Icon Energy Adds Scrubber-Fitted M/V Charlie To Fleet, Secures 9-12 Month Time Charter; Icon Will Also Receive A Share Of The Fuel Cost Savings To Be Realized By The Charterer Through The Use Of The Vessel's Scrubber

Icon Energy Corp. ("Icon" or the "Company") (NASDAQ:ICON), an international shipping company providing worldwide seaborne transportation services for dry bulk cargoes via its fleet of oceangoing vessels, is pleased to announce the successful delivery of the M/V Charlie to its fleet.

Delivery. On June 21, 2025, Icon took delivery of the M/V Charlie, a 2020-built, scrubber-fitted, eco Ultramax dry bulk carrier, it had agreed to bareboat charter-in from an unaffiliated third party, as previously announced on March 24, 2025.

Charter. The M/V Charlie has been time chartered-out to a reputable dry bulk operator for a period of 9 to 12 months, at a floating daily hire rate linked to the Baltic Supramax Index. In addition to the daily hire rate, Icon will also receive a share of the fuel cost savings to be realized by the charterer through the use of the vessel's scrubber. The time charter commenced immediately upon delivery of the M/V Charlie to Icon.