Icon Energy Fixes M/V Alfa Hire at $18,000 Daily, Secures $3.7M Revenue
ICON•Icon converted M/V Alfa’s charter to a fixed rate of $18,000/day for June–December 2026, securing approximately $3.7 million in minimum contracted revenue. The M/V Bravo and M/V Charlie remain on Baltic Panamax index-linked time charters, maintaining exposure to floating rates alongside fixed coverage through year-end.
1. M/V Alfa Charter Conversion
Icon Energy converted the M/V Alfa from a floating-rate time charter to a fixed-rate contract at $18,000 per day for the seven-month period from June through December 2026, locking in approximately $3.7 million of minimum contracted revenue and eliminating rate uncertainty for that vessel.
2. Floating vs Fixed Exposure
The M/V Bravo and M/V Charlie continue under Baltic Panamax index-linked time charters, offering upside potential from rate increases while maintaining a blended charter portfolio that balances floating exposure with fixed-rate coverage.
3. Revenue Implications
By blending fixed and index-linked charters, Icon Energy enhances cash flow stability and extends earnings visibility through year-end, leveraging its dry bulk fleet to navigate seasonal demand and market fluctuations.
