Icon Energy Corp. (ICON) has released an update.
Icon Energy Corp. has announced the delivery of the M/V Bravo, a Kamsarmax dry bulk carrier, alongside the signing of a $91.5 million term loan facility to support its acquisition and fleet expansion. The M/V Bravo is already set to be chartered by a major commodity trading firm for up to 14 months, linked to the Baltic Panamax Index. This strategic move aligns with Icon’s growth objectives through vessel acquisitions and capitalizes on the backing of its financiers and charterers.
For further insights into ICON stock, check out TipRanks’ Stock Analysis page.
