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$CISS a fresh R / S name under the radar oil play with 5m market cap and 3m float and $1.88 cash per share Spinoff from IMPP they also own and operate an oil tanker '' Afrapearl II ''
''Slide 9 shows the current fleet of C3is. By the end of third quarter 2024, C3is owned and operated the fleet of 3 handysize dry bulk carriers and 1 Aframax oil tanker. In May 2024, the company took delivery of 33,000 deadweight dry bulk carrier, the Eco Spitfire, bringing the total fleet capacity to 213,000 deadweight with an average age of 13.77 years. All vessels have had the ballast water management systems already installed.''
- C3is Inc. is a ship-owning company providing dry bulk and crude oil seaborne transportation services. The Company owns four vessels, three handysize drybulk carriers with a total capacity of 97,664 deadweight tons (dwt) and an Aframax oil tanker with a cargo carrying capacity of approximately 115,800 dwt, resulting with a fleet total capacity of 213,464 dwt. C3is Inc.’s shares of Common Stock are listed on the Nasdaq Capital Market and trade under the symbol “CISS.”
- [12:34 PM]As of November 18, 2024, C3is Inc. (CISS) reported owning an Aframax oil tanker, the Afrapearl II (formerly M/T Stealth Berana), with a cargo carrying capacity of approximately 115,800 deadweight tons (dwt).
- This vessel was acquired in July 2023 and has been operating in the spot market, achieving voyage charter rates of around $48,000 per day. MORNINGSTAR In July 2024, the company paid off the remaining 90% of the purchase price for the Afrapearl II, amounting to $39.5 million, using cash provided by operations, cash on hand, and net proceeds from equity offerings.
- Therefore, as of the latest available information from November 2024, C3is Inc. still owns and operates the Aframax oil tanker Afrapearl II.
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