Icon Energy expands boxship exposure

Nasdaq-listed Greek dry bulk owner Icon Energy is expanding its containership investments, agreeing to take a minority stake in a second feeder vessel employed under a long-term charter.

The Ismini Panagiotidi-led company said it would acquire approximately 2.8% of the entity being established to own a 2023-built, 1,800 teu eco-design containership. The vessel is chartered out on a long-term basis to an unnamed global liner company.