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Rubico shares are trading higher after the company reported a 94% increase of its estimate of Net Asset Value results.

BenzingaJul 16, 2026, 1:11 PMBenzinga Newsdesk

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Jul 16, 2026, 1:11 PM
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Jul 16, 2026, 1:11 PM
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  1. Globenewswire IncJul 28, 2026, 1:35 PMNa

    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.

    Read original at globenewswire-inc