Harry N. Vafias-led C3is Inc. has sealed a deal to buy a
Harry N. Vafias-led C3is Inc. has sealed a deal to buy a South Korean-built product tanker with 47,203 deadweight tons (dwt) capacity.
The Athens-based company said it had struck an agreement to acquire the 2011-built vessel for a purchase price of $22.9m, from an entity affiliated with Brave Maritime Corp Inc.
The transaction with Brave Maritime, which is affiliated with members of the Vafias family, was approved by the independent directors of the company, according to C3is, which obtained independent valuations of the vessel, and used the average price of these valuations.
The tanker is expected to be delivered between the first and second quarters of 2026. Under the terms of the deal, the company has the option to pay for the vessel one year after the date of the purchase agreement,
