Group 1 - Rubico has entered into a purchase agreement to acquire a vessel-owning company from Top Ships Inc., which is associated with a shipbuilding contract for a new mega yacht, the M/Y Sanlorenzo 1150Exp [1] - The expected delivery of the mega yacht is from the shipyard in the second quarter of 2027, with a purchase price set at $38 million [1] - The completion of the purchase and sale of the owner's shares is anticipated to occur no later than March 31, 2026 [1] Group 2 - An advance payment of $4 million was made under a letter of intent, which will be credited against the purchase price of the newbuilding mega yacht [1] - A special independent committee, consisting of independent board members, negotiated and approved the acquisition after receiving a fairness opinion from an independent financial advisor [1]

Group 1 - U.S. stock markets, including Nasdaq and New York Stock Exchange, will be closed on New Year's Day, January 1 [2] - Bond markets will also be closed on New Year's Day and will resume operations on January 2 [2] - Major shipping carriers like UPS and FedEx will suspend standard pickup and delivery services on New Year's Day [2] Group 2 - Retailers such as Walmart, Target, Macy's, and Kohl's will remain open on New Year's Day, with 7-Eleven stores also operating under adjusted hours [4] - Select pharmacies like CVS and Walgreens will operate on New Year's Day [4] - Banks and post offices will reopen for regular service on January 2, with markets resuming regular trading hours [4]

As filed with the U.S. Securities and Exchange Commission on December 31, 2025. Registration No. 333-292077 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 Id ...

Core Viewpoint - TOP Ships Inc. has entered into a sale agreement for a vessel-owning company, which is part of a shipbuilding contract for a new mega yacht, with a purchase price of $38.0 million and expected delivery in the second quarter of 2027 [1] Company Overview - TOP Ships Inc. is an international owner and operator of modern, fuel-efficient eco tanker vessels that transport crude oil, petroleum products, and bulk liquid chemicals [2]

Core Viewpoint - Rubico Inc. has entered into a purchase agreement to acquire a vessel-owning company from Top Ships Inc. for a newbuilding mega yacht, M/Y Sanlorenzo 1150Exp, at a price of $38.0 million, with expected delivery in the second quarter of 2027 [1]. Group 1: Acquisition Details - The acquisition involves a shipbuilding contract for the newbuilding mega yacht, with the purchase expected to be finalized by March 31, 2026 [1]. - An advance payment of $4.0 million was made as part of the letter of intent, which will be credited against the total purchase price [2]. - A special independent committee of the Company's board approved the acquisition after receiving a fairness opinion from an independent financial advisor [2]. Group 2: Company Overview - Rubico Inc. specializes in shipping transportation services and vessel ownership, incorporated in the Republic of the Marshall Islands, with executive offices in Athens, Greece [3]. - The Company's common shares are traded on the Nasdaq Capital Market under the symbol "RUBI" [3].

Core Insights - The transportation sector in 2025 has faced challenges due to tariff issues, supply-chain crises, and low freight demand, compounded by geopolitical tensions and a prolonged U.S. government shutdown. However, declining oil prices and cost-cutting measures have positively impacted profitability [1]. Industry Overview - Oil prices are expected to remain low in 2026, benefiting transportation stocks as fuel costs are a significant expense for these companies. The average price of West Texas Intermediate crude is projected at $65.32 per barrel in 2026, down from $76.60 in 2025. Jet fuel costs are also expected to decrease to $88 per barrel in 2026 from $90 in 2025, with the total fuel bill anticipated to be $252 billion in 2026 [2][3]. Macroeconomic Factors - The macroeconomic environment is showing signs of improvement as inflation in the U.S. is declining, despite remaining above the Federal Reserve's 2% target. The Fed has implemented three rate cuts in 2025, which may support the transportation sector [4]. Shipping Industry Insights - The shipping industry is expected to benefit from a supportive macro backdrop, with capsize bulk carriers positioned well due to strong demand for iron ore and bauxite. The recent increase in dry bulk rates is likely to continue into the next year [5]. Cost Control and E-commerce - Ongoing cost-control efforts amid soft freight demand are expected to enhance profitability. The strength of e-commerce continues to be a significant tailwind for the sector, while steady air travel demand is encouraging for airlines despite economic headwinds [6]. Stock Recommendations - Three transportation stocks are highlighted for potential investment: Expeditors International of Washington (EXPD), Global Ship Lease (GSL), and LATAM Airlines (LTM). These stocks carry Zacks Rank 1 (Strong Buy) or 2 (Buy) and are expected to deliver healthy returns [6]. Company Performance - Expeditors is benefiting from cost cuts and e-commerce strength, with a 7.6% EPS estimate increase for 2026. The company has a strong earnings surprise history, with an average surprise of 13.9% over the last four quarters [9][11]. - Global Ship Lease has a diversified fleet and has consistently outperformed earnings estimates, with a 16.8% average earnings beat and a 3.1% upward revision to its 2026 EPS view [9][12]. - LATAM Airlines is experiencing growth due to its lean cost structure and improved air travel demand, with a 4.5% upward revision to its 2026 EPS estimates and an average earnings surprise of 29.8% over the last four quarters [9][14].

Core Viewpoint - BW LPG Limited (BWLP) is recommended as a buy due to its leading position as the largest owner/operator of Very Large Gas Carriers (VLGCs), attractive dividend yield, and a fleet renewal program that will enhance its operational capabilities [1] Company Analysis - BW LPG Limited holds the largest ownership and operational capacity in the VLGC sector, which positions the company favorably in the market [1] - The company offers a very attractive dividend yield, making it an appealing investment option for income-focused investors [1] - A fleet renewal program is in place, which is expected to confirm and strengthen the company's market position and operational efficiency [1]

Core Viewpoint - The article discusses the current sentiment in the precious metals market based on the CFTC data, highlighting the potential volatility in asset prices due to uncertainties surrounding the Federal Reserve's leadership and interest rate decisions in 2026 [2][29]. Group 1: Market Sentiment and Predictions - The CFTC data indicates that the market sentiment towards precious metals is currently optimistic, with over half of surveyed retail investors believing that silver prices could reach $100 by 2026 [2][29]. - The article warns that while such targets may seem reasonable, price movements may not be linear, and participants should be cautious of leverage and potential losses [2][29]. - The article notes that both the platinum-to-copper and silver-to-copper ratios are expected to rise sharply in 2025, indicating that copper prices may lag behind precious metals [2][29]. Group 2: CFTC Data Insights - As of December 16, the net long positions for various metals show a mixed trend: gold's net long positions increased by 7.6%, while silver's decreased by 13.2% [4][8]. - The net long positions for platinum increased by 11.9%, while copper's net positions turned positive after being negative for a long time [11][14]. - The article highlights that the sentiment towards copper is overly optimistic, as short positions have reached their lowest level since 2007, suggesting a potential market correction [2][17]. Group 3: Interest Rate Outlook - The market anticipates a near 50% chance of a rate cut by the Federal Reserve in March 2026, with expectations of further cuts in April [22][29]. - There is speculation that the Fed may begin raising rates again in 2027, which could impact the ongoing commodity bull market [3][29]. - The article emphasizes the importance of monitoring the Fed's actions and the potential implications for asset prices, particularly in the context of inflationary pressures [30][29]. Group 4: Investment Strategies - The article suggests that investors should be cautious in the first half of 2026 due to expected price volatility and the need for careful leverage management [2][29]. - It also mentions that the gold-to-North American mining stock ratio has remained stable, indicating that mining stocks have underperformed relative to gold prices over the past few years [20][21]. - The article advises tracking overseas mining stock prices as a forward-looking tool to gauge market sentiment and potential price movements in gold [21][29].

Core Viewpoint - Cosco Shipping is facing allegations from MAC Container Line regarding unreasonable billing practices and failure to meet service commitments, leading to a formal complaint filed with the Federal Maritime Commission [1] Group 1: Allegations and Complaints - MAC Container Line claims that Cosco unfairly imposed detention charges, suspended bookings, and attempted to cancel contracts without justification [1] - The logistics company is seeking damages between $700,000 and $1.2 million due to lost business and reduced margins resulting from Cosco's actions [2] - MAC alleges that Cosco forced the cancellation of 27 active bookings, leading to nearly $490,000 in losses from two customers [2] Group 2: Specific Charges and Disputes - Cosco charged MAC $157,000 in detention fees for a shipment to India, which MAC disputes as unlawful since the cargo was under government control [3] - The complaint states that once the cargo was confiscated and auctioned, Cosco had no legal basis to accrue detention charges [4] - MAC claims that Cosco retaliated against them by canceling bookings and refusing new ones following the detention dispute [4] Group 3: Contractual Issues - Cosco attempted to terminate a year-long contract with MAC just 42 days after it was initiated, but later reverted the contract term back to its original expiration date of September 30, 2026 [5]

分组1 - Ultrapar Participações S.A. is a Brazilian diversified holding company with significant operations in downstream energy distribution, logistics, and chemical products, making it a dominant player in South American energy infrastructure [2] - The company has shown strong performance with shares up 42% year-to-date (YTD), excluding dividends, and offers a high dividend yield of 7.48%, which is significantly above sector averages [1][7] - Ultrapar's five-year dividend growth rate has seen a modest decline, but management remains committed to returning capital, as evidenced by a special dividend declaration of nearly 19 cents per share [7] 分组2 - The stock has a consensus rating score of 3.42, the highest among its peers, with all seven analysts rating it a Buy, and a consensus price target of $4.50, indicating nearly 20% upside potential [8] - Ultrapar's P/E ratio stands at 7.94, making it attractive to both income and value investors [8] - The overall market environment suggests that disciplined dividend strategies remain relevant, especially as investors seek durable cash flows and consistent execution [6][23]