Intercont (NCT)
Dry-bulk chartering and vessel management alongside an unlaunched seaborne-pulping project.
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Provides dry-bulk vessel time charters and vessel-management services, generating reported revenue from maritime shipping. A separate, unlaunched effort would make pulp from wastepaper aboard modified vessels, leaving charter rates, fleet access, customer concentration, and commercialization approvals as central operating dependencies.
Operates dry-bulk time charters and vessel-management services through Hong Kong shipping subsidiaries, with principal executive offices in Singapore. A small fleet moves iron ore, coal, grain, and other dry-bulk or general cargo on spot voyages and time charters, while the management business handles crewing, insurance, safety inspections, dry-docking, and technical maintenance.
Generates reported revenue from maritime shipping, primarily time chartering, with vessel management as the other revenue stream. Operations and customers are centered in Asia, and customer relationships, vessel availability, utilization, charter rates, and related-party arrangements shape results.
Develops an unlaunched seaborne-pulping concept intended to turn old corrugated containers into pulp aboard modified vessels. Commercialization depends on factory-ship access, untested processing technology, wastepaper supply, customs and trade approvals, and external conditions; no factory-ship lease or acquisition contract had been signed.
Company facts
Categories
No analyst consensus on record.
Not reported.
Balance sheet, Dec 31, 2025Cash & short-term investments $4.0M · Total debt $14.5M · Total assets $63.2M · Shareholders' equity $24.6M
- Revenue
- $12.6M
- Operating income
- −$1.5M
- Net income
- −$2.7M
No dividends on record.
| Insiders1 holder · as of Mar 17, 2026 | 16.14% | 170.3K shares | |
| Otherremainder | 83.86% | 884.3K shares |
1.05M company shares as of Aug 21, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Muchun ZhuInsiderdirector, 10 percent owner, officer: See Remarks | 16.14% | 170,250 | Form 4filed Mar 17, 2026 ↗ |
Jun LiInsider | —38.49% of class, as filed | — | 13Gfiled Aug 26, 2025 ↗ |
Luan ChenInsider | —9.57% of class, as filed | — | 13Gfiled Aug 26, 2025 ↗ |
Shoucheng LeiInsider | —16.75% of class, as filed | — | 13Gfiled Aug 26, 2025 ↗ |
Wesley R. Edens1Insiderdirector | 10.02% | 105,680 | Form 4filed Dec 19, 2016 ↗ |
| See all 6 → | |||
- Last filed Dec 19, 2016; leaving the company requires no filing. Not in the bar.
13D/13G — an ownership statement filed at 5% or more · Form 4 — an insider's transaction report
Insider tradesForm 4
No open-market trades in the last 12 months.
- Star Bulk Carriers
Large dry-bulk fleet and integrated management contest charter demand.
- Genco Shipping & Trading
Scaled dry-bulk fleet competes for global commodity-charter demand.
- Diana Shipping
Dry-bulk ownership and time charters compete for global charterers.
ComparePre-market
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Intercont | $4.93 | +3.35% | $5.2M | 1.5 | — | 0.2 | — |
| Star Bulk Carriers | $31.82 | +0.06% | $3.55B | 12.5 | 7.1 | 3.0 | +15.0% |
| Genco Shipping & Trading | $27.31 | +1.19% | $1.18B | 29.8 | 12.7 | 2.7 | +14.0% |
| Diana Shipping | $2.99 | −0.33% | $371.9M | 6.2 | 8.6 | 1.7 | +4.8% |
| Median | 12.5 | 8.6 | 2.7 | +14.0% |