Contships reports US$33.3 million nine-month profit

Contships Logistics reported a profit of US$33.3 million for the first nine months of 2026, supported by high fleet utilisation and firm charter rates.

Revenue reached US$129.8 million during the period, while cash generated by vessel operations totalled US$43.8 million.

The company achieved fleet utilisation of 98%. Its average daily time charter rate, after commissions, stood at US$15,734.

Contships owned 27 vessels at the end of September, while an average of 27.5 ships operated during the nine-month period. The company expects to achieve an average gross daily charter rate of approximately US$17,050 during the final three months of 2026.

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