Robin Energy Ltd. Announces the Acquisition of its Third Vessel

Core Viewpoint - Robin Energy Ltd. has announced the acquisition of a 2020-built 5,000 cbm LPG Carrier vessel from Toro Corp. for a purchase price of $20 million, which is expected to enhance the company's fleet and cash-generating capabilities [1][4]. Transaction Details - The acquisition agreement was approved by independent and disinterested members of the Boards of both Robin Energy and Toro, following recommendations from special committees [2]. - The transaction is expected to be completed in 2025, subject to customary closing conditions, and will be funded with cash on hand [3]. Company Overview - Robin Energy is an international ship-owning company that provides energy transportation services globally. After the acquisition, the company's fleet will consist of two LPG Carriers and one Handysize tanker vessel [4].