Icon Energy Corp. Reports Surge in Vessel Earnings and Revenue in Q3 2025

Reuters12-17

<a href="https://laohu8.com/S/ICON">Icon Energy Corp.</a> Reports Surge in Vessel Earnings and Revenue in Q3 2025

Icon Energy Corp. reported a commercial update highlighting higher earnings and fleet expansion in 2025. The company stated that all its vessels are currently employed on time charters with floating daily rates linked to the Baltic Panamax Index and Baltic Supramax Index. In the third quarter of 2025, the average gross hire rate per vessel was approximately $15,450 per day, representing a 41% increase from about $10,900 in the previous quarter and a 21% rise from roughly $12,800 in the third quarter of 2024. Third quarter 2025 revenues reached $4.2 million, more than double the $2.0 million recorded in the previous quarter and nearly five times the $0.9 million generated in the third quarter of 2024. The company also added the M/V Charlie to its fleet in June 2025 and the M/V Bravo in August 2024. In the fourth quarter of 2025 to date, vessels have been earning an average gross hire rate of approximately $15,750 per day. The company noted that market sentiment and dry bulk supply-demand fundamentals remain healthy.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Icon Energy Corp. published the original content used to generate this news brief on December 17, 2025, and is solely responsible for the information contained therein.

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