C3is Inc. is expanding its fleet with the acquisition of two Medium Range (MR) product tankers, each with a capacity of approximately 50,000 dwt and built in South Korea in 2008 and 2011. The purchase prices are $16.88 million and $22.90 million, respectively, with vessel deliveries expected between the first and third quarters of 2026. The vessels are being acquired from an entity affiliated with Brave Maritime Corp Inc. and are funded through a one-year interest-free loan, allowing flexibility in payment timing. Upon completion, C3is Inc.'s fleet will grow to six vessels, including three tankers and three Handysize dry bulk carriers. The company expects each MR tanker to generate around $9 million in annual gross revenue and approximately $6 million in annual EBITDA, based on current market rates.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. C3is Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW1001160681-en) on January 22, 2026, and is solely responsible for the information contained therein.