Greece's C3is Q2 revenue more than doubles on higher charter rates
CISS•Outlook
C3is expects second-half 2026 performance to mirror strong first-half results.
The company said its recent tanker acquisitions are expected to increase exposure to the tanker market, and that charter rates for tankers remain at attractive levels.
Key figures
| Metric | Actual |
|---|---|
| Q2 Revenue | $24 mln |
| Q2 Net Income | $10 mln |
| Q2 EBITDA | $12 mln |
Quarterly results
Greece-based shipping firm C3is said second-quarter revenue more than doubled year over year on higher charter rates.
The company said adjusted net income and adjusted EBITDA rose sharply from the prior year.
Drivers of the increase
C3is said the revenue increase was primarily due to higher average TCE rates for its vessels.
The company also said the acquisition of two product tankers increased its average vessel count and exposure to the tanker market.
Increased voyage expenses in the quarter were mainly attributed to higher bunker prices.
