Icon Energy Corp
icon-nrg.comWhat Do They Do?
Charters oceangoing dry-bulk vessels to regional and international operators, commodity traders and end users.
20-F for FY2025, filed Feb 24, 2026We are a growth-oriented shipping company, providing worldwide seaborne transportation services for dry bulk cargoes via our fleet of…View ↗
How Do They Make Money?
Charterers pay hire at regular intervals for vessel use under time charters, with revenue earned over the charter term; voyage charters pay a lump sum for a single voyage.
20-F for FY2025, filed Feb 24, 2026Time Charter. A time charter is a contract to charter a vessel for a predetermined period of time. Typically, under time charter…View ↗
Spot Voyage or Voyage Charter. A spot voyage or voyage charter is a contract to carry out a single voyage to transport an agreed quantity…View ↗
Under a time-charter agreement, the owner provides services related to the operation and the maintenance of the vessel, including crew…View ↗
$1.7M
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20-F for FY2025, filed Feb 24, 2026
$1.7M ↗
Who Are Their Customers?
Regional and international dry bulk operators, commodity traders and end users charter its vessels; the fleet is employed by two charterers.
20-F for FY2025, filed Feb 24, 2026
20-F for FY2025, filed Feb 24, 2026
% of Company’s revenue during the years ended December 31, Charterer 2025 2024 2023 A 71 % 100 % 100 % B 23 % — —View ↗
Do Revenues Turn Into Profits?
No. It lost $4.2M in FY2025.
20-F for FY2025, filed Feb 24, 2026
$180KView ↗
20-F for FY2025, filed Feb 24, 2026
−$4.2MView ↗
20-F for FY2025, filed Feb 24, 2026
−$5.3MView ↗
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