C3is (CISS) - 2023 Q2 - Quarterly Report

Exhibit 99.1 • Voyage revenues for the three months ended June 30, 2023 amounted to $1.7 million as market rates for our vessels prevailed at low levels. Total calendar days for our fleet were 182 days for the three months ended June 30, 2023. Of the total calendar days in the second quarter of 2023, 163, or 89.6%, were time charter days. Our fleet operational utilization was 89.6% for this period. 1 TCE is a non-GAAP measure. Refer to the reconciliation of this measure to the most directly comparable finan ...