C3is ANNOUNCES AGREEMENT TO ACQUIRE ONE AFRAMAX OIL TANKER, AND ESTIMATED NET ASSET VALUE PREMIUM AT 370% OVER MARKET CAPITALIZATION. 

Athens, Greece, July 17, 2023 – C3is Inc. (Nasdaq:CISS) (the “Company”) announced today that it has entered into an agreement to acquire for $43 million the M/T Stealth Berana an Aframax oil tanker, built at Samsung shipyard, South Korea in 2010, with a cargo carrying capacity of approximately 115,800 dwt, from Imperial Petroleum Inc.

Payment of 10% of the purchase price has been effected, with the remaining balance due within one year following the vessel’s delivery which took place on the 14th of July . The vessel is currently trading in the spot market.

The transaction with Imperial Petroleum Inc., which is an affiliated company, was approved by the Company’s audit committee comprising of independent directors.  (more…)

Q1 2023 financial and operating results 23rd June 2023 11:00 ET/16:00 BST

PARTICIPANT WEBCAST LINK:This link should be distributed to anyone who would like to view the live webcast. https://edge.media-server.com/mmc/p/umfnywzd Title: Q1 2023 financial and operating results     Date: 23rd June 2023 Start Time: 11:00 ET/16:00 BST – Start of live event Download the presentation c3is Q1 2023 PARTICIPANT CALL LINK: This link and Read more…

C3is INC. REPORTS FIRST QUARTER 2023 FINANCIAL AND OPERATING RESULTS

Athens, Greece, June 23, 2023 – C3is Inc. (Nasdaq: CISS) (the “Company”), a ship-owning company providing drybulk seaborne transportation services, announced today its unaudited financial and operating results for the first quarter ended March 31, 2023. These financial results were prepared on a carve-out basis from the financial statements of Imperial Petroleum Read more…

C3is Inc. ANNOUNCES THE DATE FOR THE RELEASE OF THE FIRST QUARTER 2023 FINANCIAL AND OPERATING RESULTS, CONFERENCE CALL AND WEBCAST.

C3is Inc. Athens, Greece, June 21, 2023 – C3is Inc. (Nasdaq: CISS) (the “Company”), a ship-owning company providing seaborne transportation services, announced today that it will release its first quarter’s financial results for the period ended March 31, 2023 before the market opens in New York on June 23, 2023. Read more…