en.Wedoany.com Reported - Nasdaq-listed Greek dry bulk shipowner Icon Energy has converted an index-linked floating rate charter for one of its Panamax bulk carriers into a fixed-rate charter.

The 2006-built, 77,326 deadweight tonnage Panamax bulk carrier "Alfa" has been time-chartered to an international commodity trading group for an indefinite period. Either party may terminate the transaction with three months' notice, but not before July 2026. The vessel was originally chartered at a floating daily rate linked to the Baltic Panamax Index, with Icon Energy holding an option to convert the deal to a fixed rate.

Icon Energy has now exercised that option, converting the contract for the seven-month period from June to December 2026 into a fixed daily rate. The agreed daily rate is $18,000, expected to generate minimum contract revenue of approximately $3.7 million for the company. Icon Energy's other two vessels, "Bravo" and "Charlie," continue to earn floating daily rates.

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