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Rubico Inc. Announces Time Charter Extensions and Contracted Revenue Backlog of $120.8 Million
Globenewswire· 2025-11-25 12:00
Core Viewpoint - Rubico Inc. has successfully extended the time charter agreements for its two ECO tanker vessels, ensuring stable revenue generation through 2027 and beyond [1][2]. Group 1: Charter Agreement Details - The time charter employment for both vessels will continue at a gross daily hire rate of $32,850 until January 11, 2027, followed by a reduced rate of $29,990 for the next four years [1]. - The charterer retains the option to extend each time charter for two additional years at rates of $34,750 for the first optional year and $36,750 for the second optional year [2]. Group 2: Financial Implications - The total contracted revenue backlog has reached $120.8 million since the latest reported period, indicating a strong financial position for the company [2]. Group 3: Company Overview - Rubico Inc. specializes in the ownership and operation of modern, fuel-efficient ECO Suezmax tankers, with a focus on providing shipping transportation services [3]. - The company is incorporated in the Republic of the Marshall Islands and operates from Athens, Greece, with its shares traded on the Nasdaq Capital Market under the symbol "RUBI" [3].
Rubico Inc. Announces Successful Completion of Fleet Refinancing
Globenewswire· 2025-11-12 16:30
Core Points - Rubico Inc. has successfully closed sale and leaseback financing agreements with a major Chinese financier for refinancing two Suezmax tankers, Eco West Coast and Eco Malibu [1][5] - The gross proceeds from the financing agreements amounted to approximately $10.4 million after repayment of previous debt and related expenses [2] - The refinancing of each tanker is set at $42.0 million, with specific terms for bareboat charter and purchase obligations outlined for both vessels [3][4] Financing Details - The SLB for M/T Eco West Coast includes a bareboat charter for ten years at monthly installments of $0.18 million, with a purchase obligation of $20.0 million at the end of the charter [3] - The SLB for M/T Eco Malibu includes a bareboat charter for ten years at monthly installments of $0.19 million, with a purchase obligation of $19.0 million at the end of the charter [4] - Both financing agreements maintain a conservative leverage ratio of about 50% for the fleet [3] Company Overview - Rubico Inc. specializes in the ownership and operation of modern, fuel-efficient Suezmax tankers, with a focus on eco-friendly shipping solutions [6] - The company is incorporated in the Republic of the Marshall Islands and operates from Athens, Greece, with shares traded on the Nasdaq Capital Market under the symbol "RUBI" [6]
Rubico Announces Pricing of $7.5 Million Underwritten Public Offering
Globenewswire· 2025-11-05 13:45
Core Points - Rubico Inc. announced the pricing of its underwritten public offering of 12,315,270 units at a price of $0.609 per unit, each unit consisting of one common share and one Class A warrant [1][3] - The gross proceeds from the offering are expected to be approximately $7.5 million before deducting underwriting discounts and commissions [3] - The offering is expected to close on or about November 6, 2025, subject to customary closing conditions [3] Offering Details - Each warrant will expire one year from issuance and will be immediately exercisable at an initial price of $0.609 per share, with adjustments on the fourth and eighth trading days following the offering [2] - The company has granted underwriters a 45-day option to purchase up to an additional 1,847,290 common shares and/or warrants at the public offering price [4] - A registration statement was filed with the SEC and became effective on November 4, 2025, with a final prospectus to be available on the SEC's website [5] Company Overview - Rubico Inc. is a global provider of shipping transportation services, specializing in the ownership of vessels, and operates two modern, fuel-efficient Suezmax tankers [7] - The company is incorporated in the Republic of the Marshall Islands and has executive offices in Athens, Greece, with its common shares trading on the Nasdaq under the symbol "RUBI" [7]
Rubico Inc(RUBI) - Prospectus(update)
2025-10-15 22:50
As filed with the Securities and Exchange Commission on October 15, 2025. Registration No. 333-290426 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 3 to Form F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Rubico Inc. (Exact name of Registrant as specified in its charter) Republic of the Marshall Islands (State or other jurisdiction of incorporation or organization) 4412 (Primary Standard Industrial Classification Code Number) Barry I. Grossman, Esq. Matth ...
Rubico Inc(RUBI) - Prospectus(update)
2025-10-15 20:44
As filed with the Securities and Exchange Commission on October 15, 2025. Registration No. 333-290426 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 2 to Form F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Rubico Inc. (Exact name of Registrant as specified in its charter) Republic of the Marshall Islands (State or other jurisdiction of incorporation or organization) 4412 (Primary Standard Industrial Classification Code Number) N/A (I.R.S. Employer Identifi ...
Rubico Inc(RUBI) - Prospectus(update)
2025-10-08 20:18
As filed with the Securities and Exchange Commission on October 8, 2025. Registration No. 333-290426 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Rubico Inc. (Exact name of Registrant as specified in its charter) Republic of the Marshall Islands (State or other jurisdiction of incorporation or organization) 4412 (Primary Standard Industrial Classification Code Number) N/A (I.R.S. Employer Identification No.) 20 Iouliou Kaisara Str 19002 Paiania Athens, Greece +30 210 812 8107 (Add ...
Rubico Inc(RUBI) - Prospectus
2025-09-19 22:10
As filed with the Securities and Exchange Commission on September 19, 2025. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Rubico Inc. (Exact name of Registrant as specified in its charter) Republic of the Marshall Islands (State or other jurisdiction of incorporation or organization) 4412 (Primary Standard Industrial Classification Code Number) N/A (I.R.S. Employer Identification No.) 20 Iouliou ...
Rubico Inc(RUBI) - Prospectus(update)
2025-08-22 20:31
Registration No. 333-289552 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 1 to Form F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Rubico Inc. (Exact name of Registrant as specified in its charter) Republic of the Marshall Islands (State or other jurisdiction of incorporation or organization) 4412 (Primary Standard Industrial Classification Code Number) N/A (I.R.S. Employer Identification No.) 20 Iouliou Kaisara Str 19002 Paiania Athens, Greece +30 210 81 ...
Rubico Inc(RUBI) - Prospectus(update)
2025-08-20 21:27
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Rubico Inc. (Exact name of Registrant as specified in its charter) Republic of the Marshall Islands (State or other jurisdiction of As filed with the U.S. Securities and Exchange Commission on August 20, 2025. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 1 to Form F-1 incorporation or organization) 4412 (Primary Standard Industrial N/A (I.R.S. Employer Identification No.) Classification Code Number) 20 Iouliou K ...
Rubico Inc(RUBI) - Prospectus
2025-08-12 23:14
Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Rubico Inc. (Exact name of Registrant as specified in its charter) 4412 (Primary Standard Industrial Classification Code Number) Approximate date of commencement of proposed sale to the public: As soon as practicable after this Registration Statement becomes effective. If any of the securities being registered on this Form are being offered on a delay ...