Rubico Announces Closing of the Acquisition of Additional Newbuilding MR Tanker
Rubico closed its previously announced acquisition from related party Top Ships of an SPV holding a newbuilding 47,499 dwt MR tanker contract at Guangzhou Shipyard, with delivery expected in Q2 2029. The vessel is fixed on a seven-year time charter with a major oil trader from delivery, with four optional extension years, lifting total potential gross revenue backlog to approximately $374.6 million including the operating fleet.
Key figures
- Deal Value Usd
- 0
- Vessel dwt
- 47499
- Charter duration
- 7 years firm plus 4 optional years
- Stock dividend ratio
- 0.50 shares per share
- Newbuilding gross revenue backlog
- $226.3 million
- Shipbuilding installments financed
- 85%
- Total potential gross revenue backlog
- $374.6 million
AI analysis
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