C3is Inc. Expands Fleet and Enhances Operations

C3is Inc. (CISS) has released an update.

C3is Inc., a company specializing in international seaborne transportation services, has expanded its fleet with the acquisition of one Aframax crude oil tanker and a handysize bulk carrier, both paid and debt-free, bringing its total cargo capacity to 213,468 dwt. The company, which was spun off from Imperial Petroleum in 2023, now operates independently and has its drybulk carriers under time charter, with its oil tanker taking advantage of favorable spot market conditions.

For further insights into CISS stock, check out TipRanks’ Stock Analysis page.