United States v. Imperial Petroleum, Inc.

C3is Inc. reports third quarter and nine months 2023 financial and operating results, with net revenues and net income representing increases of 378% and 1,018% respectively from the previous quarter

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Venerdì, Novembre 3, 2023

Fleet operational utilization of 98.5% for the three months ended September 30, 2023, as our vessels were mainly under time charter employment.

Key Points:

Fleet operational utilization of 98.5% for the three months ended September 30, 2023, as our vessels were mainly under time charter employment.
Voyage revenues of $10.1 million for the three months ended September 30, 2023, corresponding to a daily TCEi of $27,903.
378% increase in Net Revenues and 1,637% increase in EBITDA from the second quarter of 2023.
Net Income of $3.3 million for the three months ended September 30, 2023.

Imperial Petroleum Inc. Announces the Date for the Release of Third Quarter and Nine Months 2023 Financial and Operating Results, Conference Call and Webcast

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Venerdì, Ottobre 20, 2023

United States v. Imperial Petroleum, Inc., ET, Transport, Conference, Conference call, Webcast, PIN, Petroleum

On October 25, 2023 at 11:00 am ET, the company’s management will host a conference call to discuss the results and the company’s operations and outlook.

Key Points:

On October 25, 2023 at 11:00 am ET, the company’s management will host a conference call to discuss the results and the company’s operations and outlook.
Conference call participants should pre-register using the below link to receive the dial-in numbers and a personal PIN, which are required to access the conference call.
There will also be a live and then archived webcast of the conference call, through the IMPERIAL PETROLEUM INC. website (www.imperialpetro.com).
Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast.

C3is Inc. reports second quarter and six months 2023 financial and operating results

Retrieved on:

Venerdì, Settembre 1, 2023

ATHENS, Greece, Sept. 01, 2023 (GLOBE NEWSWIRE) -- C3is Inc. (Nasdaq: CISS) (the “Company”), a ship-owning company providing drybulk and tanker seaborne transportation services, announced today its unaudited financial and operating results for the second quarter and six months ended June 30, 2023.

Key Points:

ATHENS, Greece, Sept. 01, 2023 (GLOBE NEWSWIRE) -- C3is Inc. (Nasdaq: CISS) (the “Company”), a ship-owning company providing drybulk and tanker seaborne transportation services, announced today its unaudited financial and operating results for the second quarter and six months ended June 30, 2023.
Voyage revenues of $4.9 million for the six months period ended June 30, 2023 corresponding to daily TCE1 of $12,145.
Our Company generated net income of $0.4 million for the six months period ended June 30, 2023, and net loss of $0.4 million for the three months ended June 30, 2023.
Voyage expenses and vessels’ operating expenses for the three months ended June 30, 2023 were $0.2 million and $0.8 million, respectively.

Imperial Petroleum Inc. Announces Pricing of Approximately $17.0 Million Registered Direct Offering

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Venerdì, Agosto 11, 2023

Attention, Telephone, Park Avenue, United States v. Imperial Petroleum, Inc., SEC filing, IMPP, Sale, Prospectus, Form, Security (finance)

Maxim Group LLC is acting as the sole placement agent in connection with the offering.

Key Points:

Maxim Group LLC is acting as the sole placement agent in connection with the offering.
The offering is expected to close on or about August 15, 2023, subject to the satisfaction of customary closing conditions.
The offering will be made only by means of a prospectus supplement that forms a part of such registration statement.
A prospectus supplement relating to the offering will be filed by Imperial Petroleum Inc. with the SEC.

Imperial Petroleum Inc. Reports Second Quarter and Six Months 2023 Financial and Operating Results

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Giovedì, Agosto 10, 2023

ATHENS, Greece, Aug. 10, 2023 (GLOBE NEWSWIRE) -- IMPERIAL PETROLEUM INC. (NASDAQ: IMPP, the “Company”), a ship-owning company providing petroleum products, crude oil and dry bulk seaborne transportation services, announced today its unaudited financial and operating results for the second quarter and six months ended June 30, 2023.

Key Points:

ATHENS, Greece, Aug. 10, 2023 (GLOBE NEWSWIRE) -- IMPERIAL PETROLEUM INC. (NASDAQ: IMPP, the “Company”), a ship-owning company providing petroleum products, crude oil and dry bulk seaborne transportation services, announced today its unaudited financial and operating results for the second quarter and six months ended June 30, 2023.
Voyage expenses and vessels’ operating expenses for the three months ended June 30, 2023 were $19.3 million and $7.0 million, respectively, compared to $4.4 million and $3.3 million, respectively, for the three months ended June 30, 2022.
EBITDA for the three months ended June 30, 2023 amounted to $21.0 million, while Adjusted EBITDA for the three months ended June 30, 2023 amounted to $30.8 million.
EBITDA for the six months ended June 30, 2023 amounted to $60.9 million while Adjusted EBITDA for the six months ended June 30, 2023 amounted to $71.0 million.

Imperial Petroleum Inc. Announces the Date for the Release of Second Quarter and Six Months 2023 Financial and Operating Results, Conference Call and Webcast

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Martedì, Agosto 8, 2023

Webcast, ET, Transport, United States v. Imperial Petroleum, Inc., PIN, Conference, Conference call

On August 10, 2023 at 11:00 am ET, the company’s management will host a conference call to discuss the results and the company’s operations and outlook.

Key Points:

On August 10, 2023 at 11:00 am ET, the company’s management will host a conference call to discuss the results and the company’s operations and outlook.
Conference call participants should pre-register using the below link to receive the dial-in numbers and a personal PIN, which are required to access the conference call.
There will also be a live and then archived webcast of the conference call, through the IMPERIAL PETROLEUM INC. website (www.imperialpetro.com).
Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast.

C3is Announces Agreement to Acquire One Aframax Oil Tanker, and Estimated Net Asset Value Premium at 370% Over Market Capitalization

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Lunedì, Luglio 17, 2023

United States v. Imperial Petroleum, Inc., Samsung, NAV, Hand, C3I, Acquisition, CISS, Cryptocurrency, Aframax

The vessel is currently trading in the spot market.

Key Points:

The vessel is currently trading in the spot market.
The transaction with Imperial Petroleum Inc., which is an affiliated company, was approved by the Company’s audit committee comprising of independent directors.
As of July 14, 2023, the Company’s management estimated C3is Inc’s Net Asset Value (“NAV”) to be $26.66 million, which represents approximately a 370% premium over its current market capitalization.
This NAV is based on recent charter-free vessel values and cash as of July 14, 2023, and does give effect to the acquisition of the Aframax oil tanker.

Imperial Petroleum Inc. Announces the Sale of Its Aframax Tanker

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Lunedì, Luglio 17, 2023

United States v. Imperial Petroleum, Inc., Samsung, IMPP, Shipbuilding, Aframax

ATHENS, Greece, July 17, 2023 (GLOBE NEWSWIRE) -- Imperial Petroleum Inc. (Nasdaq:IMPP) (the “Company”) announced today that it has entered into an agreement to sell for $43 million the M/T Stealth Berana an Aframax oil tanker, built at Samsung shipyard, South Korea in 2010, with a cargo carrying capacity of approximately 115,800 dwt, to C3is Inc.

Key Points:

ATHENS, Greece, July 17, 2023 (GLOBE NEWSWIRE) -- Imperial Petroleum Inc. (Nasdaq:IMPP) (the “Company”) announced today that it has entered into an agreement to sell for $43 million the M/T Stealth Berana an Aframax oil tanker, built at Samsung shipyard, South Korea in 2010, with a cargo carrying capacity of approximately 115,800 dwt, to C3is Inc.
Payment of 10% of the purchase price has been received, with the remaining balance due within one year following the vessel’s delivery which took place on the 14th of July, 2023.
The vessel is currently trading in the spot market.
The transaction with C3is Inc., which is an affiliated company, was approved by the Company’s audit committee comprising of independent directors.

C3is Inc. Reports First Quarter 2023 Financial and Operating Results

Retrieved on:

Venerdì, Giugno 23, 2023

Maintenance, C3I, Conference call, CISS, Bank statement, Calendar, United States v. Imperial Petroleum, Inc., Imperial, ET, PIN, Administration, Webcast, Transport, Conference, Airline, Shipbuilding

ATHENS, Greece, June 23, 2023 (GLOBE NEWSWIRE) -- C3is Inc. (Nasdaq: CISS) (the “Company”), a ship-owning company providing drybulk seaborne transportation services, announced today its unaudited financial and operating results for the first quarter ended March 31, 2023.

Key Points:

ATHENS, Greece, June 23, 2023 (GLOBE NEWSWIRE) -- C3is Inc. (Nasdaq: CISS) (the “Company”), a ship-owning company providing drybulk seaborne transportation services, announced today its unaudited financial and operating results for the first quarter ended March 31, 2023.
Successful spin-off of Imperial Petroleum Inc.’s two drybulk carriers to our newly listed company C3is Inc.; this was concluded on June 21, 2023.
Of the total calendar days in the first quarter of 2023, 163 or 90.6% were time charter days.
Voyage expenses and vessels’ operating expenses for the three months ended March 31, 2023 were $0.3 million and $1.0 million, respectively.

C3is Inc. Announces Commencement of Trading on the Nasdaq Capital Market

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Mercoledì, Giugno 21, 2023

Sale, Security (finance), United States v. Imperial Petroleum, Inc., Transport, Prospectus, CISS, Cryptocurrency, Property management

ATHENS, Greece, June 21, 2023 (GLOBE NEWSWIRE) -- C3is Inc. (Nasdaq: CISS) (the “Company”), a ship-owning company providing drybulk seaborne transportation services, today announced that it has completed its spin-off from Imperial Petroleum Inc., effective June 21, 2023.

Key Points:

ATHENS, Greece, June 21, 2023 (GLOBE NEWSWIRE) -- C3is Inc. (Nasdaq: CISS) (the “Company”), a ship-owning company providing drybulk seaborne transportation services, today announced that it has completed its spin-off from Imperial Petroleum Inc., effective June 21, 2023.
The Company’s shares of common stock, par value $0.01 per share, will commence trading on Thursday, June 22, 2023, on the Nasdaq Capital Market under the ticker symbol “CISS.”
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities and shall not constitute an offer, solicitation or sale of any security in any state or jurisdiction in which such offer, solicitation or sale would be unlawful.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission and become effective.
A prospectus may be obtained from the Company.