Rubico To Acquire MR Tanker Newbuilding From Top Ships In $6.25M Deal With 7-Year Charter, Extendable To 11 Years; Total Potential Gross Revenue Backlog From This Contract, Including Optional Years, Is ~$75.4M

Top 3 Energy Stocks That May Rocket Higher This Month

The energy sector's oversold stocks present buying opportunities. The RSI compares stock strength on up and down days, giving insight into short-term performance. Rubico, Recon Technology, and Vivakor are major oversold players with RSI values near or below 30.

Rubico Files Prospectus For Offering $25M Common Shares Through At-The-Market Offering

https://www.sec.gov/Archives/edgar/data/1943421/000117184326005243/f424b5_072226.htm

Rubico Announces Acquisition of 3rd Newbuilding MR Tanker and a 24% Increase of Potential Gross Revenue Backlog to About $379 Million

Rubico Inc. announced the acquisition of a third newbuilding MR tanker from Top Ships Inc. through a share purchase agreement. The 47,499 dwt chemical/product oil carrier is scheduled for delivery in Q2 2029 and has secured a seven-year time charter with a major oil trader worth approximately $75.4 million in potential gross revenue. The acquisition increases Rubico's total potential gross revenue backlog to approximately $379.2 million, representing a 24% increase.

Rubico Acquires Newbuilding MR Tanker Project With $75.4M Potential Revenue Backlog And 7-Year Charter Agreement

Rubico Inc. (NASDAQ:RUBI) (the "Company" or "Rubico"), a global provider of shipping transportation services specializing in the ownership of vessels, announced today that, pursuant to its previously

TOP Ships shares are trading lower. The company announced the acquisition of three high specification newbuilding MR tankers and potential gross revenue backlog of about $0.93 billion.

Top Ships Inc. Announces Acquisition of three High Specification Newbuilding MR Tankers and Potential Gross Revenue Backlog of about $0.93 Billion

TOP Ships Inc. has agreed to acquire three high-specification ECO MR Product Tankers under construction, with time charter employment secured from an oil major for five years plus one optional year. The acquisition costs approximately $7.4 million and is expected to close by September 30, 2026. The three vessels represent approximately $140.6 million in potential gross revenue backlog, bringing the company's total potential gross revenue backlog across its fleet to approximately $929 million.