Robin Energy Announces LPG Vessel Acquisition
Robin Energy agreed to acquire a 2015-built 5,000 cbm LPG carrier from AI OKTO CORP. for $18 million, funded with cash on hand. AI OKTO is a Nasdaq-listed entity controlled by Robin Energy's Chairman and CEO, making this a related-party transaction; terms were negotiated and recommended by special committees of independent directors of both boards.
Key figures
- Deal Value Usd
- 18000000
- Vessel
- 2015-built 5,000 cbm LPG Carrier
- Fleet size post deal
- 3
AI analysis
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