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Rubico acquires third MR tanker newbuilding, backlog rises to $379M

Tue, 28 Jul 2026 09:35:14 -0400

Rubico Inc. (Nasdaq: RUBI) has signed a share purchase agreement to acquire a company holding a shipbuilding contract for a 47,499 dwt chemical/product oil carrier, the firm's third newbuilding MR tanker, according to a press release.

The vessel is being built by Guangzhou Shipyard International Company Limited and China Shipbuilding Trading Co., Ltd., with delivery scheduled for the second quarter of 2029. The acquisition is being made from Top Ships Inc., a related party controlled by Rubico's controlling shareholder, at a purchase price of approximately $6.5 million, with closing expected by September 30, 2026.

The newbuilding has secured a seven-year time charter

Rubico Announces Acquisition of 3rd Newbuilding MR Tanker and a 24% Increase of Potential Gross Revenue Backlog to About $379 Million

Tue, 28 Jul 2026 09:35:00 -0400

ATHENS, Greece, July 28, 2026 (GLOBE NEWSWIRE) -- Rubico Inc. (Nasdaq: RUBI) (the “Company” or “Rubico”), a global provider of shipping transportation services specializing in the ownership of vessels, announced today that, pursuant to its previously announced letter of intent (the “LOI”), it has entered into a share purchase agreement (the “SPA”) with Top Ships Inc., a related party controlled by Rubico's controlling shareholder, to purchase the shares of a company (the “SPV”) that is party to a shipbuilding contract with Guangzhou Shipyard International Company Limited and China Shipbuilding Trading Co., Ltd. for the construction of a

Rubico Announces Acquisition of 3rd Newbuilding MR Tanker and a 24% Increase of Potential Gross Revenue Backlog to About $379 Million

Tue, 28 Jul 2026 09:35:00 -0400

Form 424B3 Rubico Inc.

Fri, 24 Jul 2026 16:50:00 -0400

si-local-file:///var/storage/secattach/20260724/26814114.html

Form 424B3 Rubico Inc.

Fri, 24 Jul 2026 16:50:00 -0400

si-local-file:///var/storage/secattach/20260724/26814114.html

Form 6-K Rubico Inc. For: Jul 24

Fri, 24 Jul 2026 16:48:00 -0400

si-local-file:///var/storage/secattach/20260724/26814104.html

Form 6-K Rubico Inc. For: Jul 24

Fri, 24 Jul 2026 16:48:00 -0400

si-local-file:///var/storage/secattach/20260724/26814104.html

Rubico signs LOI to acquire MR tanker newbuilding from related party

Fri, 24 Jul 2026 10:32:50 -0400

Rubico Inc. (Nasdaq: RUBI) has signed a letter of intent to potentially acquire a shipowning company from Top Ships Inc., a related party controlled by Rubico's controlling shareholder, according to a press release.

The shipowning company holds a shipbuilding agreement with Guangzhou Shipyard International Company Limited for an MR chemical/product oil tanker scheduled for delivery in Q2 2029. The vessel has a time charter agreement with Trafigura Maritime Logistics Pte. Ltd. at a minimum fixed duration of seven years at a rate of $18,750 per day.

The shipowning company also has a lease financing agreement with a Chinese lessor covering 85% of

Rubico signs LOI to acquire MR tanker newbuilding from related party

Fri, 24 Jul 2026 10:32:50 -0400

The shipowning company also has a lease financing agreement with a Chinese lessor covering 85% of

Rubico signs LOI to acquire MR tanker newbuilding from related party

Fri, 24 Jul 2026 10:32:50 -0400

The shipowning company also has a lease financing agreement with a Chinese lessor covering 85% of

Rubico signs LOI to acquire MR tanker newbuilding from related party

Fri, 24 Jul 2026 10:32:50 -0400

The shipowning company also has a lease financing agreement with a Chinese lessor covering 85% of

Rubico signs LOI to acquire MR tanker newbuilding from related party

Fri, 24 Jul 2026 10:32:50 -0400

The shipowning company also has a lease financing agreement with a Chinese lessor covering 85% of

Rubico signs LOI to acquire MR tanker newbuilding from related party

Fri, 24 Jul 2026 10:32:50 -0400

The shipowning company also has a lease financing agreement with a Chinese lessor covering 85% of

Rubico Inc. Announces Letter of Intent for Acquisition of a High Specification Newbuilding MR Tanker