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Created: 01/27/2022 10:37:23 AM - Followers: 108 - Board type: Free - Posts Today: 11


Imperial Petroleum is an international shipping transportation company specialized in the transportation of various petroleum and petrochemical products in liquefied form. Our executive offices are located in 331 Kifisias Avenue, Kifisia, Greece. 
1 hour 25 start

Our Business Strategy

Our business strategy is focused on providing consistent stockholder returns by timing and structuring acquisitions of vessels and by reliably, safely and efficiently operating our vessels. We continuously evaluate purchase and sale opportunities, as well as employment opportunities for our vessels. Key elements of the above strategy are:



Renew and Expand our Fleet. We expect to grow our fleet in a disciplined manner through timely and selective acquisitions of quality vessels. We perform in-depth technical and condition assessment review of each potential acquisition and only purchase vessels as market opportunities present themselves. We focus on purchasing secondhand vessels, newbuildings or newbuilding resales based on the evaluation of each investment option at the time it is made.



Optimize Charter Mix. In the current product tanker and crude oil tanker charter market, we are mainly focusing on short to medium term charters, including time and bareboat charters, of one or two years. As the charter market changes and we grow our fleet, we may continue to adjust our chartering strategy to include longer duration term charters or a higher percentage of spot market charters. We seek to

ATHENS, Greece, May 27, 2022 (GLOBE NEWSWIRE) -- Imperial Petroleum Inc. (NASDAQ:IMPP) (the "Company") announced today that it has entered into an agreement to acquire two suezmax tankers, built at Hyundai Samho in 2007 and at Samsung Heavy Industries in 2008, with an aggregate capacity of approximately 320,000 dwt, from an unaffiliated third party for an aggregate purchase price of $46.8 million, with delivery expected by mid- June 2022. The Company expects to finance the purchase price with cash-on-hand and new senior secured bank debt. This transaction is indicative of the Company's substantial financial resources to consummate new vessel acquisitions due to its high level of available cash raised from its recently completed public offerings. This agreement is consistent with the company's plan to continue its fleet expansion.


Imperial Petroleum Inc. is a ship-owning company providing petroleum product and crude oil seaborne transportation services. The Company owns four M.R. product tankers and one Aframax oil tanker with a total capacity of 305,804 deadweight tons (dwt) and has agreed to acquire one additional product tanker and two suezmax tankers with expected delivery by mid-June 2022. Following these deliveries Imperial Petroleum will own a total of eight tankers with an aggregate capacity of approximately 682,000 dwt. Imperial Petroleum Inc.'s shares of common stock and 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock are listed on the Nasdaq Capital Market and trade under the symbols "IMPP" and "IMPPP", respectively.




Table of Contents

charter our vessels to high quality charterers as we have done in the past such as national and independent oil companies, energy traders and industrial companies.



Operate a High Quality Fleet. Our primary focus is the operation of medium and large-sized product tankers and crude oil tankers, and as we grow our fleet in the future potentially add vessels in other seaborne transportation sectors that we assess as exhibiting favorable market conditions. We believe that owning a high quality fleet reduces operating costs, improves safety and provides us with a competitive advantage in securing favorable charters. We limit our acquisition of vessels to those that meet rigorous industry standards and that are capable of meeting the stringent certification requirements of major oil companies. We maintain the quality of our vessels by carrying out regular inspections, both while in port and at sea, and adopting a comprehensive maintenance program for each vessel.



Maintain Financial Flexibility. We intend to use bank debt to partially fund our further vessel acquisitions and which we hope will increase financial returns for our stockholders. We intend to manage our balance sheet to maintain an adequate level of liquidity and actively assess the level and maturity profile of debt we incur in light of the level of cash flow generated from our chartering strategy and our efficient operating cost structure. We have moderate leverage which we believe will well position us to obtain additional financing and grow our fleet by pursuing selective acquisitions.


As of March 28, 2022, we had raised $27 million in total net proceeds, after underwriting discounts, from our first public offering in February 2022 and $64 million in total net proceeds, after underwriting discounts, from our second public offering in March 2022.

In March 2022, we entered into agreements to acquire two MR product tankers from a related party for an aggregate price of $31 million; the first vessel was delivered on March 28, 2022 and the second will be delivered by the end of May 2022.

Declaration of a dividend on our 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock ($0.546875 per preferred share) payable on March 30, 2022 to holders of record on March 25, 2022.

$IMPP chart, we broke .75 resistance on all time high volume w/ a high of .88, break $1 tomorrow and we are off and running to $2-$3, we are in the right place at the right time, OIL!
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CEO Harry Vafias Commented crudeoil24 07/28/2022 11:14:46 AM
*****Yes , IMPP will eventually get a delisting 1vman 06/02/2022 10:42:22 AM
IMPP~~look closely on daily chart,$5.00++ going , ALERTS100%to10000%GAIN 05/31/2022 07:27:10 PM
how isnt $impp 2-3 dollars? betterdaysaheadotc 05/27/2022 01:51:11 PM
Well we have some months for this to betterdaysaheadotc 08/19/2022 11:26:25 PM
I think there's only 5 of us who Dusty18 08/19/2022 06:46:04 PM
One question for the IMPP Board?? flippa 08/19/2022 11:25:26 AM
Good for you! I own some for flippa 08/19/2022 11:18:51 AM
So yesterday was a good time to buy. Dusty18 08/19/2022 11:12:50 AM
Not even following this one anymore. I own Smilin_B 08/19/2022 09:16:30 AM
hard to trust harry b.... betterdaysaheadotc 08/19/2022 08:56:34 AM
and right back to where i sold. betterdaysaheadotc 08/19/2022 08:56:05 AM
*****No way this hits a buck in 4 1vman 08/19/2022 08:03:47 AM
Are things about to get a little Randy Smilin_B 08/19/2022 02:17:09 AM
“Of course it’s heading up after I sold rcaselli 08/19/2022 12:36:48 AM
Of coarse it did. That's my old playbook. Dusty18 08/18/2022 10:50:01 PM
Reversal starting on trading chart. Gator44 08/18/2022 12:03:37 PM
omg i just said the same..took huge loss betterdaysaheadotc 08/18/2022 11:08:24 AM
Nice long overdue bounce !!!! Gator44 08/18/2022 10:57:38 AM
Of course it’s heading up after I sold PATIENCE PAYS OFF 08/18/2022 10:41:10 AM
Wow, up nearly 10%. The run to a Dusty18 08/18/2022 10:09:44 AM
looks like a ride to 4 then jump frugallife 08/18/2022 10:09:18 AM
*****No way this hits a buck in 4 1vman 08/18/2022 09:12:44 AM
reverse split will kill this and it seems betterdaysaheadotc 08/17/2022 11:27:21 AM
They just nearly sucked out all the green. Dusty18 08/17/2022 11:20:11 AM
looks like shorts covered as it hit .34 betterdaysaheadotc 08/17/2022 10:46:49 AM
nice bounce off 34 betterdaysaheadotc 08/17/2022 10:38:57 AM
*****New 52 week lows daily here for IMPP 1vman 08/17/2022 10:30:04 AM
harry is dogshit that doesnt give a rats betterdaysaheadotc 08/17/2022 08:26:11 AM
*****Bcuz tons of cash means squat if no 1vman 08/17/2022 08:14:34 AM
*****No way this hits a buck in 4 1vman 08/17/2022 08:11:24 AM
Why? Harry has tons of cash. Dusty18 08/16/2022 11:17:48 PM
R/S is coming up soon!! I keep saying batatinha 08/16/2022 04:45:41 PM
dirty harry diluting? betterdaysaheadotc 08/16/2022 03:49:17 PM
I forget which one of you posted about MyHands 08/16/2022 02:10:34 PM
*****No way this hits a buck in 4 1vman 08/16/2022 09:31:03 AM
Thx Dusty Gator44 08/16/2022 12:26:44 AM
36 FING PENNIES---WHAT A POS THIS CEO IS...THIS betterdaysaheadotc 08/15/2022 06:09:15 PM
I've never gotten any snail mail or Dusty18 08/15/2022 05:36:28 PM
Do you know if anyone has received the MyHands 08/15/2022 05:16:17 PM
Yes, to all your questions. I have been Dusty18 08/15/2022 04:31:27 PM
The two handysize dry bulk carriers, the Eco Gator44 08/15/2022 03:57:00 PM
The tanker market seems to continue its strength Gator44 08/15/2022 03:49:47 PM
Come on! So close to Green! Who the Dusty18 08/15/2022 12:10:57 PM
*****No way this hits a buck in 4 1vman 08/15/2022 07:24:58 AM
They have till Dec. 14, 2022 per NASDAQ notice. Gator44 08/15/2022 12:43:28 AM
You study the 1 minute chart and you Dusty18 08/12/2022 05:52:41 PM
everyone fears 4.01 offering we go upppppppp betterdaysaheadotc 08/12/2022 04:36:42 PM
its the CEOS who are diluting the piss betterdaysaheadotc 08/12/2022 03:56:48 PM
It’s really too bad when someone loses their DD-214 08/12/2022 03:35:29 PM
82 million in bank....pps 36 pennies...what a undervalued POS betterdaysaheadotc 08/12/2022 03:18:13 PM
I think they will do R/S by end batatinha 08/12/2022 03:12:50 PM
We have till nov/dec area to get pps > $1 Gator44 08/12/2022 03:08:08 PM
mm/hedges 100 share short gambit con fear betterdaysaheadotc 08/12/2022 03:02:04 PM
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