Contships Logistics Corp. Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2026

Athens, Greece, August 3, 2026 Contships Logistics Corp. (the “Group” or “Contships” or “Company”), today announced its unaudited financial and operating results for the three and six months ended June 30, 2026.

Highlights

Fleet Composition

- During the first six months of 2026, the Group completed the disposal of five container feeder vessels. As a result, the vessels M/V Contship Ray, M/V Contship Max II, M/V Contship Ono, M/V Contship Eve II were delivered to their new owners in January 2026 and M/V Contship Vie was delivered to its new owner in February 2026. The aggregate gross proceeds from these vessel sales, before any commissions and sale related costs, were $59.0 million. - An average of 27.8 vessels were owned and operated by the Group during the first six months of 2026, whereas as of June 30, 2026, the Group owned 27 vessels.

Fleet Employment

In terms of time charter contract arrangements, the Group recently concluded the following fixtures: - M/V Contship Art was renewed with ZIM at a daily rate of $18,600 for a period of 22-26 months. - M/V Contship Cub was renewed with CMA CGM at a daily rate of $16,500 for a period of 22-26 months. - M/V Contship Day was renewed with COSCO at a daily rate of $19,900 for a period of 24-26 months. - M/V Contship Gin was renewed with CMA CGM at a daily rate of $21,500 for a period of 23-25 months. - M/V Contship Luv was fixed with Unifeeder at a daily rate of $16,750 for a period of 14-16 months. - M/V Contship Vow was renewed with Unifeeder at a daily rate of $16,750 for a period of 14-16 months. - As of July 1, 2026, and as adjusted to incorporate all recent fixtures, the Group’s secured revenue backlog stands at $240.7 million, estimated based on each vessel’s latest redelivery date. - For the Group’s 27 owned vessels, as of July 1, 2026, 4,854 days have been contracted for the period from July 1, 2026 to December 31, 2026, representing 98% charter coverage, after giving effect to all recent fixtures, as disclosed above.

Fleet Operations & Revenues

- Fleet operational utilization was 98% for the six months ended June 30, 2026. - Fleetwide, the Group achieved an average daily time charter rate, net of address and brokerage commissions, of $15,421 for the six months ended June 30, 2026, generating revenue of $84.9 million and a profit of $20.3 million. - Cash provided by vessel operations totaled $39.2 million during the six months ended June 30, 2026. - For the remaining six months of 2026, the Group is expected to achieve an average gross daily time charter rate of approximately $17,000.

Financial Developments

- In January 2026, the Group successfully completed a $25.0 million tap issue under its outstanding senior unsecured sustainability-linked bond maturing on February 11, 2030, carrying a coupon of 9.0% per annum. The tap issue was priced at 102.75%, reflecting continued investor support and the issuer’s strong access to the market. Proceeds from the tap issue are expected to be utilized for general corporate purposes of the Group. - During the first six months of 2026, the Group prepaid $1.5 million of its long-term financing liabilities in conjunction with the sales of M/V Contship Ray, M/V Contship Ono and M/V Contship Vie. - On February 26, 2026, the Company paid a $20.0 million dividend to its shareholders distributing part of its accumulated profits. - As of June 30, 2026, bank debt amounted to $12.0 million and outstanding bonds amounted to $200.0 million. - Cash and cash equivalents and time deposits increased by 59% from December 31, 2025, to an aggregate of $249.0 million as of June 30, 2026. - As of June 30, 2026, shareholders’ equity amounted to $447.1 million.

The Q2 2026 report is attached to this release and is available on the Company's website: https://contships-logistics.com/financial-reports/

For more information, contact: ir@contships-logistics.com

About Contships Logistics Corp. Contships Logistics Corp. is a leading independent owner of container feeder vessels focused on vessels between 900 TEU and 2,000 TEU. The Company has 27 container feeder vessels in operation.

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678953_CLC Unaudited Consolidated Interim Accounts Q2 2026 03.08.2026.pdf