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Robin Energy Ltd. Announces the Delivery of its Second Vessel
Globenewswireยท 2025-09-04 13:00
Core Viewpoint - Robin Energy Ltd has successfully taken delivery of the LPG Carrier Dream Syrax, which significantly enhances its fleet and earnings capacity, supporting its growth strategy through selective acquisitions [1][3]. Company Overview - Robin Energy Ltd is an international ship-owning company that provides energy transportation services globally, currently owning one Handysize tanker and one LPG carrier [4]. Acquisition Details - The Dream Syrax, a 2015-built vessel, was delivered on September 3, 2025, after completing its scheduled drydock and special survey, and the acquisition was fully funded with cash on hand [1]. - The vessel is under a time-charter contract at a rate of $337,000 per month, with the earliest redelivery expected in late December 2025 [2]. Strategic Insights - The Chairman and CEO of Robin Energy highlighted that the acquisition has doubled the size of the fleet in a short time since the company's listing, enhancing earnings capacity and generating stable cash flows for shareholders [3]. - The company aims to pursue further growth opportunities through selective acquisitions, supported by a debt-free balance sheet and a strong cash position [3].