Rubico Inc. Announces Letter of Intent for Acquisition of a High Specification Newbuilding MR Tanker
Rubico entered into a non-binding Letter of Intent to acquire a shipowning company from related party Top Ships Inc., which owns a newbuilding MR tanker scheduled for delivery in Q2 2029. The vessel comes with a secured 7-year time charter with Trafigura at a rate of $18,750 per day and benefits from 85% lease financing provided by a Chinese lessor.
Key figures
- Delivery date
- Q2 2029
- Advance payment
- $0.3 million
- Charter duration
- 7 years
- Time charter rate
- $18,750 per day
- Financing coverage
- 85%
AI analysis
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