C3is reports $2.7m Q3 2025 net income, $5.3m for nine-month period

Revenues for the third quarter were $4.8 million, a decrease from $9.3 million in the same period of 2024, primarily due to commercial idle days and the dry-docking of the company's Aframax tanker, Afrapearl II. This resulted in a daily time charter equivalent (TCE) of $8,733, compared to $13,084 in Q3 2024.

Fleet operational utilisation dropped to 67.7 per cent in the third quarter from 90.2 per cent in the prior year, largely due to the tanker's downtime.