StocksMedium•10 November 2026•
1 min read
Rubico Acquires Two MR Tanker Newbuilds, Boosting Revenue Backlog to $523M
Key Facts
1Rubico announced the acquisition of two SPVs owning shipbuilding contracts for MR tankers from Top Ships Inc.
2The newbuilding MR tankers are scheduled for delivery in Q4 2028 and Q4 2029, respectively.
3The vessels have secured seven-year time charter employment with Trafigura Maritime Logistics.
Rubico announced the acquisition of two SPVs owning shipbuilding contracts for MR tankers from Top Ships Inc. According to GlobeNewswire, the newbuilding vessels are scheduled for delivery in the fourth quarter of 2028 and the fourth quarter of 2029. The company has secured seven-year fixed-term time charter employment for these tankers with Trafigura Maritime Logistics.
The acquisition increases Rubico's potential gross revenue backlog by 40% to approximately $523 million. Regarding market performance, RUBI closed at $1.84 on November 9, 2026, while TOPS closed at $3.15 on the same date.