and operates an unencumbered fleet currently comprising three handysize drybulk carriers--Eco Angelbay, Eco Bushfire, and Eco Spitfire--with a combined deadweight tonnage capacity of 97,664 dwt, and one Aframax crude oil tanker, Afrapearl II, with approximately 115,800 dwt capacity, yielding a total fleet capacity of 213,464 dwt and an average vessel age of around 14.8 years. In recent developments, C3is Inc. expanded its fleet in May 2024 by taking delivery of the Eco Spitfire handysize drybulk carrier and settled the remaining $14.6 million purchase balance in April 2025 without incurring bank debt, having fully funded $59.2 million in capital expenditures for prior acquisitions including the Afrapearl II tanker; the company also completed a $2.0 million registered direct offering of 800,000 common shares in October 2025 to institutional investors for general corporate purposes and working capital, while reporting net income of $5.3 million for the first nine months of 2025 versus a prior-year loss amid revenue impacts from 74 non-revenue drydock days and an Aframax tanker drydocking in August 2025 that reduced time charter equivalent rates by 40% and fleet utilization to 67.7% in Q3.
Company News
C3is Q2 Earnings Call Highlights
C3is Inc. (CISS) Q2 2026 Earnings Call Prepared Remarks Transcript
C3is Inc. reports second quarter and six months 2026 financial and operating results
C3is Inc. announces the date for the release of the second quarter 2026 financial and operating results
C3is Inc. Announces Reverse Stock Split
C3is Inc. Announces Pricing of $6.0 Million Underwritten Public Offering
C3is Inc. Announces Pricing of $6.0 Million Underwritten Public Offering
C3is Inc. (CISS) Q1 2026 Earnings Call Prepared Remarks Transcript
C3is Inc. reports robust financial and operating results for the first quarter of 2026, with a 358% increase in Adjusted Net Income
C3is Inc. announces the date for the release of the first quarter 2026 financial and operating results
C3is Inc. Announces Reverse Stock Split
Analyzing Himalaya Shipping (NYSE:HSHP) & C3is (NASDAQ:CISS)
Why Are C3is Shares Tumbling On Friday?
C3is Inc. (CISS) Q4 2025 Earnings Call Prepared Remarks Transcript
C3is Inc. reports fourth quarter and twelve months 2025 financial and operating results
C3is Inc. announces the date for the release of the fourth quarter and twelve months 2025 financial and operating results
What Fueled C3is Inc (CISS) Stock 29% After Hours Jump
C3is Stock Rises Over 15% After Hours: Here's What You Should Know
C3is Inc. Announces the Acquisition of Two Medium Range Product Tankers
C3is Inc. Announces Reverse Stock Split