Rubico Inc. closed its previously announced share purchase agreement to acquire an SPV holding a contract for a 47,499 dwt chemical/product oil carrier from Top Ships Inc., a related party. The vessel is scheduled for delivery in the second quarter of 2029 and has secured a seven-year time charter with a major oil trader, extendable by four years. This acquisition brings Rubico's total potential gross revenue backlog from three newbuilding MR tankers to approximately $226.3 million, or $374.6 million including operating fleet charters and extension options. Additionally, the company completed its stock dividend of 0.50 common shares for each share outstanding, with trading ex-dividend as of October 6, 2026. Rubico Inc. is a global provider of shipping transportation services specializing in the ownership and operation of modern tanker vessels.
