en.Wedoany.com Reported - Greek dry bulk shipowner Icon Energy (listed on Nasdaq) is expanding into the container ship sector through a minority equity investment, acquiring a minority stake in a long-term chartered feeder container vessel.

The company, led by Ismini Panagiotidi, has agreed to acquire approximately 5% of a newly established entity that will purchase a 2008-built, 2,000 TEU geared feeder vessel.

The vessel will be chartered to an investment-grade liner operator at a fixed rate of $26,500 per day for a period of 24 to 26 months, generating an estimated minimum contract revenue of approximately $19 million over the charter period.

The vessel is being acquired by a consortium of maritime investors led by experienced container ship owners and operators, who will also handle the commercial and technical management of the vessel.

Icon Energy stated that the investment will be funded from existing cash, and the transaction is subject to customary conditions, with completion expected by the end of June.

This move marks the first public transaction under what the company calls its "opportunistic co-investment strategy," aimed at complementing its core dry bulk business. Icon Energy currently owns three bulk carriers.

Icon Energy stated that instead of directly acquiring and operating vessels in other sectors, it plans to make selective minority investments alongside experienced shipping partners, gaining exposure to markets beyond dry bulk while maintaining its existing business focus.

The company added that any future investments will be passive, non-controlling, and conservative in scale to preserve financial flexibility.

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