AI OKTO Announces the Sale of the LPG Carrier Dream Arrax
AI OKTO has agreed to sell the Dream Arrax, a 2015-built 5,000 cbm LPG carrier, for $18 million to a subsidiary of Robin Energy Ltd. The buyer is a Nasdaq-listed company controlled by AI OKTO's own Chairman and CEO, making this a related-party transaction; it was negotiated by special committees of independent directors and approved by both boards. Delivery is expected in Q4 2026 subject to customary closing conditions.
Key figures
- Deal Value Usd
- 18000000
- Vessel
- Dream Arrax
- Vessel built
- 2015
- Expected delivery
- Q4 2026
- Vessel capacity cbm
- 5000
- Remaining fleet size
- 1
AI analysis
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