C3is Inc. reported net income of $13.2 million for the six months ended June 30, 2026, a significant increase from $2.6 million in the prior year period. Revenues rose to $35.6 million, driven by a 125% increase in average time charter equivalent daily rates to $36,769 and fleet expansion to an average of 4.5 vessels. The company acquired two MR product tankers, Clean Fury and Clean Reaper (ex. San Remo), for a combined purchase price of $39.8 million, with payments due in January 2027. As of June 30, 2026, the fleet comprised three dry bulk carriers, one Aframax tanker, and two MR product tankers. C3is Inc. operates as a ship-owning company providing international seaborne transportation services for drybulk commodities and petroleum products.
